Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.35 | 0.54% |
| Return on Equity (%) | ▲ | 9.44% | +3.30 | 6.14% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.47 | 2.85% |
| Efficiency Ratio (%) | ▲ | 63.99% | -9.68 | 73.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.17 | $2 |
| Cost of Funds (%) | ▲ | 1.34% | -0.16 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $949 | +18.71 | $930 |
| Gross Loans ($M) | ▲ | $538 | +3.50 | $535 |
| Loan Growth YoY (%) | ▼ | 67.15% | -1.65 | 68.79% |
| Total Deposits ($M) | ▲ | $789 | +23.48 | $765 |
| Shareholders Equity ($M) | ▲ | $89 | +6.59 | $82 |
| Tang. Book Value ($M) | ▲ | $77 | +7.34 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +6.44 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 67.15% | -1.65 | 68.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.77% | -0.32 | 1.09% |
| Allowance / Loans (%) | — | 1.56% | 0.05% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 1.33% | -0.21 | 1.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.56% | +0.23 | 12.33% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 2.61% | 2.61% | 2.64% | 2.85% | 2.97% | 3.06% | 3.13% | 3.32% |
| ▁▁▂▃▄▄▄█ | Return on Assets (%) | 0.40% | 0.36% | 0.43% | 0.54% | 0.60% | 0.62% | 0.59% | 0.89% |
| ██▇▅▅▅▆▁ | Efficiency Ratio (%) | 77.9% | 79.6% | 76.3% | 73.7% | 72.0% | 72.1% | 73.9% | 64.0% |
| ▆██▆▃▃▃▁ | Cost of Funds (%) | 1.52% | 1.58% | 1.59% | 1.50% | 1.44% | 1.42% | 1.42% | 1.34% |
| ▁▇▇██▅▆▄ | NPA / Assets (%) | 0.47% | 1.01% | 0.96% | 1.09% | 1.08% | 0.84% | 0.87% | 0.77% |
| ▁▇▆██▇▇▆ | Net Charge-Off Ratio (%) | 0.77% | 1.38% | 1.34% | 1.54% | 1.48% | 1.35% | 1.40% | 1.33% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $66 | $70 | $68 | $70 | $71 | $75 | $76 | $77 |
| ▆▆▁▅▄██▆ | Gross Loans ($M) | $537 | $537 | $523 | $535 | $532 | $544 | $543 | $538 |
| ▁▃▄▁▄▁▁█ | Total Deposits ($M) | $765 | $771 | $775 | $765 | $774 | $765 | $764 | $789 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |