Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.17 | 1.26% |
| Return on Equity (%) | ▼ | 19.43% | -0.43 | 19.86% |
| Net Interest Margin (%) | — | 4.16% | 0.00 | 4.16% |
| Efficiency Ratio (%) | ▲ | 69.32% | -0.22 | 69.54% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.26 | $4 |
| Cost of Funds (%) | ▼ | 1.54% | +0.04 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $992 | +35.24 | $957 |
| Gross Loans ($M) | ▲ | $711 | +18.93 | $692 |
| Loan Growth YoY (%) | ▼ | 84.16% | -1.81 | 85.97% |
| Total Deposits ($M) | ▲ | $831 | +37.78 | $793 |
| Shareholders Equity ($M) | ▲ | $73 | +9.47 | $63 |
| Tang. Book Value ($M) | ▲ | $72 | +9.51 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +9.47 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 84.16% | -1.81 | 85.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.02% | +1.21 | 0.81% |
| Allowance / Loans (%) | — | 1.65% | 0.16% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 2.58% | +1.57 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.62% | -0.08 | 12.70% |
Noninterest income ($2.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█████ | Net Interest Margin (%) | 3.49% | 3.61% | 3.71% | 4.16% | 4.20% | 4.24% | 4.22% | 4.16% |
| ▁▁▂▇▆▆▅█ | Return on Assets (%) | 0.73% | 0.73% | 0.83% | 1.26% | 1.22% | 1.22% | 1.12% | 1.43% |
| ▇█▇▁▁▂▂▁ | Efficiency Ratio (%) | 78.4% | 79.8% | 78.1% | 69.5% | 70.4% | 70.9% | 71.4% | 69.3% |
| ▇█▆▁▁▂▂▂ | Cost of Funds (%) | 1.78% | 1.86% | 1.72% | 1.50% | 1.46% | 1.53% | 1.52% | 1.54% |
| ▁▁▁▁▁▂█▇ | NPA / Assets (%) | 0.81% | 0.82% | 0.96% | 0.81% | 0.99% | 1.05% | 2.21% | 2.02% |
| ▁▁▁▁▁▁█▇ | Net Charge-Off Ratio (%) | 1.17% | 1.09% | 1.05% | 1.01% | 1.01% | 1.22% | 2.82% | 2.58% |
| ▁▄▁▄▄▇██ | Tang. Book Value ($M) | $57 | $65 | $59 | $63 | $63 | $70 | $71 | $72 |
| ▁▃▂▄▅▆▇█ | Gross Loans ($M) | $676 | $689 | $684 | $692 | $695 | $701 | $705 | $711 |
| █▄▃▃▁▁▂▆ | Total Deposits ($M) | $852 | $806 | $801 | $793 | $772 | $779 | $792 | $831 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |