Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.93% | -1.82 | 2.76% |
| Return on Equity (%) | ▼ | 6.66% | -16.27 | 22.93% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.31 | 3.72% |
| Efficiency Ratio (%) | ▼ | 81.74% | +25.19 | 56.54% |
| Pre-Provision Profit ($M) | ▼ | $2 | -3.17 | $5 |
| Cost of Funds (%) | ▲ | 1.60% | -0.37 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $490 | +0.44 | $490 |
| Gross Loans ($M) | ▲ | $385 | +17.86 | $367 |
| Loan Growth YoY (%) | ▲ | 95.22% | +0.11 | 95.12% |
| Total Deposits ($M) | ▲ | $400 | +18.27 | $382 |
| Shareholders Equity ($M) | ▲ | $69 | +7.69 | $62 |
| Tang. Book Value ($M) | ▲ | $66 | +7.78 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +8.33 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 95.22% | +0.11 | 95.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.29% | +1.07 | 0.22% |
| Allowance / Loans (%) | — | 1.01% | -0.03% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +1.34 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.48% | +1.40 | 16.09% |
Noninterest income ($3.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 3.52% | 3.50% | 3.48% | 3.72% | 3.79% | 3.84% | 3.84% | 4.04% |
| ▃▃▄█▆▅▅▁ | Return on Assets (%) | 1.61% | 1.50% | 1.67% | 2.76% | 2.30% | 2.02% | 1.90% | 0.93% |
| ▅▅▅▁▂▃▄█ | Efficiency Ratio (%) | 70.9% | 72.3% | 69.9% | 56.5% | 61.2% | 64.5% | 66.1% | 81.7% |
| ▇██▆▅█▄▁ | Cost of Funds (%) | 1.98% | 2.08% | 2.10% | 1.97% | 1.87% | 2.04% | 1.82% | 1.60% |
| ▁▁▁▂▁▇██ | NPA / Assets (%) | 0.06% | 0.05% | 0.07% | 0.22% | 0.08% | 1.03% | 1.27% | 1.29% |
| ▁▁▁▂▁▇██ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.09% | 0.29% | 0.11% | 1.26% | 1.58% | 1.64% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $50 | $53 | $54 | $58 | $61 | $63 | $65 | $66 |
| ▁▂▅▂▃▇█▆ | Gross Loans ($M) | $361 | $369 | $379 | $367 | $373 | $390 | $396 | $385 |
| ▄▂▂▆▃▁▃█ | Total Deposits ($M) | $367 | $353 | $356 | $382 | $362 | $344 | $358 | $400 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 9% |
| Agricultural | 4% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |