Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.01 | 1.53% |
| Return on Equity (%) | ▼ | 19.35% | -0.22 | 19.57% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.02 | 3.99% |
| Efficiency Ratio (%) | ▼ | 61.65% | +1.97 | 59.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▲ | 1.93% | -0.06 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $523 | +54.23 | $469 |
| Gross Loans ($M) | ▲ | $399 | +31.53 | $367 |
| Loan Growth YoY (%) | ▼ | 83.79% | -7.14 | 90.93% |
| Total Deposits ($M) | ▲ | $470 | +70.91 | $399 |
| Shareholders Equity ($M) | ▲ | $41 | +4.22 | $37 |
| Tang. Book Value ($M) | ▲ | $41 | +4.23 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +3.91 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 83.79% | -7.14 | 90.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.09 | 0.43% |
| Allowance / Loans (%) | — | 1.31% | 0.04% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.17 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.47% | +0.11 | 10.37% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆██▅ | Net Interest Margin (%) | 3.85% | 3.89% | 3.90% | 3.99% | 4.05% | 4.12% | 4.14% | 4.01% |
| ▁▁▁▇▆██▇ | Return on Assets (%) | 1.28% | 1.30% | 1.31% | 1.53% | 1.50% | 1.55% | 1.59% | 1.54% |
| █▇▇▁▂▁▁▃ | Efficiency Ratio (%) | 65.2% | 64.5% | 64.2% | 59.7% | 60.5% | 60.1% | 60.0% | 61.7% |
| ▅▆▂▃▅█▇▁ | Cost of Funds (%) | 2.01% | 2.04% | 1.97% | 1.99% | 2.02% | 2.09% | 2.05% | 1.93% |
| ██▅▅▅▂▁▁ | NPA / Assets (%) | 0.50% | 0.50% | 0.44% | 0.43% | 0.43% | 0.37% | 0.33% | 0.35% |
| ██▆▅▅▃▂▁ | Net Charge-Off Ratio (%) | 0.63% | 0.66% | 0.58% | 0.55% | 0.54% | 0.46% | 0.42% | 0.39% |
| ▁▃▁▃▅▆██ | Tang. Book Value ($M) | $35 | $37 | $35 | $37 | $38 | $40 | $41 | $41 |
| ▂▁▃▄▆███ | Gross Loans ($M) | $343 | $334 | $352 | $367 | $380 | $396 | $402 | $399 |
| ▁▁▃▁▄▆▇█ | Total Deposits ($M) | $389 | $393 | $410 | $399 | $425 | $441 | $458 | $470 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 16% |
| Agricultural | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |