Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.02 | 1.92% |
| Return on Equity (%) | ▼ | 14.18% | -1.43 | 15.61% |
| Net Interest Margin (%) | ▼ | 4.38% | -0.09 | 4.46% |
| Efficiency Ratio (%) | ▲ | 54.14% | -1.09 | 55.24% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.09 | $3 |
| Cost of Funds (%) | ▼ | 0.80% | +0.00 | 0.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $495 | +11.64 | $483 |
| Gross Loans ($M) | ▲ | $262 | +24.77 | $237 |
| Loan Growth YoY (%) | ▲ | 61.49% | +5.34 | 56.14% |
| Total Deposits ($M) | ▲ | $420 | +4.08 | $416 |
| Shareholders Equity ($M) | ▲ | $67 | +7.26 | $60 |
| Tang. Book Value ($M) | ▲ | $67 | +7.44 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +7.07 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 61.49% | +5.34 | 56.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.07 | 0.38% |
| Allowance / Loans (%) | — | 1.39% | -0.12% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.09 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.98% | +1.66 | 21.33% |
Noninterest income ($1.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▆▇▇█▃ | Net Interest Margin (%) | 4.29% | 4.36% | 4.41% | 4.46% | 4.48% | 4.48% | 4.52% | 4.38% |
| ▁▆▇█▅█▇█ | Return on Assets (%) | 1.74% | 1.88% | 1.91% | 1.92% | 1.85% | 1.93% | 1.91% | 1.95% |
| █▁▂▃█▃▄▁ | Efficiency Ratio (%) | 56.8% | 54.5% | 54.6% | 55.2% | 57.1% | 55.1% | 55.4% | 54.1% |
| ▇▇▅▁▃▆█▁ | Cost of Funds (%) | 0.97% | 0.98% | 0.91% | 0.80% | 0.86% | 0.96% | 1.02% | 0.80% |
| ▁▅▄▁▆▄█▂ | NPA / Assets (%) | 0.39% | 0.54% | 0.53% | 0.38% | 0.59% | 0.52% | 0.70% | 0.45% |
| ▃█▇▂█▆█▁ | Net Charge-Off Ratio (%) | 0.77% | 1.06% | 0.98% | 0.69% | 1.10% | 0.97% | 1.07% | 0.60% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $52 | $57 | $57 | $60 | $61 | $64 | $66 | $67 |
| ▂▂▁▂▃▄▆█ | Gross Loans ($M) | $239 | $239 | $233 | $237 | $243 | $246 | $254 | $262 |
| ▄▁▁▆▅█▁█ | Total Deposits ($M) | $409 | $404 | $402 | $416 | $412 | $420 | $404 | $420 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 1% |