Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.44 | 0.92% |
| Return on Equity (%) | ▲ | 17.44% | +4.36 | 13.08% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.27 | 3.54% |
| Efficiency Ratio (%) | ▲ | 62.25% | -8.30 | 70.55% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.23 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $421 | +39.61 | $381 |
| Gross Loans ($M) | ▲ | $303 | +18.47 | $284 |
| Loan Growth YoY (%) | ▼ | 77.74% | -4.30 | 82.04% |
| Total Deposits ($M) | ▲ | $385 | +42.35 | $343 |
| Shareholders Equity ($M) | ▲ | $33 | +5.66 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +5.97 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +6.24 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 77.74% | -4.30 | 82.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.18 | 0.92% |
| Allowance / Loans (%) | — | 1.12% | 0.02% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.91% | -0.22 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.77% | -0.34 | 12.11% |
Noninterest income ($0.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.10% | 3.17% | 3.26% | 3.54% | 3.70% | 3.79% | 3.81% | 3.81% |
| ▁▁▂▃▄▄▅█ | Return on Assets (%) | 0.77% | 0.83% | 0.91% | 0.92% | 1.06% | 1.06% | 1.12% | 1.37% |
| ██▆▆▄▅▄▁ | Efficiency Ratio (%) | 74.8% | 73.8% | 71.6% | 70.6% | 68.2% | 68.9% | 68.1% | 62.3% |
| ▆█▇▄▃▃▂▁ | Cost of Funds (%) | 2.29% | 2.44% | 2.35% | 2.21% | 2.13% | 2.12% | 2.04% | 1.97% |
| ▃▁▆█▆▇▄▆ | NPA / Assets (%) | 0.52% | 0.31% | 0.76% | 0.92% | 0.70% | 0.81% | 0.61% | 0.74% |
| ▄▁▆█▅▆▄▆ | Net Charge-Off Ratio (%) | 0.74% | 0.44% | 0.93% | 1.13% | 0.84% | 0.88% | 0.73% | 0.91% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $20 | $24 | $22 | $23 | $25 | $27 | $29 | $29 |
| ▁▂▄▅▇███ | Gross Loans ($M) | $261 | $271 | $280 | $284 | $294 | $301 | $298 | $303 |
| ▁▂▂▂▄▆██ | Total Deposits ($M) | $333 | $341 | $341 | $343 | $356 | $366 | $382 | $385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 5% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |