Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 3.03% | -0.16 | 3.19% |
| Return on Equity (%) | ▼ | 22.39% | -5.33 | 27.72% |
| Net Interest Margin (%) | ▼ | 4.50% | -0.03 | 4.53% |
| Efficiency Ratio (%) | ▼ | 36.26% | +2.00 | 34.27% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.03 | $3 |
| Cost of Funds (%) | ▲ | 0.81% | -0.07 | 0.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $373 | -14.35 | $387 |
| Gross Loans ($M) | ▲ | $114 | +1.65 | $113 |
| Loan Growth YoY (%) | ▲ | 34.36% | +2.59 | 31.78% |
| Total Deposits ($M) | ▼ | $323 | -21.37 | $344 |
| Shareholders Equity ($M) | ▲ | $50 | +6.98 | $43 |
| Tang. Book Value ($M) | ▲ | $50 | +6.98 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +7.30 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 34.36% | +2.59 | 31.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.05 | 0.41% |
| Allowance / Loans (%) | — | 3.02% | 0.03% | 2.99% |
| Net Charge-Off Ratio (%) | ▼ | 1.50% | +0.14 | 1.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 36.12% | +4.46 | 31.66% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▁▄▄▆▇█▃ | Net Interest Margin (%) | 4.55% | 4.44% | 4.52% | 4.53% | 4.59% | 4.60% | 4.65% | 4.50% |
| █▅▁▄▃▂▁▁ | Return on Assets (%) | 3.47% | 3.27% | 3.03% | 3.19% | 3.12% | 3.12% | 3.01% | 3.03% |
| ▁▁▆▂▂▃█▆ | Efficiency Ratio (%) | 33.4% | 33.7% | 36.2% | 34.3% | 34.0% | 34.5% | 37.3% | 36.3% |
| █▆▆▃▃▁▂▁ | Cost of Funds (%) | 1.08% | 1.01% | 0.99% | 0.88% | 0.90% | 0.84% | 0.85% | 0.81% |
| ▁▁▅▇▇▆▆█ | NPA / Assets (%) | 0.25% | 0.23% | 0.36% | 0.41% | 0.41% | 0.39% | 0.38% | 0.46% |
| ▁▁▄▇▇▆▆█ | Net Charge-Off Ratio (%) | 0.66% | 0.70% | 0.98% | 1.36% | 1.39% | 1.25% | 1.23% | 1.50% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $38 | $43 | $40 | $43 | $45 | $48 | $50 | $50 |
| █▆▅▂▁▁▁▃ | Gross Loans ($M) | $124 | $119 | $118 | $113 | $110 | $110 | $111 | $114 |
| ▁▄▁█▇▆▅▆ | Total Deposits ($M) | $280 | $312 | $288 | $344 | $329 | $322 | $313 | $323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 5% |
| Agricultural | 39% |
| Consumer | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |