Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -0.09 | 1.38% |
| Return on Equity (%) | ▼ | 15.04% | -0.86 | 15.90% |
| Net Interest Margin (%) | ▼ | 3.91% | -0.11 | 4.02% |
| Efficiency Ratio (%) | ▼ | 61.21% | +0.29 | 60.92% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.36 | $5 |
| Cost of Funds (%) | ▼ | 1.76% | +0.18 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,135 | +108.60 | $1,026 |
| Gross Loans ($M) | ▲ | $974 | +104.38 | $870 |
| Loan Growth YoY (%) | ▲ | 98.12% | +3.36 | 94.76% |
| Total Deposits ($M) | ▲ | $980 | +73.32 | $907 |
| Shareholders Equity ($M) | ▲ | $99 | +8.11 | $91 |
| Tang. Book Value ($M) | ▲ | $96 | +8.11 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +8.43 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 98.12% | +3.36 | 94.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.11% | -0.37 | 1.48% |
| Allowance / Loans (%) | — | 1.33% | 0.07% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.66 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇██▂ | Net Interest Margin (%) | 3.83% | 3.89% | 3.97% | 4.02% | 4.10% | 4.14% | 4.11% | 3.91% |
| ▁▃▆█▁▄▇▆ | Return on Assets (%) | 1.11% | 1.19% | 1.28% | 1.38% | 1.13% | 1.23% | 1.31% | 1.28% |
| █▇▅█▃▁▁█ | Efficiency Ratio (%) | 61.2% | 60.5% | 59.7% | 60.9% | 59.0% | 58.2% | 57.9% | 61.2% |
| █▅▁▁▃▄▇▇ | Cost of Funds (%) | 1.79% | 1.70% | 1.60% | 1.58% | 1.65% | 1.68% | 1.75% | 1.76% |
| ▁▅▆█▆▇▆▁ | NPA / Assets (%) | 1.16% | 1.33% | 1.35% | 1.48% | 1.35% | 1.40% | 1.36% | 1.11% |
| ▄▇▇█▆▇▄▁ | Net Charge-Off Ratio (%) | 0.93% | 1.15% | 1.16% | 1.31% | 1.06% | 1.15% | 0.95% | 0.65% |
| ▁▄▁▄▄▇▆█ | Tang. Book Value ($M) | $82 | $88 | $83 | $88 | $89 | $94 | $91 | $96 |
| ▁▃▃▄▅███ | Gross Loans ($M) | $804 | $852 | $865 | $870 | $890 | $956 | $965 | $974 |
| ▂▅▄▄▁▆▆█ | Total Deposits ($M) | $878 | $921 | $907 | $907 | $861 | $937 | $944 | $980 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 16% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |