Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.20 | 0.85% |
| Return on Equity (%) | ▲ | 9.68% | +1.77 | 7.91% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.11 | 3.57% |
| Efficiency Ratio (%) | ▲ | 62.96% | -7.97 | 70.93% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.27 | $3 |
| Cost of Funds (%) | ▼ | 1.70% | +0.06 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,061 | +96.25 | $965 |
| Gross Loans ($M) | ▲ | $735 | +35.36 | $699 |
| Loan Growth YoY (%) | ▼ | 77.38% | -3.25 | 80.62% |
| Total Deposits ($M) | ▲ | $938 | +82.48 | $856 |
| Shareholders Equity ($M) | ▲ | $118 | +12.73 | $105 |
| Tang. Book Value ($M) | ▲ | $118 | +12.73 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +11.89 | $111 |
| Loan / Deposit Ratio (%) | ▼ | 77.38% | -3.25 | 80.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.64% | -0.11 | 0.75% |
| Allowance / Loans (%) | — | 1.18% | -0.16% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.11 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.22% | +0.67 | 13.56% |
Noninterest income ($1.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▃▁▆█▇▅ | Net Interest Margin (%) | 3.63% | 3.63% | 3.64% | 3.57% | 3.73% | 3.78% | 3.74% | 3.68% |
| ▃▅▆▁▅█▇█ | Return on Assets (%) | 0.92% | 0.95% | 0.98% | 0.85% | 0.96% | 1.04% | 1.00% | 1.04% |
| ▇▆▅█▅▃▂▁ | Efficiency Ratio (%) | 69.4% | 68.3% | 67.2% | 70.9% | 67.8% | 65.9% | 64.5% | 63.0% |
| ▁▅▃▆▆█▄█ | Cost of Funds (%) | 1.49% | 1.61% | 1.55% | 1.64% | 1.65% | 1.71% | 1.60% | 1.70% |
| ▁▅▆▇▅██▅ | NPA / Assets (%) | 0.32% | 0.64% | 0.65% | 0.75% | 0.62% | 0.80% | 0.83% | 0.64% |
| ▁▅▅▆▄▇█▅ | Net Charge-Off Ratio (%) | 0.43% | 0.86% | 0.90% | 1.04% | 0.78% | 1.10% | 1.24% | 0.92% |
| ▅▇▁▂▄▆▇█ | Tang. Book Value ($M) | $110 | $115 | $101 | $105 | $108 | $112 | $115 | $118 |
| ▁▁▃▃████ | Gross Loans ($M) | $687 | $683 | $699 | $699 | $739 | $733 | $739 | $735 |
| ▁▁▃▃▂▄█▇ | Total Deposits ($M) | $800 | $803 | $859 | $856 | $828 | $885 | $978 | $938 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 19% |
| Agricultural | 2% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 12% |