Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.58 | 0.11% |
| Return on Equity (%) | ▲ | 5.17% | +4.46 | 0.71% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.15 | 3.21% |
| Efficiency Ratio (%) | ▲ | 79.26% | -17.47 | 96.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.10 | $0 |
| Cost of Funds (%) | ▼ | 1.70% | +0.20 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $647 | +48.39 | $598 |
| Gross Loans ($M) | ▲ | $338 | +34.82 | $303 |
| Loan Growth YoY (%) | ▼ | 68.79% | -0.61 | 69.41% |
| Total Deposits ($M) | ▲ | $485 | +54.31 | $431 |
| Shareholders Equity ($M) | ▼ | $88 | -4.07 | $92 |
| Tang. Book Value ($M) | ▼ | $83 | -4.07 | $87 |
| TBV excl. AOCI ($M)** | ▼ | $95 | -2.14 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 68.79% | -0.61 | 69.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.08 | 0.11% |
| Allowance / Loans (%) | — | 1.30% | -0.11% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.17 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 26.88% | -5.80 | 32.68% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▃▄▅▅ | Net Interest Margin (%) | 3.42% | 3.45% | 3.43% | 3.21% | 3.29% | 3.31% | 3.34% | 3.36% |
| ▅▆█▁▂▅▆▅ | Return on Assets (%) | 0.63% | 0.75% | 1.08% | 0.11% | 0.31% | 0.64% | 0.81% | 0.69% |
| ▃▂▁█▇▃▂▄ | Efficiency Ratio (%) | 75.9% | 71.6% | 64.5% | 96.7% | 89.4% | 76.6% | 71.9% | 79.3% |
| ▁▁▄▄██▇▇ | Cost of Funds (%) | 1.21% | 1.27% | 1.46% | 1.49% | 1.80% | 1.77% | 1.71% | 1.70% |
| ▁▄▄▆█▂▄▂ | NPA / Assets (%) | 0.00% | 0.07% | 0.06% | 0.11% | 0.16% | 0.03% | 0.06% | 0.03% |
| ▁▄▄▆█▂▄▂ | Net Charge-Off Ratio (%) | 0.00% | 0.13% | 0.12% | 0.22% | 0.31% | 0.06% | 0.12% | 0.05% |
| ▁▆▅▅▃█▁▁ | Tang. Book Value ($M) | $83 | $88 | $87 | $87 | $86 | $91 | $83 | $83 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $282 | $290 | $303 | $303 | $315 | $320 | $334 | $338 |
| ▁▁▃▅▆███ | Total Deposits ($M) | $363 | $363 | $397 | $431 | $459 | $482 | $497 | $485 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |