Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.08 | 0.46% |
| Return on Equity (%) | ▼ | 5.10% | -2.04 | 7.14% |
| Net Interest Margin (%) | ▲ | 3.07% | +0.11 | 2.96% |
| Efficiency Ratio (%) | ▼ | 87.97% | +2.56 | 85.41% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.12 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.26 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $657 | -10.87 | $668 |
| Gross Loans ($M) | ▼ | $429 | -19.20 | $448 |
| Loan Growth YoY (%) | ▼ | 74.27% | -2.37 | 76.64% |
| Total Deposits ($M) | ▼ | $570 | -7.53 | $577 |
| Shareholders Equity ($M) | ▲ | $48 | +3.69 | $45 |
| Tang. Book Value ($M) | ▲ | $48 | +3.69 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +2.85 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 74.27% | -2.37 | 76.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.11 | 0.62% |
| Allowance / Loans (%) | — | 1.26% | 0.07% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +0.19 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.78% | +1.09 | 14.69% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▆▇██ | Net Interest Margin (%) | 2.35% | 2.40% | 2.45% | 2.96% | 2.87% | 2.90% | 3.06% | 3.07% |
| ▁▃▂██▄▅▆ | Return on Assets (%) | 0.14% | 0.24% | 0.21% | 0.46% | 0.47% | 0.28% | 0.34% | 0.38% |
| █▇▆▁▂▃▁▃ | Efficiency Ratio (%) | 94.2% | 92.8% | 91.2% | 85.4% | 87.2% | 87.7% | 85.2% | 88.0% |
| ███▅▅▅▃▁ | Cost of Funds (%) | 1.96% | 1.97% | 1.97% | 1.77% | 1.75% | 1.75% | 1.63% | 1.50% |
| ▄▃▃▂▁█▃▃ | NPA / Assets (%) | 0.79% | 0.74% | 0.78% | 0.62% | 0.48% | 1.28% | 0.73% | 0.73% |
| ▄▃▃▂▁█▃▃ | Net Charge-Off Ratio (%) | 1.18% | 1.10% | 1.15% | 0.92% | 0.73% | 1.93% | 1.12% | 1.12% |
| ▁▆▁▃▃▇██ | Tang. Book Value ($M) | $42 | $47 | $42 | $45 | $44 | $47 | $49 | $48 |
| █▇▆▄▃▂▂▁ | Gross Loans ($M) | $470 | $465 | $455 | $448 | $442 | $437 | $434 | $429 |
| ▆▁▆▄█▂▃▂ | Total Deposits ($M) | $585 | $566 | $584 | $577 | $591 | $570 | $574 | $570 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |