Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.02 | 1.64% |
| Return on Equity (%) | ▼ | 19.59% | -0.11 | 19.70% |
| Net Interest Margin (%) | ▼ | 4.17% | -0.21 | 4.38% |
| Efficiency Ratio (%) | ▼ | 53.95% | +1.44 | 52.50% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.59 | $4 |
| Cost of Funds (%) | ▼ | 1.98% | +0.05 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $775 | +98.12 | $677 |
| Gross Loans ($M) | ▲ | $620 | +50.26 | $570 |
| Loan Growth YoY (%) | ▼ | 88.72% | -4.32 | 93.04% |
| Total Deposits ($M) | ▲ | $687 | +85.23 | $602 |
| Shareholders Equity ($M) | ▲ | $66 | +9.17 | $56 |
| Tang. Book Value ($M) | ▲ | $64 | +9.37 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +10.77 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 88.72% | -4.32 | 93.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.26 | 0.05% |
| Allowance / Loans (%) | — | 1.63% | -0.03% | 1.67% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.33 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.14% | +0.69 | 10.45% |
Noninterest income ($1.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇███▂ | Net Interest Margin (%) | 4.13% | 4.18% | 4.23% | 4.38% | 4.40% | 4.42% | 4.41% | 4.17% |
| ▁▂▁███▆█ | Return on Assets (%) | 1.46% | 1.50% | 1.48% | 1.64% | 1.63% | 1.64% | 1.59% | 1.62% |
| ▇▆█▁▂▁▄▄ | Efficiency Ratio (%) | 55.5% | 55.0% | 56.3% | 52.5% | 53.0% | 52.5% | 54.2% | 53.9% |
| ▄▇▃▁█▄▄▃ | Cost of Funds (%) | 2.01% | 2.08% | 1.98% | 1.93% | 2.12% | 2.02% | 2.02% | 1.98% |
| ▁▅▁▁▁█▁▆ | NPA / Assets (%) | 0.05% | 0.27% | 0.00% | 0.05% | 0.04% | 0.43% | 0.05% | 0.31% |
| ▁▅▁▁▁█▁▆ | Net Charge-Off Ratio (%) | 0.06% | 0.33% | 0.00% | 0.06% | 0.05% | 0.53% | 0.07% | 0.38% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $51 | $51 | $53 | $55 | $58 | $61 | $61 | $64 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $526 | $531 | $546 | $570 | $587 | $599 | $620 | $620 |
| ▁▁▁▂▄▅██ | Total Deposits ($M) | $582 | $575 | $582 | $602 | $623 | $641 | $690 | $687 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 11% |