Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.21 | 1.39% |
| Return on Equity (%) | ▲ | 14.70% | +1.41 | 13.29% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.20 | 4.35% |
| Efficiency Ratio (%) | ▲ | 66.33% | -3.31 | 69.64% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.75 | $4 |
| Cost of Funds (%) | ▲ | 1.25% | -0.18 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,221 | +34.37 | $1,187 |
| Gross Loans ($M) | ▲ | $979 | +5.61 | $974 |
| Loan Growth YoY (%) | ▼ | 89.71% | -1.69 | 91.40% |
| Total Deposits ($M) | ▲ | $1,080 | +25.19 | $1,055 |
| Shareholders Equity ($M) | ▲ | $133 | +8.69 | $124 |
| Tang. Book Value ($M) | ▲ | $114 | +10.43 | $103 |
| Loan / Deposit Ratio (%) | ▼ | 89.71% | -1.69 | 91.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.06 | 0.33% |
| Allowance / Loans (%) | — | 1.06% | 0.08% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.07 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.53% | +0.92 | 10.62% |
Noninterest income ($1.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.73% | 3.83% | 3.93% | 4.35% | 4.46% | 4.53% | 4.61% | 4.55% |
| ▁▁▁▅▆▆▇█ | Return on Assets (%) | 1.07% | 1.10% | 1.10% | 1.39% | 1.43% | 1.46% | 1.48% | 1.60% |
| ███▅▃▂▁▁ | Efficiency Ratio (%) | 71.6% | 71.8% | 71.5% | 69.6% | 67.9% | 67.2% | 66.7% | 66.3% |
| ▇█▇▄▅▄▂▁ | Cost of Funds (%) | 1.57% | 1.66% | 1.56% | 1.43% | 1.46% | 1.43% | 1.32% | 1.25% |
| ▁▇▆█▆▅▇▆ | NPA / Assets (%) | 0.13% | 0.30% | 0.28% | 0.33% | 0.28% | 0.24% | 0.30% | 0.27% |
| ▁▇▆█▆▅▇▆ | Net Charge-Off Ratio (%) | 0.13% | 0.33% | 0.31% | 0.39% | 0.32% | 0.28% | 0.34% | 0.33% |
| ▁▁▃▄▄▅▇█ | Tang. Book Value ($M) | $96 | $98 | $101 | $103 | $105 | $107 | $111 | $114 |
| ▁▁▃▂▄██▃ | Gross Loans ($M) | $962 | $968 | $982 | $974 | $990 | $1,020 | $1,023 | $979 |
| ▁▁▁▆▄▆▄█ | Total Deposits ($M) | $994 | $1,003 | $1,004 | $1,055 | $1,036 | $1,049 | $1,036 | $1,080 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |