Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.30 | 0.82% |
| Return on Equity (%) | ▲ | 8.60% | +1.41 | 7.19% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.51 | 3.62% |
| Efficiency Ratio (%) | ▲ | 67.16% | -5.09 | 72.25% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.34 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $602 | -2.83 | $604 |
| Gross Loans ($M) | ▲ | $370 | +21.13 | $349 |
| Loan Growth YoY (%) | ▲ | 70.09% | +5.45 | 64.64% |
| Total Deposits ($M) | ▼ | $520 | -11.57 | $532 |
| Shareholders Equity ($M) | ▲ | $79 | +8.42 | $70 |
| Tang. Book Value ($M) | ▲ | $77 | +8.42 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +7.86 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 70.09% | +5.45 | 64.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.13 | 0.23% |
| Allowance / Loans (%) | — | 1.50% | -0.01% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.00 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.23% | 3.28% | 3.37% | 3.62% | 3.78% | 3.86% | 3.91% | 4.14% |
| ▁▁▁▄▆▇██ | Return on Assets (%) | 0.54% | 0.52% | 0.54% | 0.82% | 0.93% | 1.03% | 1.06% | 1.12% |
| ███▄▃▂▁▁ | Efficiency Ratio (%) | 79.0% | 78.4% | 78.8% | 72.3% | 70.8% | 69.2% | 67.2% | 67.2% |
| ▆▇█▆▃▃▃▁ | Cost of Funds (%) | 1.81% | 1.92% | 1.99% | 1.82% | 1.62% | 1.61% | 1.65% | 1.47% |
| ▇▆▅▅█▃▂▁ | NPA / Assets (%) | 0.30% | 0.26% | 0.23% | 0.23% | 0.33% | 0.19% | 0.15% | 0.10% |
| █▂▁▂▆▅▄▂ | Net Charge-Off Ratio (%) | 0.46% | 0.17% | 0.11% | 0.17% | 0.34% | 0.30% | 0.25% | 0.16% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $64 | $70 | $66 | $69 | $70 | $75 | $77 | $77 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $332 | $340 | $346 | $349 | $351 | $359 | $365 | $370 |
| ▄▁██▆▅▇▅ | Total Deposits ($M) | $517 | $505 | $530 | $532 | $524 | $522 | $526 | $520 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 6% |
| Agricultural | 5% |
| Consumer | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |