Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.23 | 1.33% |
| Return on Equity (%) | ▲ | 13.56% | +0.66 | 12.90% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.27 | 3.95% |
| Efficiency Ratio (%) | ▲ | 57.14% | -3.52 | 60.67% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.64 | $3 |
| Cost of Funds (%) | ▲ | 1.57% | -0.16 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $812 | +11.26 | $801 |
| Gross Loans ($M) | ▲ | $642 | +19.65 | $622 |
| Loan Growth YoY (%) | ▲ | 97.01% | +3.18 | 93.83% |
| Total Deposits ($M) | ▼ | $651 | -4.35 | $655 |
| Shareholders Equity ($M) | ▲ | $93 | +9.48 | $84 |
| Tang. Book Value ($M) | ▲ | $91 | +9.60 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +9.56 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 97.01% | +3.18 | 93.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.28% | +1.06 | 0.22% |
| Allowance / Loans (%) | — | 1.68% | 0.44% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 1.62% | +1.34 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.54% | +0.55 | 15.99% |
Noninterest income ($1.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇▇██ | Net Interest Margin (%) | 3.75% | 3.79% | 3.84% | 3.95% | 4.12% | 4.17% | 4.24% | 4.22% |
| ▃▄▄▂▄▆▁█ | Return on Assets (%) | 1.39% | 1.40% | 1.42% | 1.33% | 1.42% | 1.49% | 1.30% | 1.56% |
| ▁▂▄█▅▅▅▅ | Efficiency Ratio (%) | 52.9% | 54.4% | 55.8% | 60.7% | 57.7% | 57.5% | 57.0% | 57.1% |
| ██▇▅▄▅▁▁ | Cost of Funds (%) | 1.85% | 1.86% | 1.80% | 1.73% | 1.68% | 1.73% | 1.60% | 1.57% |
| ▁▁▁▁▁▂██ | NPA / Assets (%) | 0.08% | 0.15% | 0.10% | 0.22% | 0.23% | 0.30% | 1.35% | 1.28% |
| ▁▁▁▁▁▂██ | Net Charge-Off Ratio (%) | 0.11% | 0.20% | 0.13% | 0.28% | 0.29% | 0.38% | 1.70% | 1.62% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $75 | $80 | $78 | $81 | $83 | $89 | $92 | $91 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $600 | $607 | $613 | $622 | $636 | $639 | $643 | $642 |
| ▁▃▂▆█▇▆▆ | Total Deposits ($M) | $613 | $633 | $623 | $655 | $672 | $660 | $654 | $651 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |