Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -0.16 | 1.93% |
| Return on Equity (%) | ▼ | 16.49% | -1.49 | 17.98% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.08 | 3.42% |
| Efficiency Ratio (%) | ▼ | 66.35% | +2.02 | 64.33% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.33 | $5 |
| Cost of Funds (%) | ▲ | 1.83% | -0.10 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,177 | +123.19 | $1,054 |
| Gross Loans ($M) | ▲ | $862 | +22.24 | $840 |
| Loan Growth YoY (%) | ▼ | 87.64% | -7.89 | 95.53% |
| Total Deposits ($M) | ▲ | $977 | +103.81 | $873 |
| Shareholders Equity ($M) | ▲ | $126 | +11.16 | $115 |
| Tang. Book Value ($M) | ▲ | $121 | +11.69 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +11.89 | $112 |
| Loan / Deposit Ratio (%) | ▼ | 87.64% | -7.89 | 95.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.12 | 0.51% |
| Allowance / Loans (%) | — | 0.70% | 0.00% | 0.69% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.03 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇██▅ | Net Interest Margin (%) | 3.25% | 3.29% | 3.34% | 3.42% | 3.61% | 3.68% | 3.66% | 3.50% |
| ▁▂▂█▇█▆▆ | Return on Assets (%) | 1.33% | 1.46% | 1.41% | 1.93% | 1.81% | 1.86% | 1.74% | 1.77% |
| █▆█▁▃▂▅▃ | Efficiency Ratio (%) | 71.3% | 69.4% | 70.8% | 64.3% | 66.9% | 65.9% | 68.0% | 66.4% |
| ▇█▆▂▂▂▁▁ | Cost of Funds (%) | 2.24% | 2.33% | 2.20% | 1.94% | 1.92% | 1.90% | 1.82% | 1.83% |
| ▁▁▁▄▄██▆ | NPA / Assets (%) | 0.32% | 0.36% | 0.37% | 0.51% | 0.50% | 0.73% | 0.70% | 0.62% |
| ▂▃▂▆▁██▇ | Net Charge-Off Ratio (%) | 0.39% | 0.43% | 0.39% | 0.58% | 0.33% | 0.66% | 0.68% | 0.61% |
| ▁▂▃▄▄▅▇█ | Tang. Book Value ($M) | $98 | $102 | $104 | $110 | $108 | $112 | $117 | $121 |
| ▁▅▅▁▂▅█▆ | Gross Loans ($M) | $842 | $858 | $858 | $840 | $846 | $858 | $870 | $862 |
| ▁▂▂▃▁▁▆█ | Total Deposits ($M) | $832 | $844 | $862 | $873 | $824 | $841 | $926 | $977 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 4% |
| Agricultural | 20% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |