Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.29 | 1.27% |
| Return on Equity (%) | ▲ | 12.90% | +1.87 | 11.03% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.58 | 3.01% |
| Efficiency Ratio (%) | ▲ | 54.98% | -2.37 | 57.35% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.69 | $2 |
| Cost of Funds (%) | ▲ | 1.65% | -0.13 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $546 | +40.08 | $506 |
| Gross Loans ($M) | ▲ | $422 | +26.99 | $395 |
| Loan Growth YoY (%) | ▼ | 88.49% | -0.40 | 88.88% |
| Total Deposits ($M) | ▲ | $471 | +32.45 | $438 |
| Shareholders Equity ($M) | ▲ | $67 | +7.70 | $59 |
| Tang. Book Value ($M) | ▲ | $65 | +7.57 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +8.34 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 88.49% | -0.40 | 88.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.30 | 0.33% |
| Allowance / Loans (%) | — | 1.39% | -0.09% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.38 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.77% | +0.57 | 16.20% |
Noninterest income ($1.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.60% | 2.65% | 2.74% | 3.01% | 3.19% | 3.32% | 3.44% | 3.60% |
| ▁▁▁▆▅▆▆█ | Return on Assets (%) | 0.77% | 0.84% | 0.85% | 1.27% | 1.20% | 1.32% | 1.31% | 1.56% |
| ███▂▃▂▃▁ | Efficiency Ratio (%) | 70.5% | 68.7% | 69.3% | 57.4% | 60.2% | 58.2% | 59.7% | 55.0% |
| ██▆▄▂▂▁▂ | Cost of Funds (%) | 1.95% | 2.00% | 1.87% | 1.78% | 1.64% | 1.66% | 1.56% | 1.65% |
| ██████▁▁ | NPA / Assets (%) | 0.36% | 0.35% | 0.33% | 0.33% | 0.31% | 0.32% | 0.01% | 0.03% |
| ██████▁▁ | Net Charge-Off Ratio (%) | 0.46% | 0.45% | 0.43% | 0.42% | 0.41% | 0.41% | 0.01% | 0.04% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $53 | $56 | $56 | $58 | $59 | $62 | $64 | $65 |
| ▁▂▂▃▃▅██ | Gross Loans ($M) | $386 | $391 | $392 | $395 | $398 | $404 | $419 | $422 |
| ▁▁▂▃▄▃██ | Total Deposits ($M) | $426 | $431 | $435 | $438 | $446 | $439 | $470 | $471 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 3% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |