Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.06 | 1.46% |
| Return on Equity (%) | ▼ | 15.56% | -0.79 | 16.35% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.09 | 4.02% |
| Efficiency Ratio (%) | ▲ | 55.06% | -0.47 | 55.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.26 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.21 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $442 | +34.03 | $408 |
| Gross Loans ($M) | ▲ | $218 | +9.16 | $209 |
| Loan Growth YoY (%) | ▼ | 54.15% | -1.90 | 56.04% |
| Total Deposits ($M) | ▲ | $394 | +28.78 | $365 |
| Shareholders Equity ($M) | ▲ | $42 | +5.27 | $37 |
| Tang. Book Value ($M) | ▲ | $42 | +5.27 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +6.13 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 54.15% | -1.90 | 56.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.51 | 0.38% |
| Allowance / Loans (%) | — | 2.10% | 0.16% | 1.94% |
| Net Charge-Off Ratio (%) | ▼ | 1.82% | +1.07 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.48% | +0.94 | 19.53% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▂▅▆█▅ | Net Interest Margin (%) | 3.98% | 4.02% | 4.08% | 4.02% | 4.12% | 4.16% | 4.23% | 4.11% |
| ▂▄▁▆██▆█ | Return on Assets (%) | 1.38% | 1.43% | 1.35% | 1.46% | 1.51% | 1.50% | 1.46% | 1.51% |
| █▇▆▄▂▁▁▄ | Efficiency Ratio (%) | 58.2% | 57.1% | 56.7% | 55.5% | 53.7% | 53.3% | 53.0% | 55.1% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 1.78% | 1.83% | 1.73% | 1.61% | 1.58% | 1.59% | 1.55% | 1.40% |
| ▂▂▁▁▁▁▁█ | NPA / Assets (%) | 0.43% | 0.42% | 0.38% | 0.38% | 0.40% | 0.33% | 0.36% | 0.90% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.75% | 0.75% | 0.71% | 0.75% | 0.78% | 0.66% | 0.68% | 1.82% |
| ▁▄▁▃▄█▇█ | Tang. Book Value ($M) | $34 | $38 | $34 | $36 | $38 | $41 | $41 | $42 |
| ▃▅▂▁▃▆█▇ | Gross Loans ($M) | $213 | $216 | $211 | $209 | $212 | $217 | $220 | $218 |
| ▁▁▃▅▆▆▅█ | Total Deposits ($M) | $336 | $340 | $356 | $365 | $374 | $380 | $370 | $394 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 6% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |