Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.83% | +0.31 | 2.53% |
| Return on Equity (%) | ▲ | 26.14% | +4.30 | 21.84% |
| Net Interest Margin (%) | ▼ | 6.48% | -0.53 | 7.02% |
| Efficiency Ratio (%) | ▼ | 60.03% | +1.72 | 58.31% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.19 | $5 |
| Cost of Funds (%) | ▲ | 1.69% | -0.20 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $503 | +46.57 | $457 |
| Gross Loans ($M) | ▲ | $408 | +37.83 | $370 |
| Loan Growth YoY (%) | ▲ | 95.59% | +4.38 | 91.21% |
| Total Deposits ($M) | ▲ | $420 | +20.86 | $399 |
| Shareholders Equity ($M) | ▼ | $51 | -3.97 | $55 |
| Tang. Book Value ($M) | ▼ | $48 | -4.19 | $52 |
| TBV excl. AOCI ($M)** | ▼ | $50 | -4.13 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 95.59% | +4.38 | 91.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.76% | -0.51 | 4.27% |
| Allowance / Loans (%) | — | 1.52% | -0.05% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 4.46% | -0.58 | 5.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.90% | -4.71 | 16.60% |
Noninterest income ($3.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▄▅▆▁ | Net Interest Margin (%) | 7.27% | 7.38% | 7.37% | 7.02% | 6.92% | 6.97% | 7.06% | 6.48% |
| ██▆▁▁▂▃▂ | Return on Assets (%) | 4.14% | 3.96% | 3.70% | 2.53% | 2.63% | 2.92% | 3.07% | 2.83% |
| ▁▃▆▄██▆█ | Efficiency Ratio (%) | 56.8% | 57.9% | 58.9% | 58.3% | 60.1% | 59.8% | 59.3% | 60.0% |
| █▅▃▃▁▁▁▁ | Cost of Funds (%) | 2.26% | 2.02% | 1.89% | 1.90% | 1.73% | 1.75% | 1.69% | 1.69% |
| ▁▄██▆▅▂▅ | NPA / Assets (%) | 2.97% | 3.54% | 4.32% | 4.27% | 3.97% | 3.81% | 3.17% | 3.76% |
| ▁▄██▆▃▂▅ | Net Charge-Off Ratio (%) | 3.48% | 4.19% | 5.08% | 5.04% | 4.51% | 4.02% | 3.71% | 4.46% |
| ▃▂▁█▇▇█▂ | Tang. Book Value ($M) | $49 | $48 | $47 | $52 | $52 | $52 | $53 | $48 |
| ▂▁▁▂▂▃▆█ | Gross Loans ($M) | $366 | $359 | $364 | $370 | $368 | $373 | $392 | $408 |
| ▄▂▁▁▆▅▂█ | Total Deposits ($M) | $410 | $404 | $400 | $399 | $413 | $412 | $402 | $420 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |