Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.26 | 1.49% |
| Return on Equity (%) | ▲ | 17.62% | +2.34 | 15.28% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.32 | 3.49% |
| Efficiency Ratio (%) | ▲ | 53.41% | -3.90 | 57.31% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.59 | $2 |
| Cost of Funds (%) | ▲ | 1.88% | -0.01 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $544 | +25.23 | $518 |
| Gross Loans ($M) | ▲ | $477 | +26.16 | $451 |
| Loan Growth YoY (%) | ▲ | 103.19% | +1.71 | 101.49% |
| Total Deposits ($M) | ▲ | $457 | +17.68 | $439 |
| Shareholders Equity ($M) | ▲ | $54 | +4.46 | $50 |
| Tang. Book Value ($M) | ▲ | $51 | +4.55 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 103.19% | +1.71 | 101.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.07 | 0.28% |
| Allowance / Loans (%) | — | 1.14% | 0.03% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.05 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.23% | +0.34 | 10.89% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 3.04% | 3.06% | 3.09% | 3.49% | 3.56% | 3.61% | 3.64% | 3.81% |
| ▁▁▁▅▆▆▅█ | Return on Assets (%) | 1.11% | 1.11% | 1.06% | 1.49% | 1.52% | 1.55% | 1.49% | 1.75% |
| ▇▇█▃▃▂▃▁ | Efficiency Ratio (%) | 62.5% | 62.8% | 64.8% | 57.3% | 56.4% | 55.7% | 57.2% | 53.4% |
| ▅▇█▁▁▁▁▁ | Cost of Funds (%) | 2.17% | 2.31% | 2.46% | 1.89% | 1.92% | 1.93% | 1.92% | 1.88% |
| ▁▇▇▇████ | NPA / Assets (%) | 0.02% | 0.32% | 0.28% | 0.28% | 0.34% | 0.35% | 0.34% | 0.36% |
| ▁█▇▇████ | Net Charge-Off Ratio (%) | 0.03% | 0.38% | 0.31% | 0.33% | 0.38% | 0.40% | 0.39% | 0.37% |
| ▁▂▁▃▅▇██ | Tang. Book Value ($M) | $44 | $46 | $45 | $47 | $48 | $50 | $51 | $51 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $432 | $430 | $441 | $451 | $461 | $468 | $474 | $477 |
| ▂▃▁▆▄▆██ | Total Deposits ($M) | $416 | $424 | $409 | $439 | $431 | $445 | $453 | $457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |