Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.14 | 0.89% |
| Return on Equity (%) | ▼ | 12.20% | -0.45 | 12.65% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.40 | 3.20% |
| Efficiency Ratio (%) | ▲ | 70.64% | -0.44 | 71.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▲ | 1.33% | -0.24 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $410 | -1.73 | $412 |
| Gross Loans ($M) | ▲ | $248 | +1.37 | $247 |
| Loan Growth YoY (%) | ▲ | 67.44% | +0.26 | 67.19% |
| Total Deposits ($M) | ▲ | $364 | +0.68 | $364 |
| Shareholders Equity ($M) | ▲ | $34 | +4.48 | $30 |
| Tang. Book Value ($M) | ▲ | $27 | +4.57 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +3.72 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 67.44% | +0.26 | 67.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.15 | 0.15% |
| Allowance / Loans (%) | — | 1.01% | -0.02% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.24 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.65% | +0.67 | 12.98% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 2.58% | 2.65% | 2.75% | 3.20% | 3.35% | 3.41% | 3.48% | 3.60% |
| ▁▂▂▅███▇ | Return on Assets (%) | 0.57% | 0.67% | 0.64% | 0.89% | 1.15% | 1.12% | 1.17% | 1.03% |
| █▆█▆▁▂▂▅ | Efficiency Ratio (%) | 73.2% | 71.2% | 73.7% | 71.1% | 65.7% | 66.8% | 67.2% | 70.6% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 1.83% | 1.85% | 1.75% | 1.57% | 1.56% | 1.56% | 1.45% | 1.33% |
| █▁▁▂▇▃▃▇ | NPA / Assets (%) | 0.33% | 0.09% | 0.09% | 0.15% | 0.28% | 0.17% | 0.16% | 0.30% |
| █▁▁▂▆▃▃▇ | Net Charge-Off Ratio (%) | 0.57% | 0.17% | 0.15% | 0.25% | 0.46% | 0.28% | 0.26% | 0.49% |
| ▁▅▂▄▅███ | Tang. Book Value ($M) | $18 | $23 | $20 | $22 | $23 | $27 | $27 | $27 |
| ▁▂▄▆▇██▆ | Gross Loans ($M) | $232 | $236 | $243 | $247 | $250 | $255 | $253 | $248 |
| ▃▅▁▆▇█▃▆ | Total Deposits ($M) | $358 | $361 | $353 | $364 | $367 | $370 | $358 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 8% |
| Agricultural | 14% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 3% |