Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.39 | 0.44% |
| Return on Equity (%) | ▲ | 8.39% | +3.82 | 4.57% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.22 | 3.27% |
| Efficiency Ratio (%) | ▲ | 80.26% | -0.95 | 81.20% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 2.24% | -0.24 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $853 | +49.27 | $804 |
| Gross Loans ($M) | ▲ | $691 | +34.68 | $656 |
| Loan Growth YoY (%) | ▲ | 100.53% | +2.12 | 98.41% |
| Total Deposits ($M) | ▲ | $677 | +19.18 | $658 |
| Shareholders Equity ($M) | ▲ | $84 | +6.80 | $78 |
| Tang. Book Value ($M) | ▲ | $73 | +7.11 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +7.45 | $70 |
| Loan / Deposit Ratio (%) | ▲ | 100.53% | +2.12 | 98.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +0.43 | 0.91% |
| Allowance / Loans (%) | — | 1.51% | 0.14% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 1.66% | +0.55 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.63% | +0.25 | 10.38% |
Noninterest income ($8.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▂▇██ | Net Interest Margin (%) | 3.06% | 3.10% | 3.13% | 3.27% | 3.15% | 3.44% | 3.54% | 3.49% |
| ▄▄▄▁▇▆▆█ | Return on Assets (%) | 0.59% | 0.61% | 0.60% | 0.44% | 0.73% | 0.72% | 0.73% | 0.83% |
| ▁▁▁█▇███ | Efficiency Ratio (%) | 71.8% | 71.1% | 71.4% | 81.2% | 79.9% | 80.3% | 80.5% | 80.3% |
| ██▆▃▄▅▄▁ | Cost of Funds (%) | 2.84% | 2.87% | 2.68% | 2.47% | 2.54% | 2.58% | 2.49% | 2.24% |
| ▁▁▁▂█▅▃▄ | NPA / Assets (%) | 0.80% | 0.74% | 0.68% | 0.91% | 2.11% | 1.56% | 1.21% | 1.34% |
| ▁▁▁▂█▅▄▄ | Net Charge-Off Ratio (%) | 0.97% | 0.91% | 0.84% | 1.10% | 2.63% | 1.94% | 1.55% | 1.66% |
| ▁▁▄▅▆▇██ | Tang. Book Value ($M) | $59 | $60 | $65 | $66 | $69 | $71 | $72 | $73 |
| ▁▁▃▅▄▄▅█ | Gross Loans ($M) | $619 | $626 | $644 | $656 | $653 | $654 | $655 | $691 |
| ▁▂▄▄▃▄█▆ | Total Deposits ($M) | $627 | $643 | $657 | $658 | $650 | $658 | $700 | $677 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 26% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 5% |