Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.54% | +1.94 | 1.60% |
| Return on Equity (%) | ▲ | 51.18% | +26.04 | 25.14% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.14 | 3.46% |
| Efficiency Ratio (%) | ▲ | 38.40% | -20.45 | 58.85% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.99 | $2 |
| Cost of Funds (%) | ▲ | 1.45% | -0.39 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $548 | +23.94 | $524 |
| Gross Loans ($M) | ▲ | $265 | +9.88 | $255 |
| Loan Growth YoY (%) | ▼ | 51.64% | -1.28 | 52.92% |
| Total Deposits ($M) | ▲ | $505 | +28.35 | $476 |
| Shareholders Equity ($M) | ▲ | $40 | +5.36 | $35 |
| Tang. Book Value ($M) | ▲ | $30 | +5.42 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +4.91 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 51.64% | -1.28 | 52.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.05 | 0.91% |
| Allowance / Loans (%) | — | 1.64% | 0.46% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.05 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.22% | +0.27 | 14.95% |
Noninterest income ($4.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▁▂▁▁▅ | Net Interest Margin (%) | 3.72% | 3.67% | 3.59% | 3.46% | 3.50% | 3.46% | 3.47% | 3.60% |
| ▂▂▂▁▁▁▁█ | Return on Assets (%) | 1.96% | 1.93% | 1.90% | 1.60% | 1.49% | 1.50% | 1.63% | 3.54% |
| ▆▇▇▇██▇▁ | Efficiency Ratio (%) | 55.6% | 56.1% | 57.2% | 58.9% | 61.9% | 60.6% | 56.9% | 38.4% |
| ▇██▇▆▅▃▁ | Cost of Funds (%) | 1.84% | 1.93% | 1.96% | 1.84% | 1.79% | 1.72% | 1.63% | 1.45% |
| ▆▄▃▁▁██▂ | NPA / Assets (%) | 1.11% | 1.02% | 0.99% | 0.91% | 0.90% | 1.16% | 1.19% | 0.96% |
| ██▇▁▁▂▃▁ | Net Charge-Off Ratio (%) | 2.30% | 2.06% | 1.91% | 0.31% | 0.28% | 0.65% | 0.79% | 0.26% |
| ▁▂▁▃▃▅▅█ | Tang. Book Value ($M) | $23 | $25 | $23 | $25 | $25 | $27 | $27 | $30 |
| ▁▃█▃▃▅█▇ | Gross Loans ($M) | $248 | $254 | $270 | $255 | $255 | $261 | $269 | $265 |
| ▁▁▃▄▅▇█▇ | Total Deposits ($M) | $438 | $438 | $458 | $476 | $484 | $503 | $517 | $505 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 6% |
| Agricultural | 35% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 21% |