Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.52 | 0.60% |
| Return on Equity (%) | ▲ | 13.17% | +5.51 | 7.66% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.37 | 4.00% |
| Efficiency Ratio (%) | ▲ | 68.64% | -11.72 | 80.36% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.91 | $1 |
| Cost of Funds (%) | ▲ | 1.08% | -0.19 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $511 | +23.99 | $487 |
| Gross Loans ($M) | ▼ | $342 | -5.52 | $348 |
| Loan Growth YoY (%) | ▼ | 74.75% | -4.98 | 79.73% |
| Total Deposits ($M) | ▲ | $451 | +19.99 | $431 |
| Shareholders Equity ($M) | ▲ | $42 | +3.69 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.65 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +4.01 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 74.75% | -4.98 | 79.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.11 | 0.83% |
| Allowance / Loans (%) | — | 1.45% | 0.31% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +0.22 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.67% | +0.92 | 10.75% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇██ | Net Interest Margin (%) | 3.62% | 3.70% | 3.82% | 4.00% | 4.14% | 4.23% | 4.30% | 4.37% |
| ▂▂▃▁▃▄▅█ | Return on Assets (%) | 0.72% | 0.72% | 0.74% | 0.60% | 0.78% | 0.85% | 0.91% | 1.12% |
| ▆▅▄█▄▃▃▁ | Efficiency Ratio (%) | 77.2% | 75.3% | 74.2% | 80.4% | 73.5% | 72.1% | 71.6% | 68.6% |
| ▆█▆▅▄▅▃▁ | Cost of Funds (%) | 1.34% | 1.43% | 1.32% | 1.27% | 1.25% | 1.28% | 1.19% | 1.08% |
| ▁▃▃▇▇███ | NPA / Assets (%) | 0.34% | 0.49% | 0.50% | 0.83% | 0.81% | 0.94% | 0.89% | 0.94% |
| ▁▃▁▇▆█▇█ | Net Charge-Off Ratio (%) | 0.49% | 0.68% | 0.40% | 1.16% | 1.12% | 1.29% | 1.23% | 1.39% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $35 | $37 | $36 | $37 | $38 | $40 | $41 | $41 |
| ▁▃▄▆█▆▅▄ | Gross Loans ($M) | $331 | $337 | $341 | $348 | $354 | $347 | $345 | $342 |
| ▃▁▁▅▅▃▃█ | Total Deposits ($M) | $421 | $411 | $406 | $431 | $432 | $420 | $421 | $451 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 3% |