Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.31 | 0.16% |
| Return on Equity (%) | ▲ | 4.71% | +2.89 | 1.82% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.31 | 3.13% |
| Efficiency Ratio (%) | ▲ | 87.99% | -7.75 | 95.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.41 | $0 |
| Cost of Funds (%) | ▲ | 1.12% | -0.16 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $550 | -22.79 | $573 |
| Gross Loans ($M) | ▼ | $353 | -14.55 | $368 |
| Loan Growth YoY (%) | ▲ | 73.07% | +2.15 | 70.92% |
| Total Deposits ($M) | ▼ | $478 | -33.77 | $512 |
| Shareholders Equity ($M) | ▲ | $55 | +5.86 | $49 |
| Tang. Book Value ($M) | ▲ | $46 | +5.98 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +5.48 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 73.07% | +2.15 | 70.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.03 | 0.14% |
| Allowance / Loans (%) | — | 1.17% | -0.20% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.03 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.43% | +1.58 | 12.85% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.88% | 2.90% | 2.98% | 3.13% | 3.25% | 3.30% | 3.35% | 3.44% |
| ▅▃▄▁█▇█▆ | Return on Assets (%) | 0.40% | 0.29% | 0.33% | 0.16% | 0.55% | 0.52% | 0.58% | 0.47% |
| ▆█▇▇▂▂▁▁ | Efficiency Ratio (%) | 95.4% | 98.4% | 95.8% | 95.7% | 89.8% | 89.2% | 87.3% | 88.0% |
| ██▇▃▅▄▂▁ | Cost of Funds (%) | 1.59% | 1.55% | 1.48% | 1.28% | 1.37% | 1.30% | 1.21% | 1.12% |
| █▁▁▂▁▁▁▁ | NPA / Assets (%) | 0.62% | 0.08% | 0.09% | 0.14% | 0.07% | 0.10% | 0.12% | 0.12% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.97% | 0.13% | 0.13% | 0.21% | 0.11% | 0.16% | 0.18% | 0.18% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $37 | $41 | $38 | $40 | $42 | $45 | $46 | $46 |
| ▄▁▅█▂▁▂▂ | Gross Loans ($M) | $356 | $349 | $358 | $368 | $352 | $348 | $353 | $353 |
| ▅▅▃█▃▁▁▁ | Total Deposits ($M) | $495 | $497 | $487 | $512 | $489 | $480 | $480 | $478 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 6% |
| Agricultural | 15% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 3% |