Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.03 | 0.72% |
| Return on Equity (%) | ▼ | 8.19% | -0.90 | 9.09% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.12 | 3.26% |
| Efficiency Ratio (%) | ▲ | 69.28% | -1.60 | 70.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.36 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $524 | +4.56 | $519 |
| Gross Loans ($M) | ▼ | $391 | -10.72 | $401 |
| Loan Growth YoY (%) | ▼ | 86.12% | -3.34 | 89.46% |
| Total Deposits ($M) | ▲ | $448 | +4.85 | $443 |
| Shareholders Equity ($M) | ▲ | $48 | +5.26 | $42 |
| Tang. Book Value ($M) | ▲ | $44 | +5.26 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +5.36 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 86.12% | -3.34 | 89.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.03 | 0.17% |
| Allowance / Loans (%) | — | 1.32% | 0.01% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.03 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.90% | +1.21 | 11.68% |
Noninterest income ($0.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▆▆▇█ | Net Interest Margin (%) | 2.71% | 2.73% | 2.77% | 3.26% | 3.17% | 3.20% | 3.24% | 3.37% |
| ▁▁▁█████ | Return on Assets (%) | 0.09% | 0.17% | 0.13% | 0.72% | 0.72% | 0.70% | 0.76% | 0.74% |
| █▇█▁▁▂▂▁ | Efficiency Ratio (%) | 93.8% | 90.4% | 92.1% | 70.9% | 71.8% | 72.4% | 72.5% | 69.3% |
| ▆█▇▆▅▅▃▁ | Cost of Funds (%) | 2.28% | 2.43% | 2.32% | 2.22% | 2.19% | 2.21% | 2.04% | 1.86% |
| ██▁▂▁▃▁▁ | NPA / Assets (%) | 0.33% | 0.31% | 0.16% | 0.17% | 0.15% | 0.19% | 0.14% | 0.14% |
| ▃▁▆▆▄█▄▄ | Net Charge-Off Ratio (%) | 0.17% | 0.14% | 0.21% | 0.22% | 0.19% | 0.24% | 0.18% | 0.19% |
| ▁▃▁▃▄▆██ | Tang. Book Value ($M) | $36 | $39 | $37 | $38 | $39 | $42 | $44 | $44 |
| █▆█▄▇▄▂▁ | Gross Loans ($M) | $413 | $408 | $413 | $401 | $409 | $401 | $396 | $391 |
| ▆▃█▂▂▁▃▄ | Total Deposits ($M) | $454 | $445 | $461 | $443 | $442 | $437 | $446 | $448 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 6% |
| Agricultural | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |