Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.25 | 1.05% |
| Return on Equity (%) | ▲ | 16.63% | +2.21 | 14.42% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.15 | 3.31% |
| Efficiency Ratio (%) | ▲ | 55.21% | -5.41 | 60.62% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.92 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.08 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $766 | +57.37 | $709 |
| Gross Loans ($M) | ▲ | $505 | +25.28 | $480 |
| Loan Growth YoY (%) | ▼ | 70.68% | -1.75 | 72.43% |
| Total Deposits ($M) | ▲ | $702 | +50.96 | $651 |
| Shareholders Equity ($M) | ▲ | $59 | +6.53 | $53 |
| Tang. Book Value ($M) | ▲ | $58 | +7.50 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +7.90 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 70.68% | -1.75 | 72.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.32 | 0.18% |
| Allowance / Loans (%) | — | 1.75% | 0.04% | 1.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.52 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.26% | +0.57 | 11.69% |
Noninterest income ($1.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆███ | Net Interest Margin (%) | 3.16% | 3.17% | 3.21% | 3.31% | 3.38% | 3.44% | 3.47% | 3.46% |
| ▁▁▁▄▄▃▃█ | Return on Assets (%) | 0.88% | 0.84% | 0.83% | 1.05% | 1.04% | 1.01% | 0.97% | 1.31% |
| ███▄▄▅▅▁ | Efficiency Ratio (%) | 65.7% | 66.6% | 66.6% | 60.6% | 60.7% | 61.2% | 62.0% | 55.2% |
| ██▆▃▃▆▃▁ | Cost of Funds (%) | 2.09% | 2.12% | 2.04% | 1.91% | 1.93% | 2.02% | 1.93% | 1.82% |
| ▁▂▁▁▁▁▁█ | NPA / Assets (%) | 0.20% | 0.24% | 0.17% | 0.18% | 0.20% | 0.17% | 0.16% | 0.50% |
| ▁▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.17% | 0.24% | 0.13% | 0.16% | 0.18% | 0.16% | 0.16% | 0.67% |
| ▁▃▂▄▅███ | Tang. Book Value ($M) | $43 | $48 | $46 | $50 | $52 | $56 | $58 | $58 |
| ▁▁▂▁▄▆█▇ | Gross Loans ($M) | $477 | $478 | $483 | $480 | $490 | $500 | $512 | $505 |
| ▁▁▃▄▅▆▇█ | Total Deposits ($M) | $607 | $603 | $637 | $651 | $662 | $666 | $687 | $702 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |