Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.55 | 1.06% |
| Return on Equity (%) | ▲ | 15.47% | +4.66 | 10.81% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.50 | 3.33% |
| Efficiency Ratio (%) | ▲ | 50.05% | -6.84 | 56.89% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.22 | $6 |
| Cost of Funds (%) | ▲ | 1.42% | -0.23 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,573 | +41.95 | $1,531 |
| Gross Loans ($M) | ▲ | $1,053 | +25.99 | $1,027 |
| Loan Growth YoY (%) | ▼ | 80.05% | -0.26 | 80.31% |
| Total Deposits ($M) | ▲ | $1,300 | +35.32 | $1,265 |
| Shareholders Equity ($M) | ▲ | $163 | +10.31 | $152 |
| Tang. Book Value ($M) | ▲ | $158 | +11.66 | $146 |
| TBV excl. AOCI ($M)** | ▲ | $175 | +11.23 | $163 |
| Loan / Deposit Ratio (%) | ▼ | 80.05% | -0.26 | 80.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.27% | 0.00 | 0.27% |
| Allowance / Loans (%) | — | 1.13% | 0.07% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.03 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.93% | 3.00% | 3.07% | 3.33% | 3.44% | 3.56% | 3.65% | 3.83% |
| ▁▁▁▂▄▆▆█ | Return on Assets (%) | 0.92% | 0.97% | 0.98% | 1.06% | 1.26% | 1.39% | 1.39% | 1.61% |
| ███▅▄▃▂▁ | Efficiency Ratio (%) | 62.0% | 60.9% | 60.5% | 56.9% | 54.6% | 53.1% | 52.0% | 50.0% |
| ▇█▇▅▅▅▃▁ | Cost of Funds (%) | 1.75% | 1.81% | 1.72% | 1.65% | 1.65% | 1.62% | 1.54% | 1.42% |
| ▆▄▅▅▁█▄▅ | NPA / Assets (%) | 0.28% | 0.26% | 0.27% | 0.27% | 0.22% | 0.31% | 0.26% | 0.27% |
| ▆▄▅▃▁█▄▅ | Net Charge-Off Ratio (%) | 0.42% | 0.39% | 0.41% | 0.37% | 0.33% | 0.46% | 0.39% | 0.40% |
| ▁▄▃▅▇███ | Tang. Book Value ($M) | $127 | $140 | $138 | $146 | $151 | $157 | $158 | $158 |
| ▁▁▃▅▇███ | Gross Loans ($M) | $996 | $988 | $1,012 | $1,027 | $1,044 | $1,056 | $1,058 | $1,053 |
| ▅▁▂▄▅▅▇█ | Total Deposits ($M) | $1,267 | $1,232 | $1,249 | $1,265 | $1,274 | $1,266 | $1,285 | $1,300 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |