Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.46 | 1.62% |
| Return on Equity (%) | ▼ | 10.57% | -4.32 | 14.89% |
| Net Interest Margin (%) | ▲ | 3.17% | +0.34 | 2.82% |
| Efficiency Ratio (%) | ▼ | 60.06% | +14.73 | 45.33% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.17 | $5 |
| Cost of Funds (%) | ▲ | 1.75% | -0.43 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,160 | +176.14 | $983 |
| Gross Loans ($M) | ▲ | $628 | +92.31 | $536 |
| Loan Growth YoY (%) | ▼ | 60.61% | -0.36 | 60.98% |
| Total Deposits ($M) | ▲ | $1,027 | +157.55 | $870 |
| Shareholders Equity ($M) | ▲ | $125 | +18.94 | $106 |
| Tang. Book Value ($M) | ▲ | $104 | +15.31 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +15.26 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 60.61% | -0.36 | 60.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.07 | 0.43% |
| Allowance / Loans (%) | — | 0.83% | -0.15% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.05 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▅▇█ | Net Interest Margin (%) | 2.80% | 2.79% | 2.77% | 2.82% | 2.97% | 2.99% | 3.07% | 3.17% |
| ▃▂▁█▄▃▁▃ | Return on Assets (%) | 1.17% | 1.11% | 0.94% | 1.62% | 1.28% | 1.18% | 0.99% | 1.16% |
| ▆▆█▁▃▅█▇ | Efficiency Ratio (%) | 56.7% | 57.4% | 63.1% | 45.3% | 51.5% | 54.7% | 62.2% | 60.1% |
| ▇█▆▅▄▆▂▁ | Cost of Funds (%) | 2.41% | 2.50% | 2.28% | 2.18% | 2.09% | 2.22% | 1.91% | 1.75% |
| ▁▂█▆▃▂▃█ | NPA / Assets (%) | 0.22% | 0.26% | 0.54% | 0.43% | 0.30% | 0.27% | 0.33% | 0.50% |
| ▁▂█▆▃▁▂▆ | Net Charge-Off Ratio (%) | 0.35% | 0.44% | 0.97% | 0.75% | 0.53% | 0.39% | 0.50% | 0.80% |
| ▁▃▂▃▃▄██ | Tang. Book Value ($M) | $83 | $89 | $87 | $89 | $89 | $92 | $103 | $104 |
| ▂▁▁▂▂▃▇█ | Gross Loans ($M) | $528 | $523 | $512 | $536 | $532 | $544 | $602 | $628 |
| ▁▁▂▂▂▂▇█ | Total Deposits ($M) | $820 | $819 | $849 | $870 | $858 | $857 | $991 | $1,027 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Agricultural | 7% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 13% |