Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.24 | 0.68% |
| Return on Equity (%) | ▼ | 13.80% | -0.56 | 14.36% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.32 | 2.87% |
| Efficiency Ratio (%) | ▲ | 68.27% | -4.17 | 72.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.31 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $395 | +1.86 | $394 |
| Gross Loans ($M) | ▲ | $218 | +0.64 | $217 |
| Loan Growth YoY (%) | ▲ | 64.04% | +0.91 | 63.14% |
| Total Deposits ($M) | ▼ | $336 | -4.91 | $341 |
| Shareholders Equity ($M) | ▲ | $25 | +5.46 | $20 |
| Tang. Book Value ($M) | ▲ | $25 | +5.56 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +4.99 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 64.04% | +0.91 | 63.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.00 | 0.43% |
| Allowance / Loans (%) | — | 1.43% | 0.31% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.73% | -0.05 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.41% | +0.35 | 16.06% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 2.47% | 2.46% | 2.52% | 2.87% | 2.91% | 2.96% | 3.01% | 3.19% |
| ▂▁▁▂▄▅██ | Return on Assets (%) | 0.68% | 0.64% | 0.65% | 0.68% | 0.79% | 0.81% | 0.95% | 0.92% |
| ███▇▅▃▁▃ | Efficiency Ratio (%) | 73.4% | 74.1% | 73.9% | 72.4% | 70.6% | 68.8% | 66.3% | 68.3% |
| ▇█▇▅▅▄▂▁ | Cost of Funds (%) | 1.85% | 1.98% | 1.85% | 1.73% | 1.77% | 1.68% | 1.54% | 1.42% |
| ▂▁▁█▂▂▂█ | NPA / Assets (%) | 0.29% | 0.25% | 0.27% | 0.43% | 0.28% | 0.29% | 0.28% | 0.44% |
| ▃▁▂█▂▂▁▇ | Net Charge-Off Ratio (%) | 0.56% | 0.48% | 0.50% | 0.78% | 0.50% | 0.53% | 0.45% | 0.73% |
| ▁▅▂▃▅▇█▇ | Tang. Book Value ($M) | $15 | $22 | $17 | $19 | $21 | $25 | $27 | $25 |
| ▁▁▄▆▆▄█▆ | Gross Loans ($M) | $207 | $207 | $215 | $217 | $218 | $213 | $223 | $218 |
| ▁▄█▄▂▁▃▃ | Total Deposits ($M) | $329 | $341 | $356 | $341 | $334 | $328 | $337 | $336 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 9% |
| Agricultural | 22% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |