Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.47 | 2.09% |
| Return on Equity (%) | ▲ | 13.91% | +0.12 | 13.79% |
| Net Interest Margin (%) | ▼ | 4.59% | -0.08 | 4.67% |
| Efficiency Ratio (%) | ▲ | 53.41% | -8.13 | 61.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.12 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.37 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $296 | +77.85 | $218 |
| Gross Loans ($M) | ▲ | $186 | +56.50 | $130 |
| Loan Growth YoY (%) | ▲ | 67.59% | +2.86 | 64.74% |
| Total Deposits ($M) | ▲ | $256 | +74.17 | $182 |
| Shareholders Equity ($M) | ▲ | $34 | +2.47 | $32 |
| Tang. Book Value ($M) | ▲ | $32 | +0.20 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +1.31 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 67.59% | +2.86 | 64.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.84% | -0.90 | 1.74% |
| Allowance / Loans (%) | — | 7.01% | -2.15% | 9.16% |
| Net Charge-Off Ratio (%) | ▲ | 1.34% | -1.60 | 2.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.69% | -6.00 | 22.69% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃█▄█▁██▆ | Net Interest Margin (%) | 4.45% | 4.70% | 4.48% | 4.67% | 4.32% | 4.71% | 4.68% | 4.59% |
| ▆███▆█▆▁ | Return on Assets (%) | 1.92% | 2.09% | 2.07% | 2.09% | 1.93% | 2.06% | 1.95% | 1.62% |
| ▃▃▁▇▆██▁ | Efficiency Ratio (%) | 56.0% | 56.9% | 54.4% | 61.5% | 60.3% | 62.7% | 63.6% | 53.4% |
| ▇█▇▅▄▇▅▁ | Cost of Funds (%) | 2.46% | 2.57% | 2.42% | 2.21% | 2.17% | 2.44% | 2.20% | 1.83% |
| ▇█▅█▅▁▁▃ | NPA / Assets (%) | 1.67% | 1.86% | 1.30% | 1.74% | 1.28% | 0.60% | 0.48% | 0.84% |
| ▇▇▅█▆▁▁▃ | Net Charge-Off Ratio (%) | 2.39% | 2.50% | 1.95% | 2.94% | 2.16% | 0.82% | 0.67% | 1.34% |
| ▇▇███▁▁█ | Tang. Book Value ($M) | $31 | $31 | $32 | $32 | $33 | $24 | $25 | $32 |
| ▁▃▁▁▁▃▃█ | Gross Loans ($M) | $135 | $144 | $136 | $130 | $131 | $144 | $149 | $186 |
| ▁▁▁▃▃▁▂█ | Total Deposits ($M) | $158 | $157 | $169 | $182 | $183 | $167 | $181 | $256 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 19% |