Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.29 | 1.22% |
| Return on Equity (%) | ▲ | 13.93% | +1.77 | 12.16% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.56 | 3.90% |
| Efficiency Ratio (%) | ▲ | 56.28% | -3.14 | 59.42% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.26% | -0.18 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $336 | +17.25 | $319 |
| Gross Loans ($M) | ▲ | $218 | +29.53 | $188 |
| Loan Growth YoY (%) | ▲ | 74.60% | +5.76 | 68.84% |
| Total Deposits ($M) | ▲ | $287 | +18.18 | $269 |
| Shareholders Equity ($M) | ▲ | $36 | +3.80 | $32 |
| Tang. Book Value ($M) | ▲ | $34 | +3.80 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +3.52 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 74.60% | +5.76 | 68.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.15 | 0.29% |
| Allowance / Loans (%) | — | 1.49% | 0.02% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.29 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.01% | -0.73 | 15.74% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.64% | 3.74% | 3.77% | 3.90% | 3.96% | 4.11% | 4.20% | 4.46% |
| ▁▂▂▅▃▃▂█ | Return on Assets (%) | 0.88% | 0.98% | 0.96% | 1.22% | 1.05% | 1.10% | 1.04% | 1.51% |
| █▇▇▃▅▄▅▁ | Efficiency Ratio (%) | 68.3% | 65.8% | 66.5% | 59.4% | 62.6% | 61.1% | 63.1% | 56.3% |
| ▆█▆▆▇▇▃▁ | Cost of Funds (%) | 1.45% | 1.52% | 1.42% | 1.44% | 1.46% | 1.46% | 1.34% | 1.26% |
| ▁▁▂███▅▂ | NPA / Assets (%) | 0.10% | 0.09% | 0.13% | 0.29% | 0.29% | 0.28% | 0.21% | 0.14% |
| ▁▁▂██▆▄▁ | Net Charge-Off Ratio (%) | 0.16% | 0.15% | 0.21% | 0.46% | 0.42% | 0.37% | 0.27% | 0.16% |
| ▁▄▂▄▆█▇█ | Tang. Book Value ($M) | $27 | $30 | $28 | $30 | $31 | $33 | $33 | $34 |
| ▁▁▂▁▁▄▇█ | Gross Loans ($M) | $185 | $185 | $189 | $188 | $188 | $201 | $212 | $218 |
| ▁▂▃▅▄▄▆█ | Total Deposits ($M) | $248 | $255 | $262 | $269 | $266 | $263 | $275 | $287 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |