Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.11 | 1.57% |
| Return on Equity (%) | ▲ | 19.71% | +0.40 | 19.31% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.44 | 4.30% |
| Efficiency Ratio (%) | ▲ | 67.20% | -1.95 | 69.15% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 0.48% | -0.06 | 0.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $151 | +9.02 | $142 |
| Gross Loans ($M) | ▲ | $75 | +12.09 | $63 |
| Loan Growth YoY (%) | ▲ | 53.35% | +5.55 | 47.80% |
| Total Deposits ($M) | ▲ | $139 | +9.10 | $130 |
| Shareholders Equity ($M) | ▼ | $12 | -0.21 | $12 |
| Tang. Book Value ($M) | ▼ | $11 | -0.18 | $12 |
| TBV excl. AOCI ($M)** | ▼ | $14 | -0.55 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 53.35% | +5.55 | 47.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 1.02% | -0.12% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.28% | -4.45 | 22.73% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▄▅█ | Net Interest Margin (%) | 4.24% | 4.29% | 4.30% | 4.30% | 4.43% | 4.45% | 4.53% | 4.73% |
| ▇▇▁▆▆▇▃█ | Return on Assets (%) | 1.61% | 1.61% | 1.36% | 1.57% | 1.60% | 1.62% | 1.47% | 1.68% |
| ▂▄▆█▃▁▁▁ | Efficiency Ratio (%) | 67.5% | 67.9% | 68.6% | 69.1% | 67.7% | 67.1% | 67.3% | 67.2% |
| ▄▃█▄▃▇█▁ | Cost of Funds (%) | 0.55% | 0.54% | 0.64% | 0.55% | 0.53% | 0.63% | 0.65% | 0.48% |
| ▂▁▁▁██▂▃ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.10% | 0.10% | 0.02% | 0.03% |
| ▂▂▁▁██▂▃ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.00% | 0.00% | 0.21% | 0.20% | 0.03% | 0.07% |
| ▁▆▃▅▄▇█▅ | Tang. Book Value ($M) | $9 | $12 | $11 | $12 | $11 | $12 | $13 | $11 |
| ▁▂▃▄▆███ | Gross Loans ($M) | $55 | $58 | $62 | $63 | $69 | $73 | $74 | $75 |
| ▁▁▂▃▃▂▃█ | Total Deposits ($M) | $126 | $125 | $128 | $130 | $129 | $128 | $129 | $139 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 7% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 2% |