Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.30 | 1.55% |
| Return on Equity (%) | ▲ | 20.25% | +1.17 | 19.08% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.46 | 3.42% |
| Efficiency Ratio (%) | ▲ | 56.63% | -3.60 | 60.23% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 1.58% | -0.17 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $163 | +7.47 | $155 |
| Gross Loans ($M) | ▲ | $124 | +15.81 | $108 |
| Loan Growth YoY (%) | ▲ | 83.59% | +6.77 | 76.82% |
| Total Deposits ($M) | ▲ | $146 | +7.63 | $139 |
| Shareholders Equity ($M) | ▲ | $15 | +2.01 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +2.01 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.80 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 83.59% | +6.77 | 76.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.25 | 0.05% |
| Allowance / Loans (%) | — | 1.10% | -0.11% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.32 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 3.16% | 3.12% | 3.16% | 3.42% | 3.45% | 3.56% | 3.62% | 3.88% |
| ▂▂▁▃▄▆▆█ | Return on Assets (%) | 1.48% | 1.48% | 1.42% | 1.55% | 1.62% | 1.70% | 1.75% | 1.85% |
| ▆▆█▅▃▂▂▁ | Efficiency Ratio (%) | 60.9% | 61.1% | 63.1% | 60.2% | 58.8% | 57.8% | 57.7% | 56.6% |
| ▄█▆▄▄▂▁▁ | Cost of Funds (%) | 1.74% | 2.00% | 1.86% | 1.75% | 1.73% | 1.65% | 1.55% | 1.58% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.29% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.07% | 0.07% | 0.06% | 0.06% | 0.06% | 0.39% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $12 | $13 | $12 | $13 | $13 | $14 | $15 | $15 |
| ▁▁▁▂▃▄▇█ | Gross Loans ($M) | $103 | $104 | $105 | $108 | $110 | $112 | $120 | $124 |
| ▁▁▃▄▄▅▇█ | Total Deposits ($M) | $132 | $132 | $136 | $139 | $139 | $139 | $143 | $146 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 7% |