Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.17 | 0.63% |
| Return on Equity (%) | ▲ | 7.52% | +0.89 | 6.63% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.77 | 2.56% |
| Efficiency Ratio (%) | ▲ | 70.97% | -1.81 | 72.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.37 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $326 | +4.92 | $321 |
| Gross Loans ($M) | ▲ | $169 | +15.34 | $153 |
| Loan Growth YoY (%) | ▲ | 57.38% | +4.89 | 52.48% |
| Total Deposits ($M) | ▲ | $290 | +2.05 | $288 |
| Shareholders Equity ($M) | ▲ | $34 | +3.35 | $31 |
| Tang. Book Value ($M) | ▲ | $34 | +3.35 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.45 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 57.38% | +4.89 | 52.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.13% | -0.08% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.24% | 2.24% | 2.29% | 2.56% | 2.69% | 2.82% | 2.92% | 3.32% |
| ▁▁▃▅▆▆▇█ | Return on Assets (%) | 0.48% | 0.45% | 0.56% | 0.63% | 0.69% | 0.71% | 0.74% | 0.80% |
| ██▅▂▂▂▁▁ | Efficiency Ratio (%) | 79.9% | 80.4% | 76.0% | 72.8% | 72.3% | 72.2% | 71.6% | 71.0% |
| ███▇▇▅▃▁ | Cost of Funds (%) | 1.61% | 1.65% | 1.65% | 1.53% | 1.55% | 1.47% | 1.30% | 1.17% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.55% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% |
| ▃▁▁▁▁▁█▃ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.01% |
| ▁▄▃▄▆███ | Tang. Book Value ($M) | $27 | $30 | $29 | $31 | $32 | $34 | $34 | $34 |
| ▁▄▃▂▂▆▆█ | Gross Loans ($M) | $151 | $159 | $157 | $153 | $155 | $162 | $163 | $169 |
| ▁▃▃█▇▄▂█ | Total Deposits ($M) | $267 | $275 | $275 | $288 | $287 | $277 | $271 | $290 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |