Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.29 | 1.24% |
| Return on Equity (%) | ▼ | 20.30% | -0.61 | 20.91% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.49 | 2.81% |
| Efficiency Ratio (%) | ▲ | 59.83% | -3.14 | 62.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.20 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $275 | +11.45 | $264 |
| Gross Loans ($M) | ▲ | $165 | +11.28 | $154 |
| Loan Growth YoY (%) | ▲ | 76.79% | +0.70 | 76.09% |
| Total Deposits ($M) | ▲ | $212 | +12.75 | $199 |
| Shareholders Equity ($M) | ▲ | $21 | +4.16 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +4.16 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +4.62 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 76.79% | +0.70 | 76.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.12 | 0.17% |
| Allowance / Loans (%) | — | 1.21% | -0.03% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.22 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -17.54 | 17.54% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.55% | 2.50% | 2.44% | 2.81% | 2.87% | 2.94% | 2.92% | 3.30% |
| ▂▁▁▅▅▆▅█ | Return on Assets (%) | 0.99% | 0.88% | 0.86% | 1.24% | 1.26% | 1.29% | 1.27% | 1.52% |
| ▆██▃▂▂▂▁ | Efficiency Ratio (%) | 68.2% | 71.4% | 71.3% | 63.0% | 62.5% | 62.3% | 62.4% | 59.8% |
| ▆▇█▃▆▅▆▁ | Cost of Funds (%) | 2.30% | 2.38% | 2.47% | 1.97% | 2.21% | 2.13% | 2.22% | 1.78% |
| █▃▂▃▁▁▁▁ | NPA / Assets (%) | 0.49% | 0.19% | 0.13% | 0.17% | 0.04% | 0.05% | 0.03% | 0.05% |
| █▃▂▃▁▁▁▁ | Net Charge-Off Ratio (%) | 0.82% | 0.30% | 0.23% | 0.30% | 0.06% | 0.08% | 0.06% | 0.08% |
| ▁▄▁▃▅▇██ | Tang. Book Value ($M) | $12 | $15 | $12 | $15 | $16 | $18 | $19 | $19 |
| ▁▂▁▁▆██▇ | Gross Loans ($M) | $155 | $156 | $154 | $154 | $163 | $167 | $168 | $165 |
| ▂▁▄▄▄▃██ | Total Deposits ($M) | $191 | $186 | $200 | $199 | $200 | $195 | $216 | $212 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 3% |
| Agricultural | 18% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |