Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.62% | +0.04 | 3.58% |
| Return on Equity (%) | ▼ | 27.21% | -0.86 | 28.07% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.16 | 4.00% |
| Efficiency Ratio (%) | ▼ | 30.17% | +1.63 | 28.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.39 | $3 |
| Cost of Funds (%) | ▲ | 2.17% | -0.22 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $336 | +21.37 | $315 |
| Gross Loans ($M) | ▲ | $269 | +38.94 | $230 |
| Loan Growth YoY (%) | ▲ | 92.49% | +9.03 | 83.45% |
| Total Deposits ($M) | ▲ | $288 | +15.81 | $272 |
| Shareholders Equity ($M) | ▲ | $47 | +5.43 | $41 |
| Tang. Book Value ($M) | ▲ | $47 | +5.43 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +4.64 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 92.49% | +9.03 | 83.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -1.59 | 1.61% |
| Allowance / Loans (%) | — | 0.94% | -0.29% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -2.17 | 2.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▃▁▄▅█▇ | Net Interest Margin (%) | 4.03% | 4.05% | 4.06% | 4.00% | 4.08% | 4.12% | 4.20% | 4.16% |
| ▃▃▁█▅▄▁█ | Return on Assets (%) | 2.58% | 2.61% | 2.07% | 3.58% | 2.90% | 2.77% | 2.14% | 3.62% |
| ▂▂▆▁▂▃█▁ | Efficiency Ratio (%) | 31.4% | 31.6% | 42.0% | 28.5% | 33.1% | 33.9% | 47.0% | 30.2% |
| █▇▄▃▅▅█▁ | Cost of Funds (%) | 2.80% | 2.72% | 2.43% | 2.39% | 2.55% | 2.50% | 2.75% | 2.17% |
| ██▇▇▁▁▁▁ | NPA / Assets (%) | 1.91% | 1.76% | 1.62% | 1.61% | 0.07% | 0.02% | 0.02% | 0.02% |
| ██▇▇▁▁▁▁ | Net Charge-Off Ratio (%) | 2.90% | 2.65% | 2.28% | 2.20% | 0.10% | 0.03% | 0.03% | 0.03% |
| ▁▃▂▄▆▇▆█ | Tang. Book Value ($M) | $36 | $40 | $39 | $41 | $43 | $45 | $44 | $47 |
| ▁▂▄▅▅▆██ | Gross Loans ($M) | $174 | $190 | $221 | $230 | $232 | $236 | $264 | $269 |
| ▁▃▅▅▆▇█▇ | Total Deposits ($M) | $236 | $253 | $272 | $272 | $278 | $285 | $300 | $288 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 32% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |