Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.28 | 0.97% |
| Return on Equity (%) | ▲ | 13.52% | +2.15 | 11.37% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.44 | 3.86% |
| Efficiency Ratio (%) | ▲ | 62.06% | -6.25 | 68.31% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.66 | $2 |
| Cost of Funds (%) | ▲ | 1.21% | -0.42 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $540 | +46.11 | $494 |
| Gross Loans ($M) | ▼ | $380 | -0.61 | $380 |
| Loan Growth YoY (%) | ▼ | 82.21% | -9.73 | 91.94% |
| Total Deposits ($M) | ▲ | $457 | +47.79 | $409 |
| Shareholders Equity ($M) | ▲ | $48 | +5.20 | $43 |
| Tang. Book Value ($M) | ▲ | $48 | +5.20 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +5.37 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 82.21% | -9.73 | 91.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.09 | 0.50% |
| Allowance / Loans (%) | — | 1.10% | -0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.19 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 3.51% | 3.57% | 3.64% | 3.86% | 4.01% | 4.09% | 4.18% | 4.30% |
| ▁▁▁▄▆▆▅█ | Return on Assets (%) | 0.74% | 0.71% | 0.75% | 0.97% | 1.11% | 1.08% | 1.01% | 1.25% |
| ███▅▃▃▅▁ | Efficiency Ratio (%) | 73.6% | 73.8% | 73.3% | 68.3% | 65.1% | 66.4% | 68.8% | 62.1% |
| ███▆▄▅▄▁ | Cost of Funds (%) | 1.76% | 1.82% | 1.78% | 1.63% | 1.52% | 1.53% | 1.45% | 1.21% |
| ▁▁▆▅▃█▆▇ | NPA / Assets (%) | 0.28% | 0.25% | 0.58% | 0.50% | 0.39% | 0.70% | 0.58% | 0.59% |
| ▁▁▆▅▃█▆▇ | Net Charge-Off Ratio (%) | 0.35% | 0.32% | 0.78% | 0.65% | 0.51% | 0.94% | 0.76% | 0.84% |
| ▁▃▁▃▅▇▇█ | Tang. Book Value ($M) | $41 | $43 | $41 | $43 | $45 | $47 | $47 | $48 |
| ▇▇▁█▃█▇▇ | Gross Loans ($M) | $380 | $380 | $372 | $380 | $375 | $381 | $380 | $380 |
| ▁▃▃▂▁▂▃█ | Total Deposits ($M) | $397 | $412 | $418 | $409 | $403 | $411 | $413 | $457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |