Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.53% | +0.33 | 0.20% |
| Return on Equity (%) | ▲ | 6.18% | +3.28 | 2.90% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.37 | 2.74% |
| Efficiency Ratio (%) | ▲ | 81.00% | -9.51 | 90.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $0 |
| Cost of Funds (%) | ▲ | 1.67% | -0.10 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $431 | -10.82 | $442 |
| Gross Loans ($M) | ▲ | $234 | +16.03 | $218 |
| Loan Growth YoY (%) | ▲ | 60.31% | +5.64 | 54.67% |
| Total Deposits ($M) | ▼ | $383 | -10.47 | $394 |
| Shareholders Equity ($M) | ▲ | $37 | +5.50 | $32 |
| Tang. Book Value ($M) | ▲ | $37 | +5.50 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +4.79 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 60.31% | +5.64 | 54.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.12 | 0.00% |
| Allowance / Loans (%) | — | 1.38% | -0.04% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.23 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.42% | +0.37 | 17.05% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.25% | 2.33% | 2.40% | 2.74% | 2.82% | 2.88% | 2.93% | 3.10% |
| ▇▅▄▁▃▅▆█ | Return on Assets (%) | 0.46% | 0.39% | 0.34% | 0.20% | 0.30% | 0.40% | 0.45% | 0.53% |
| ▂▄▆█▅▃▁▁ | Efficiency Ratio (%) | 82.8% | 85.3% | 87.4% | 90.5% | 86.7% | 83.5% | 82.0% | 81.0% |
| ███▄▄▅▅▁ | Cost of Funds (%) | 1.91% | 1.91% | 1.92% | 1.78% | 1.78% | 1.82% | 1.82% | 1.67% |
| ▁▁▁▁▄▄▄█ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.05% | 0.06% | 0.06% | 0.13% |
| ▁▁▁▁▄▅▄█ | Net Charge-Off Ratio (%) | 0.03% | 0.00% | 0.00% | 0.01% | 0.09% | 0.12% | 0.11% | 0.24% |
| ▁▅▁▂▄▆█▇ | Tang. Book Value ($M) | $30 | $35 | $30 | $32 | $34 | $36 | $39 | $37 |
| ▁▄▅▄▆█▇█ | Gross Loans ($M) | $201 | $216 | $220 | $218 | $226 | $237 | $229 | $234 |
| ▁▁▆▇▄██▅ | Total Deposits ($M) | $358 | $361 | $385 | $394 | $377 | $400 | $395 | $383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Agricultural | 6% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 8% |