Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.21 | 1.22% |
| Return on Equity (%) | ▲ | 13.57% | +0.28 | 13.29% |
| Net Interest Margin (%) | ▼ | 2.98% | -0.06 | 3.03% |
| Efficiency Ratio (%) | ▲ | 56.70% | -5.27 | 61.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.26 | $1 |
| Cost of Funds (%) | ▼ | 1.73% | +0.11 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $458 | +37.59 | $420 |
| Gross Loans ($M) | ▲ | $235 | +13.63 | $221 |
| Loan Growth YoY (%) | ▼ | 57.20% | -1.38 | 58.59% |
| Total Deposits ($M) | ▲ | $406 | +32.66 | $373 |
| Shareholders Equity ($M) | ▲ | $47 | +8.00 | $39 |
| Tang. Book Value ($M) | ▲ | $47 | +8.04 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +7.67 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 57.20% | -1.38 | 58.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.40 | 0.43% |
| Allowance / Loans (%) | — | 1.10% | -0.02% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.76 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.23% | +1.87 | 16.37% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▅▅██▃ | Net Interest Margin (%) | 2.91% | 2.98% | 3.04% | 3.03% | 3.04% | 3.10% | 3.12% | 2.98% |
| ▄█▂▁▂▅██ | Return on Assets (%) | 1.31% | 1.43% | 1.25% | 1.22% | 1.27% | 1.34% | 1.44% | 1.43% |
| ▅▃▁█▇▆▃▂ | Efficiency Ratio (%) | 59.4% | 57.1% | 55.4% | 62.0% | 60.6% | 59.7% | 57.5% | 56.7% |
| ▂▃▁▄▅█▆▆ | Cost of Funds (%) | 1.57% | 1.59% | 1.49% | 1.63% | 1.70% | 1.84% | 1.75% | 1.73% |
| ▁▁▁█▆▅▁▁ | NPA / Assets (%) | 0.01% | 0.02% | 0.05% | 0.43% | 0.30% | 0.25% | 0.01% | 0.02% |
| ▁▁▁█▆▅▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.09% | 0.81% | 0.59% | 0.48% | 0.02% | 0.05% |
| ▁▃▁▂▄▆██ | Tang. Book Value ($M) | $37 | $40 | $36 | $39 | $41 | $44 | $46 | $47 |
| ▁▃▅▅▄▅▇█ | Gross Loans ($M) | $204 | $213 | $220 | $221 | $216 | $222 | $230 | $235 |
| ▁▁▃▃▅▂▅█ | Total Deposits ($M) | $361 | $361 | $374 | $373 | $384 | $369 | $384 | $406 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 2% |