Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.80 | 1.14% |
| Return on Equity (%) | ▲ | 20.18% | +7.52 | 12.66% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.62 | 3.59% |
| Efficiency Ratio (%) | ▲ | 57.66% | -12.43 | 70.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.76 | $1 |
| Cost of Funds (%) | ▲ | 1.81% | -0.40 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $344 | +24.47 | $320 |
| Gross Loans ($M) | ▲ | $254 | +20.81 | $234 |
| Loan Growth YoY (%) | ▲ | 88.98% | +3.13 | 85.85% |
| Total Deposits ($M) | ▲ | $282 | +13.96 | $268 |
| Shareholders Equity ($M) | ▲ | $33 | +2.59 | $30 |
| Tang. Book Value ($M) | ▲ | $31 | +2.59 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.62 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 88.98% | +3.13 | 85.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.29 | 0.54% |
| Allowance / Loans (%) | — | 1.26% | -0.12% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.39 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.12% | 3.20% | 3.30% | 3.59% | 3.71% | 3.78% | 3.86% | 4.21% |
| ▁▁▂▃▃▄▄█ | Return on Assets (%) | 0.87% | 0.96% | 1.06% | 1.14% | 1.26% | 1.37% | 1.34% | 1.94% |
| ██▆▇▆▅▅▁ | Efficiency Ratio (%) | 73.6% | 71.6% | 69.6% | 70.1% | 68.3% | 66.2% | 66.3% | 57.7% |
| ███▆▅▅▂▁ | Cost of Funds (%) | 2.36% | 2.31% | 2.33% | 2.20% | 2.11% | 2.11% | 1.94% | 1.81% |
| ▅███▃▃▄▁ | NPA / Assets (%) | 0.41% | 0.55% | 0.53% | 0.54% | 0.34% | 0.35% | 0.39% | 0.25% |
| ▅███▃▃▄▁ | Net Charge-Off Ratio (%) | 0.56% | 0.76% | 0.73% | 0.73% | 0.46% | 0.48% | 0.53% | 0.34% |
| ▁▄▂▄▅▇█▇ | Tang. Book Value ($M) | $25 | $28 | $27 | $28 | $29 | $31 | $32 | $31 |
| ▃▅▂▁▄▄▆█ | Gross Loans ($M) | $239 | $244 | $238 | $234 | $243 | $243 | $249 | $254 |
| ▄█▁▁▂▃▇▇ | Total Deposits ($M) | $276 | $285 | $270 | $268 | $272 | $273 | $282 | $282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |