Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.11 | 0.91% |
| Return on Equity (%) | ▼ | 12.25% | -0.08 | 12.33% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.30 | 3.27% |
| Efficiency Ratio (%) | ▲ | 76.16% | -1.98 | 78.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 0.57% | -0.11 | 0.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $442 | +11.38 | $431 |
| Gross Loans ($M) | ▲ | $196 | +10.49 | $186 |
| Loan Growth YoY (%) | ▲ | 49.65% | +1.42 | 48.23% |
| Total Deposits ($M) | ▲ | $392 | +10.17 | $382 |
| Shareholders Equity ($M) | ▲ | $36 | +4.22 | $32 |
| Tang. Book Value ($M) | ▲ | $34 | +4.22 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +4.64 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 49.65% | +1.42 | 48.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.01 | 0.02% |
| Allowance / Loans (%) | — | 0.98% | -0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 26.87% | +1.07 | 25.80% |
Noninterest income ($1.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 3.26% | 3.27% | 3.27% | 3.27% | 3.36% | 3.43% | 3.48% | 3.56% |
| ▁▅▆▁▅██▅ | Return on Assets (%) | 0.92% | 1.02% | 1.05% | 0.91% | 1.02% | 1.11% | 1.12% | 1.01% |
| █▄▃█▃▁▁▄ | Efficiency Ratio (%) | 78.2% | 76.0% | 75.5% | 78.1% | 75.8% | 74.4% | 74.5% | 76.2% |
| ▂▇█▆▄▄▄▁ | Cost of Funds (%) | 0.59% | 0.70% | 0.74% | 0.68% | 0.64% | 0.65% | 0.63% | 0.57% |
| █▆▄▃▁▁▁█ | NPA / Assets (%) | 0.03% | 0.03% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.03% |
| █▆▄▄▂▁▁█ | Net Charge-Off Ratio (%) | 0.07% | 0.06% | 0.05% | 0.04% | 0.03% | 0.03% | 0.02% | 0.07% |
| ▁▄▂▅▅▇██ | Tang. Book Value ($M) | $25 | $30 | $27 | $30 | $30 | $33 | $34 | $34 |
| ▁▁▁▃▄▇█▇ | Gross Loans ($M) | $180 | $181 | $179 | $186 | $188 | $196 | $201 | $196 |
| ▂▁▁▅▅▅▄█ | Total Deposits ($M) | $369 | $365 | $366 | $382 | $379 | $380 | $376 | $392 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 7% |
| Agricultural | 24% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 3% |