Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.15 | 0.78% |
| Return on Equity (%) | ▼ | 7.78% | -3.17 | 10.95% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.26 | 3.59% |
| Efficiency Ratio (%) | ▼ | 77.35% | +2.82 | 74.54% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.09 | $2 |
| Cost of Funds (%) | ▲ | 1.85% | -0.09 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $725 | +51.14 | $674 |
| Gross Loans ($M) | ▲ | $547 | +36.19 | $510 |
| Loan Growth YoY (%) | ▲ | 85.86% | +0.16 | 85.70% |
| Total Deposits ($M) | ▲ | $631 | +41.53 | $590 |
| Shareholders Equity ($M) | ▲ | $59 | +9.09 | $50 |
| Tang. Book Value ($M) | ▲ | $57 | +9.19 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +9.68 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 85.86% | +0.16 | 85.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 0.83% | -0.14% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.05 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.39% | +0.62 | 10.77% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.28% | 3.32% | 3.38% | 3.59% | 3.69% | 3.75% | 3.79% | 3.85% |
| ▃▃▁▃▆▇█▁ | Return on Assets (%) | 0.79% | 0.80% | 0.61% | 0.78% | 0.94% | 0.99% | 1.11% | 0.63% |
| ▄▄█▆▃▁▁█ | Efficiency Ratio (%) | 72.2% | 72.8% | 78.3% | 74.5% | 70.2% | 68.7% | 67.3% | 77.4% |
| ██▆▃▁▂▂▁ | Cost of Funds (%) | 2.13% | 2.15% | 2.06% | 1.93% | 1.87% | 1.90% | 1.89% | 1.85% |
| ▁▁▁▁▁█▁▂ | NPA / Assets (%) | 0.02% | 0.03% | 0.03% | 0.05% | 0.03% | 0.50% | 0.03% | 0.09% |
| ▁▁▁▁▁█▁▂ | Net Charge-Off Ratio (%) | 0.02% | 0.04% | 0.04% | 0.07% | 0.04% | 0.66% | 0.04% | 0.13% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $43 | $48 | $44 | $47 | $50 | $53 | $56 | $57 |
| ▁▁▁▁▆█▇█ | Gross Loans ($M) | $507 | $505 | $510 | $510 | $534 | $549 | $539 | $547 |
| ▁▁▂▂▇█▇█ | Total Deposits ($M) | $582 | $586 | $594 | $590 | $621 | $628 | $623 | $631 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |