Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.70 | 1.08% |
| Return on Equity (%) | ▲ | 21.05% | +6.37 | 14.68% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.52 | 3.66% |
| Efficiency Ratio (%) | ▲ | 58.49% | -11.16 | 69.66% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.85 | $1 |
| Cost of Funds (%) | ▲ | 2.08% | -0.23 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $433 | +27.40 | $406 |
| Gross Loans ($M) | ▲ | $318 | +25.62 | $292 |
| Loan Growth YoY (%) | ▲ | 80.27% | +1.90 | 78.37% |
| Total Deposits ($M) | ▲ | $391 | +22.76 | $368 |
| Shareholders Equity ($M) | ▲ | $37 | +6.62 | $30 |
| Tang. Book Value ($M) | ▲ | $37 | +6.62 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +6.22 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 80.27% | +1.90 | 78.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.17% | -0.03 | 1.20% |
| Allowance / Loans (%) | — | 1.29% | 0.01% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 1.60% | -0.07 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.52% | +0.48 | 14.04% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 3.40% | 3.38% | 3.45% | 3.66% | 3.79% | 3.90% | 3.98% | 4.18% |
| ▁▁▁▂▄▅▅█ | Return on Assets (%) | 0.96% | 0.94% | 1.00% | 1.08% | 1.27% | 1.38% | 1.40% | 1.78% |
| ███▇▅▄▄▁ | Efficiency Ratio (%) | 72.2% | 72.7% | 71.7% | 69.7% | 66.8% | 65.1% | 64.4% | 58.5% |
| ▇██▅▄▄▂▁ | Cost of Funds (%) | 2.47% | 2.54% | 2.50% | 2.32% | 2.28% | 2.26% | 2.19% | 2.08% |
| ▁██▆▅▃█▆ | NPA / Assets (%) | 0.94% | 1.29% | 1.29% | 1.20% | 1.14% | 1.06% | 1.26% | 1.17% |
| ▁██▆▅▃▇▅ | Net Charge-Off Ratio (%) | 1.29% | 1.77% | 1.79% | 1.66% | 1.58% | 1.44% | 1.67% | 1.60% |
| ▁▃▁▂▂▆▇█ | Tang. Book Value ($M) | $29 | $31 | $29 | $30 | $30 | $34 | $35 | $37 |
| ▁▂▁▂▃▅██ | Gross Loans ($M) | $288 | $292 | $290 | $292 | $298 | $305 | $316 | $318 |
| ▁▂▂▃▄▄▅█ | Total Deposits ($M) | $356 | $361 | $364 | $368 | $373 | $373 | $375 | $391 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |