Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.76 | 0.74% |
| Return on Equity (%) | ▲ | 18.02% | +8.05 | 9.97% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.35 | 2.60% |
| Efficiency Ratio (%) | ▲ | 58.44% | -13.62 | 72.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.27 | $1 |
| Cost of Funds (%) | ▲ | 2.08% | -0.17 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $525 | +42.96 | $482 |
| Gross Loans ($M) | ▲ | $334 | +23.48 | $311 |
| Loan Growth YoY (%) | ▲ | 72.96% | +1.42 | 71.54% |
| Total Deposits ($M) | ▲ | $454 | +22.99 | $431 |
| Shareholders Equity ($M) | ▲ | $43 | +6.20 | $37 |
| Tang. Book Value ($M) | ▲ | $29 | +6.27 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +6.38 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 72.96% | +1.42 | 71.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.02 | 0.10% |
| Allowance / Loans (%) | — | 0.87% | 0.12% | 0.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.08 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.04% | +0.09 | 10.95% |
Noninterest income ($1.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.28% | 2.27% | 2.30% | 2.60% | 2.69% | 2.71% | 2.75% | 2.94% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.30% | 0.41% | 0.41% | 0.74% | 0.90% | 0.93% | 0.94% | 1.51% |
| ▇██▄▂▂▂▁ | Efficiency Ratio (%) | 86.2% | 90.7% | 88.3% | 72.1% | 65.5% | 65.3% | 66.4% | 58.4% |
| ▇█▇▃▂▃▃▁ | Cost of Funds (%) | 2.50% | 2.61% | 2.52% | 2.26% | 2.18% | 2.26% | 2.27% | 2.08% |
| ▁▁▁▃▃█▄▄ | NPA / Assets (%) | 0.06% | 0.06% | 0.06% | 0.10% | 0.10% | 0.21% | 0.13% | 0.12% |
| ▁▁▁▃▃█▆▆ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.05% | 0.11% | 0.11% | 0.27% | 0.20% | 0.19% |
| ▁▄▂▄▄███ | Tang. Book Value ($M) | $19 | $23 | $21 | $23 | $24 | $29 | $29 | $29 |
| ▁▁▃▄▄▆▇█ | Gross Loans ($M) | $295 | $300 | $306 | $311 | $310 | $322 | $325 | $334 |
| ▁▂▅▅▃▃▅█ | Total Deposits ($M) | $401 | $412 | $428 | $431 | $421 | $415 | $431 | $454 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 2% |
| Agricultural | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |