Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.65 | 1.35% |
| Return on Equity (%) | ▲ | 24.29% | +6.23 | 18.06% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.57 | 3.14% |
| Efficiency Ratio (%) | ▲ | 57.27% | -11.27 | 68.55% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 2.00% | -0.35 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $275 | +24.90 | $250 |
| Gross Loans ($M) | ▲ | $219 | +29.37 | $190 |
| Loan Growth YoY (%) | ▲ | 87.84% | +4.20 | 83.64% |
| Total Deposits ($M) | ▲ | $246 | +22.44 | $224 |
| Shareholders Equity ($M) | ▲ | $22 | +3.23 | $19 |
| Tang. Book Value ($M) | ▲ | $22 | +3.23 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.23 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 87.84% | +4.20 | 83.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.03% | -1.06 | 2.09% |
| Allowance / Loans (%) | — | 1.11% | -0.04% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 1.29% | -1.46 | 2.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.34 | 10.34% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂████ | Net Interest Margin (%) | 3.05% | 3.09% | 3.10% | 3.14% | 3.71% | 3.63% | 3.66% | 3.71% |
| ▁▁▁▄▇▆▅█ | Return on Assets (%) | 0.91% | 0.91% | 0.83% | 1.35% | 1.77% | 1.60% | 1.55% | 2.00% |
| ▇██▆▃▄▄▁ | Efficiency Ratio (%) | 70.8% | 72.8% | 73.8% | 68.5% | 62.5% | 64.6% | 64.4% | 57.3% |
| █▇▆▅▄▄▂▁ | Cost of Funds (%) | 2.58% | 2.49% | 2.40% | 2.35% | 2.23% | 2.24% | 2.10% | 2.00% |
| ██▇▇▂▂▂▁ | NPA / Assets (%) | 2.35% | 2.20% | 2.14% | 2.09% | 1.35% | 1.33% | 1.24% | 1.03% |
| ███▇▃▃▂▁ | Net Charge-Off Ratio (%) | 3.12% | 2.96% | 2.90% | 2.75% | 1.83% | 1.81% | 1.56% | 1.29% |
| ▁▁▁▂▃▅▇█ | Tang. Book Value ($M) | $18 | $19 | $18 | $19 | $20 | $21 | $21 | $22 |
| ▁▁▂▃▂▃▆█ | Gross Loans ($M) | $180 | $179 | $186 | $190 | $189 | $191 | $204 | $219 |
| ▁▁▄▄▄▅▃█ | Total Deposits ($M) | $211 | $210 | $227 | $224 | $228 | $232 | $223 | $246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 8% |
| Agricultural | 22% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 16% |