Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.32 | 1.26% |
| Return on Equity (%) | ▲ | 11.57% | +0.17 | 11.40% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.35 | 2.71% |
| Efficiency Ratio (%) | ▲ | 56.51% | -3.80 | 60.31% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.40 | $2 |
| Cost of Funds (%) | ▲ | 1.18% | -0.12 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $540 | -11.31 | $551 |
| Gross Loans ($M) | ▲ | $210 | +22.69 | $188 |
| Loan Growth YoY (%) | ▲ | 44.58% | +6.71 | 37.87% |
| Total Deposits ($M) | ▼ | $464 | -22.72 | $487 |
| Shareholders Equity ($M) | ▲ | $74 | +11.43 | $63 |
| Tang. Book Value ($M) | ▲ | $72 | +11.43 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +10.53 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 44.58% | +6.71 | 37.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.07 | 0.07% |
| Allowance / Loans (%) | — | 1.51% | -0.11% | 1.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.21 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 28.86% | -0.02 | 28.88% |
Noninterest income ($1.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 2.50% | 2.51% | 2.61% | 2.71% | 2.83% | 2.91% | 2.95% | 3.06% |
| ▁▂▃▃▅▆▇█ | Return on Assets (%) | 1.07% | 1.17% | 1.23% | 1.26% | 1.34% | 1.45% | 1.49% | 1.58% |
| █▇▆▄▃▁▁▁ | Efficiency Ratio (%) | 65.7% | 63.5% | 62.8% | 60.3% | 59.4% | 57.2% | 57.1% | 56.5% |
| ▇█▆▄▆▄▂▁ | Cost of Funds (%) | 1.39% | 1.44% | 1.38% | 1.30% | 1.35% | 1.29% | 1.24% | 1.18% |
| █▆▁▂▁▁▁▁ | NPA / Assets (%) | 0.40% | 0.29% | 0.05% | 0.07% | 0.05% | 0.00% | 0.00% | 0.00% |
| █▆▁▂▁▁▁▁ | Net Charge-Off Ratio (%) | 1.09% | 0.81% | 0.13% | 0.21% | 0.12% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $51 | $61 | $55 | $60 | $63 | $69 | $71 | $72 |
| ▁▂▂▁▃▄██ | Gross Loans ($M) | $188 | $193 | $192 | $188 | $195 | $199 | $212 | $210 |
| ▁▄▆█▃▁▂▂ | Total Deposits ($M) | $457 | $470 | $477 | $487 | $468 | $458 | $461 | $464 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 17% |
| Agricultural | 4% |
| Consumer | 8% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |