Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.12% | +3.61 | 0.51% |
| Return on Equity (%) | ▲ | 83.46% | +68.86 | 14.60% |
| Net Interest Margin (%) | ▲ | 2.76% | +0.16 | 2.60% |
| Efficiency Ratio (%) | ▲ | 33.90% | -51.10 | 85.00% |
| Pre-Provision Profit ($M) | ▲ | $6 | +5.83 | $1 |
| Cost of Funds (%) | ▲ | 2.08% | -0.28 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $459 | +3.83 | $456 |
| Gross Loans ($M) | ▲ | $242 | +33.37 | $209 |
| Loan Growth YoY (%) | ▲ | 58.80% | +10.77 | 48.04% |
| Total Deposits ($M) | ▼ | $407 | -23.10 | $430 |
| Shareholders Equity ($M) | ▲ | $25 | +8.75 | $16 |
| Tang. Book Value ($M) | ▲ | $25 | +9.26 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +7.91 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 58.80% | +10.77 | 48.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.05 | 0.77% |
| Allowance / Loans (%) | — | 1.19% | 0.11% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.38 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.23% | +1.65 | 10.58% |
Noninterest income ($7.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▃▁▁▄▃█ | Net Interest Margin (%) | 2.63% | 2.65% | 2.65% | 2.60% | 2.62% | 2.66% | 2.66% | 2.76% |
| ▁▁▁▁▁▁▁█ | Return on Assets (%) | 0.80% | 0.53% | 0.38% | 0.51% | 0.57% | 0.69% | 0.74% | 4.12% |
| ▆▇██▇▇▇▁ | Efficiency Ratio (%) | 71.9% | 78.6% | 81.9% | 85.0% | 78.6% | 76.2% | 75.0% | 33.9% |
| ▅▇▅▆▆█▆▁ | Cost of Funds (%) | 2.35% | 2.45% | 2.32% | 2.36% | 2.36% | 2.52% | 2.38% | 2.08% |
| ▁█▃▃▄▆▇▄ | NPA / Assets (%) | 0.50% | 1.33% | 0.81% | 0.77% | 0.89% | 1.02% | 1.19% | 0.82% |
| ▃█▁▁▂▃█▃ | Net Charge-Off Ratio (%) | 0.62% | 1.43% | 0.36% | 0.21% | 0.38% | 0.62% | 1.32% | 0.59% |
| ▂▁▃▃▃▄▅█ | Tang. Book Value ($M) | $13 | $11 | $15 | $15 | $16 | $18 | $19 | $25 |
| ▂▁▃▂▄▂▃█ | Gross Loans ($M) | $206 | $201 | $213 | $209 | $220 | $207 | $216 | $242 |
| █▆███▂▁▁ | Total Deposits ($M) | $430 | $422 | $434 | $430 | $431 | $410 | $404 | $407 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 21% |
| Agricultural | 19% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 41% |