Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.14% | +0.31 | 1.83% |
| Return on Equity (%) | ▲ | 23.61% | +0.19 | 23.42% |
| Net Interest Margin (%) | ▲ | 4.85% | +0.68 | 4.17% |
| Efficiency Ratio (%) | ▲ | 55.01% | -5.39 | 60.40% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.62 | $2 |
| Cost of Funds (%) | ▲ | 1.23% | -0.16 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $352 | +14.56 | $337 |
| Gross Loans ($M) | ▲ | $282 | +20.21 | $262 |
| Loan Growth YoY (%) | ▲ | 88.88% | +5.27 | 83.61% |
| Total Deposits ($M) | ▲ | $313 | +4.23 | $309 |
| Shareholders Equity ($M) | ▲ | $32 | +5.51 | $26 |
| Tang. Book Value ($M) | ▲ | $31 | +5.53 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.53 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 88.88% | +5.27 | 83.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.07 | 0.12% |
| Allowance / Loans (%) | — | 1.18% | -0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.09 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.63% | +0.43 | 11.21% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 3.93% | 3.97% | 4.04% | 4.17% | 4.40% | 4.49% | 4.56% | 4.85% |
| ▁▁▁▃▅▇▄█ | Return on Assets (%) | 1.66% | 1.67% | 1.70% | 1.83% | 1.92% | 2.03% | 1.88% | 2.14% |
| ███▆▅▃▃▁ | Efficiency Ratio (%) | 62.2% | 62.1% | 62.2% | 60.4% | 59.0% | 57.7% | 57.6% | 55.0% |
| ▅██▄▃▅▄▁ | Cost of Funds (%) | 1.42% | 1.55% | 1.57% | 1.39% | 1.33% | 1.42% | 1.37% | 1.23% |
| ▄▁▁▂███▅ | NPA / Assets (%) | 0.18% | 0.11% | 0.10% | 0.12% | 0.24% | 0.26% | 0.25% | 0.20% |
| ▅▁▁▂███▆ | Net Charge-Off Ratio (%) | 0.23% | 0.13% | 0.11% | 0.16% | 0.31% | 0.32% | 0.31% | 0.25% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $23 | $26 | $25 | $26 | $28 | $30 | $32 | $31 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $250 | $255 | $257 | $262 | $266 | $271 | $278 | $282 |
| ▁▂▂▇▂▂▆█ | Total Deposits ($M) | $292 | $296 | $297 | $309 | $296 | $295 | $306 | $313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |