Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.23 | 1.25% |
| Return on Equity (%) | ▲ | 12.74% | +1.16 | 11.58% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.37 | 3.26% |
| Efficiency Ratio (%) | ▲ | 57.39% | -2.83 | 60.22% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.16 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $394 | +17.62 | $376 |
| Gross Loans ($M) | ▲ | $245 | +21.46 | $223 |
| Loan Growth YoY (%) | ▲ | 70.00% | +3.96 | 66.04% |
| Total Deposits ($M) | ▲ | $345 | +11.71 | $333 |
| Shareholders Equity ($M) | ▲ | $46 | +4.71 | $42 |
| Tang. Book Value ($M) | ▲ | $44 | +4.71 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +5.13 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 70.00% | +3.96 | 66.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.40% | -0.10% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.08% | 3.08% | 3.14% | 3.26% | 3.38% | 3.44% | 3.51% | 3.63% |
| ▁▁▂▅▅▆▅█ | Return on Assets (%) | 1.01% | 1.07% | 1.10% | 1.25% | 1.30% | 1.34% | 1.28% | 1.49% |
| █▇▇▃▂▁▄▁ | Efficiency Ratio (%) | 65.2% | 63.4% | 63.4% | 60.2% | 58.9% | 58.4% | 60.5% | 57.4% |
| █▇▆▆▄▃▁▂ | Cost of Funds (%) | 1.72% | 1.69% | 1.65% | 1.66% | 1.57% | 1.54% | 1.47% | 1.50% |
| ▁▁████▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% |
| ▁▁████▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% |
| ▁▄▁▃▄▇▇█ | Tang. Book Value ($M) | $36 | $40 | $37 | $39 | $40 | $42 | $43 | $44 |
| ▃▁▂▂▄▆▇█ | Gross Loans ($M) | $228 | $219 | $224 | $223 | $231 | $237 | $240 | $245 |
| ▁▃▆▆▄▇██ | Total Deposits ($M) | $312 | $324 | $336 | $333 | $325 | $341 | $345 | $345 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 4% |