Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.19 | 1.37% |
| Return on Equity (%) | ▲ | 14.69% | +0.78 | 13.91% |
| Net Interest Margin (%) | ▲ | 4.38% | +0.35 | 4.03% |
| Efficiency Ratio (%) | ▲ | 58.74% | -2.16 | 60.90% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.71 | $3 |
| Cost of Funds (%) | ▲ | 1.06% | -0.10 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $779 | +49.34 | $729 |
| Gross Loans ($M) | ▼ | $479 | -10.59 | $489 |
| Loan Growth YoY (%) | ▼ | 68.68% | -5.69 | 74.37% |
| Total Deposits ($M) | ▲ | $688 | +38.22 | $649 |
| Shareholders Equity ($M) | ▲ | $83 | +10.67 | $73 |
| Tang. Book Value ($M) | ▲ | $83 | +10.67 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +12.76 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 68.68% | -5.69 | 74.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.53 | 0.05% |
| Allowance / Loans (%) | — | 1.32% | 0.06% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.87 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 3.68% | 3.68% | 3.75% | 4.03% | 4.14% | 4.21% | 4.30% | 4.38% |
| ▁▁▁▄▄▆▇█ | Return on Assets (%) | 1.26% | 1.23% | 1.24% | 1.37% | 1.39% | 1.45% | 1.52% | 1.57% |
| ▆██▄▄▂▁▁ | Efficiency Ratio (%) | 61.9% | 63.0% | 63.3% | 60.9% | 60.9% | 59.9% | 58.9% | 58.7% |
| █▇▄▃▂▂▁▁ | Cost of Funds (%) | 1.45% | 1.36% | 1.23% | 1.16% | 1.12% | 1.10% | 1.03% | 1.06% |
| ▅▄▁▁▃███ | NPA / Assets (%) | 0.36% | 0.29% | 0.06% | 0.05% | 0.23% | 0.65% | 0.58% | 0.58% |
| ▄▃▁▁▃███ | Net Charge-Off Ratio (%) | 0.47% | 0.37% | 0.03% | 0.07% | 0.32% | 0.95% | 0.89% | 0.94% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $64 | $69 | $69 | $73 | $75 | $79 | $81 | $83 |
| ▇▂▂▅▇█▅▁ | Gross Loans ($M) | $496 | $482 | $482 | $489 | $495 | $498 | $490 | $479 |
| ▂▁▃▅▃▅▇█ | Total Deposits ($M) | $625 | $609 | $630 | $649 | $635 | $652 | $674 | $688 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 13% |