Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.87 | 0.08% |
| Return on Equity (%) | ▲ | 12.38% | +11.09 | 1.29% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.39 | 3.07% |
| Efficiency Ratio (%) | ▲ | 69.82% | -14.20 | 84.02% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.08 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.34 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $660 | +40.69 | $620 |
| Gross Loans ($M) | ▲ | $338 | +19.39 | $319 |
| Loan Growth YoY (%) | ▲ | 55.05% | +0.35 | 54.70% |
| Total Deposits ($M) | ▲ | $606 | +31.30 | $574 |
| Shareholders Equity ($M) | ▲ | $50 | +8.21 | $42 |
| Tang. Book Value ($M) | ▲ | $50 | +8.28 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +7.18 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 55.05% | +0.35 | 54.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.01 | 0.60% |
| Allowance / Loans (%) | — | 1.32% | -0.03% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.09% | +0.13 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.09% | +0.41 | 15.68% |
Noninterest income ($1.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 2.48% | 2.53% | 2.65% | 3.07% | 3.19% | 3.28% | 3.36% | 3.46% |
| ▃▄▅▁▃▅▆█ | Return on Assets (%) | 0.40% | 0.45% | 0.56% | 0.08% | 0.31% | 0.61% | 0.66% | 0.95% |
| ██▆█▄▃▄▁ | Efficiency Ratio (%) | 84.0% | 83.0% | 80.3% | 84.0% | 76.0% | 73.4% | 75.3% | 69.8% |
| █▇▇▄▃▂▁▁ | Cost of Funds (%) | 2.25% | 2.14% | 2.04% | 1.76% | 1.63% | 1.57% | 1.49% | 1.42% |
| ▁▁▅▇▇██▇ | NPA / Assets (%) | 0.16% | 0.18% | 0.42% | 0.60% | 0.58% | 0.67% | 0.63% | 0.61% |
| ▁▁▄▇████ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.53% | 0.96% | 1.10% | 1.23% | 1.15% | 1.09% |
| ▁▄▁▅▅▇██ | Tang. Book Value ($M) | $32 | $39 | $32 | $41 | $41 | $47 | $50 | $50 |
| ▁▂▃▄▆██▇ | Gross Loans ($M) | $301 | $311 | $314 | $319 | $332 | $346 | $344 | $338 |
| ▂▁▂▄▆▆▇█ | Total Deposits ($M) | $557 | $548 | $561 | $574 | $586 | $585 | $596 | $606 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Agricultural | 8% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |