Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.43 | 1.19% |
| Return on Equity (%) | ▲ | 16.16% | +2.48 | 13.68% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.41 | 3.47% |
| Efficiency Ratio (%) | ▲ | 51.27% | -4.56 | 55.83% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.22 | $4 |
| Cost of Funds (%) | ▲ | 1.22% | -0.21 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $986 | +28.44 | $957 |
| Gross Loans ($M) | ▲ | $551 | +24.52 | $527 |
| Loan Growth YoY (%) | ▼ | 62.40% | -0.43 | 62.84% |
| Total Deposits ($M) | ▲ | $874 | +44.85 | $829 |
| Shareholders Equity ($M) | ▲ | $102 | +16.10 | $86 |
| Tang. Book Value ($M) | ▲ | $102 | +16.10 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +14.90 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 62.40% | -0.43 | 62.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.05% | -0.02% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.19% | +0.85 | 17.34% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 2.53% | 2.64% | 2.81% | 3.47% | 3.55% | 3.65% | 3.70% | 3.88% |
| ▁▁▁▃▅▆▅█ | Return on Assets (%) | 1.03% | 1.05% | 1.04% | 1.19% | 1.33% | 1.46% | 1.38% | 1.62% |
| ▇▇█▅▂▁▅▁ | Efficiency Ratio (%) | 57.5% | 57.0% | 59.0% | 55.8% | 52.5% | 50.9% | 55.8% | 51.3% |
| ██▅▃▃▃▁▁ | Cost of Funds (%) | 1.90% | 1.86% | 1.64% | 1.43% | 1.47% | 1.42% | 1.25% | 1.22% |
| ▁▃▁▁▁█▂▁ | NPA / Assets (%) | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.08% | 0.02% | 0.01% |
| ▁▃▁▁▁█▂▁ | Net Charge-Off Ratio (%) | 0.01% | 0.05% | 0.00% | 0.00% | 0.01% | 0.14% | 0.03% | 0.01% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $74 | $85 | $80 | $86 | $91 | $98 | $98 | $102 |
| ▁▂▂▅▅▇▆█ | Gross Loans ($M) | $495 | $502 | $504 | $527 | $529 | $542 | $537 | $551 |
| ▁▁▅▂▄▃█▆ | Total Deposits ($M) | $821 | $817 | $864 | $829 | $860 | $849 | $906 | $874 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 19% |
| Agricultural | 8% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |