Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.34 | 0.78% |
| Return on Equity (%) | ▲ | 16.12% | +3.39 | 12.73% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.37 | 3.76% |
| Efficiency Ratio (%) | ▲ | 71.62% | -7.04 | 78.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.11 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $351 | +21.71 | $329 |
| Gross Loans ($M) | ▲ | $263 | +28.78 | $234 |
| Loan Growth YoY (%) | ▲ | 81.66% | +5.97 | 75.69% |
| Total Deposits ($M) | ▲ | $318 | +12.57 | $305 |
| Shareholders Equity ($M) | ▲ | $25 | +4.11 | $21 |
| Tang. Book Value ($M) | ▲ | $24 | +4.04 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.32 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 81.66% | +5.97 | 75.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.01 | 0.28% |
| Allowance / Loans (%) | — | 1.20% | -0.02% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.03 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.37% | -0.35 | 10.72% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 3.38% | 3.44% | 3.52% | 3.76% | 3.83% | 3.90% | 3.93% | 4.13% |
| ▁▁▁▃▅▆▆█ | Return on Assets (%) | 0.65% | 0.69% | 0.69% | 0.78% | 0.93% | 1.00% | 0.96% | 1.13% |
| ███▇▄▂▃▁ | Efficiency Ratio (%) | 79.6% | 79.1% | 79.7% | 78.7% | 75.7% | 73.6% | 74.6% | 71.6% |
| ██▅▂▃▂▂▁ | Cost of Funds (%) | 2.08% | 2.13% | 1.92% | 1.79% | 1.84% | 1.77% | 1.74% | 1.68% |
| ▃▃▁▅▃▇█▄ | NPA / Assets (%) | 0.23% | 0.22% | 0.16% | 0.28% | 0.24% | 0.34% | 0.38% | 0.27% |
| ▂▃▁▅▃▇█▄ | Net Charge-Off Ratio (%) | 0.28% | 0.32% | 0.23% | 0.39% | 0.33% | 0.46% | 0.51% | 0.36% |
| ▁▄▁▃▃▆▇█ | Tang. Book Value ($M) | $19 | $21 | $19 | $20 | $21 | $23 | $24 | $24 |
| ▁▁▂▂▃▆██ | Gross Loans ($M) | $225 | $227 | $233 | $234 | $238 | $252 | $266 | $263 |
| ▂▁▃▁▂▅▄█ | Total Deposits ($M) | $306 | $304 | $309 | $305 | $306 | $312 | $310 | $318 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Agricultural | 8% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 3% |