Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.37 | 0.92% |
| Return on Equity (%) | ▲ | 17.64% | +5.83 | 11.81% |
| Net Interest Margin (%) | ▼ | 3.48% | -0.17 | 3.65% |
| Efficiency Ratio (%) | ▲ | 66.49% | -3.00 | 69.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▼ | 1.40% | +0.03 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $466 | +43.37 | $422 |
| Gross Loans ($M) | ▲ | $202 | +3.29 | $199 |
| Loan Growth YoY (%) | ▼ | 46.59% | -5.06 | 51.65% |
| Total Deposits ($M) | ▲ | $427 | +48.45 | $378 |
| Shareholders Equity ($M) | ▼ | $34 | -0.02 | $34 |
| Tang. Book Value ($M) | ▼ | $32 | -0.02 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +0.02 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 46.59% | -5.06 | 51.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.59 | 0.10% |
| Allowance / Loans (%) | — | 1.52% | -0.09% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 1.58% | +1.42 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.62% | -1.09 | 19.71% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁██▆▇▁ | Net Interest Margin (%) | 3.46% | 3.46% | 3.47% | 3.65% | 3.64% | 3.59% | 3.61% | 3.48% |
| ▇▅▅▁███▇ | Return on Assets (%) | 1.24% | 1.16% | 1.19% | 0.92% | 1.35% | 1.31% | 1.33% | 1.29% |
| ▂▅▄█▁▂▁▅ | Efficiency Ratio (%) | 64.2% | 66.5% | 66.1% | 69.5% | 63.5% | 64.7% | 63.3% | 66.5% |
| ▁█▅▂▁▇█▃ | Cost of Funds (%) | 1.34% | 1.53% | 1.44% | 1.37% | 1.34% | 1.48% | 1.51% | 1.40% |
| ▁▁▁▁▁▁█▇ | NPA / Assets (%) | 0.10% | 0.10% | 0.11% | 0.10% | 0.06% | 0.06% | 0.84% | 0.68% |
| ▁▁▁▁▁▁█▇ | Net Charge-Off Ratio (%) | 0.24% | 0.22% | 0.25% | 0.16% | 0.14% | 0.14% | 1.88% | 1.58% |
| ▂█▃▆▁▄▅▆ | Tang. Book Value ($M) | $28 | $35 | $29 | $32 | $26 | $29 | $31 | $32 |
| ▁▁▁▆▇▆█▇ | Gross Loans ($M) | $186 | $188 | $185 | $199 | $200 | $199 | $204 | $202 |
| ▁▁▂▃▅▇▇█ | Total Deposits ($M) | $362 | $366 | $373 | $378 | $401 | $417 | $417 | $427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 7% |