Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.07 | 1.33% |
| Return on Equity (%) | ▲ | 13.62% | +0.95 | 12.67% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.20 | 3.51% |
| Efficiency Ratio (%) | ▲ | 54.85% | -1.19 | 56.04% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.30 | $2 |
| Cost of Funds (%) | ▲ | 0.93% | -0.16 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $456 | +33.83 | $422 |
| Gross Loans ($M) | ▲ | $222 | +23.79 | $198 |
| Loan Growth YoY (%) | ▲ | 54.22% | +1.57 | 52.65% |
| Total Deposits ($M) | ▲ | $405 | +32.41 | $373 |
| Shareholders Equity ($M) | ▲ | $47 | +1.34 | $45 |
| Tang. Book Value ($M) | ▲ | $47 | +1.34 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +1.38 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 54.22% | +1.57 | 52.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.04 | 0.05% |
| Allowance / Loans (%) | — | 0.98% | 0.06% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.09 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 3.40% | 3.43% | 3.45% | 3.51% | 3.62% | 3.67% | 3.70% | 3.71% |
| ▂▃▁▇▇▇▆█ | Return on Assets (%) | 1.14% | 1.18% | 1.09% | 1.33% | 1.33% | 1.34% | 1.30% | 1.40% |
| █▆█▁▂▂▄▁ | Efficiency Ratio (%) | 64.4% | 62.3% | 64.8% | 56.0% | 56.8% | 56.9% | 58.8% | 54.8% |
| ▆█▇█▆▄▁▁ | Cost of Funds (%) | 1.04% | 1.07% | 1.05% | 1.09% | 1.03% | 1.00% | 0.95% | 0.93% |
| ▄▁▁█▁▁▁▂ | NPA / Assets (%) | 0.02% | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▃▁▁█▁▁▁▂ | Net Charge-Off Ratio (%) | 0.04% | 0.01% | 0.01% | 0.11% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▁▄▂▅▆█▅▆ | Tang. Book Value ($M) | $41 | $45 | $43 | $45 | $46 | $49 | $46 | $47 |
| ▁▁▂▂▄▄▇█ | Gross Loans ($M) | $190 | $194 | $196 | $198 | $203 | $206 | $214 | $222 |
| ▁▁▃▄▄▄▇█ | Total Deposits ($M) | $345 | $351 | $367 | $373 | $372 | $372 | $393 | $405 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |