Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.55 | 0.79% |
| Return on Equity (%) | ▲ | 16.85% | +5.42 | 11.43% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.47 | 2.91% |
| Efficiency Ratio (%) | ▲ | 48.80% | -12.94 | 61.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.16 | $1 |
| Cost of Funds (%) | ▲ | 1.92% | -0.36 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $474 | +46.26 | $428 |
| Gross Loans ($M) | ▲ | $228 | +32.60 | $195 |
| Loan Growth YoY (%) | ▲ | 66.60% | +2.51 | 64.09% |
| Total Deposits ($M) | ▲ | $337 | +36.79 | $301 |
| Shareholders Equity ($M) | ▲ | $37 | +7.16 | $30 |
| Tang. Book Value ($M) | ▲ | $37 | +7.16 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +7.00 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 66.60% | +2.51 | 64.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.10 | 0.23% |
| Allowance / Loans (%) | — | 1.42% | 0.04% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.22 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.70% | +0.50 | 11.20% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▄▁▃▅▆█ | Net Interest Margin (%) | 3.17% | 3.18% | 3.14% | 2.91% | 3.07% | 3.17% | 3.25% | 3.38% |
| ▅▅▅▁▃▄▅█ | Return on Assets (%) | 1.10% | 1.08% | 1.09% | 0.79% | 0.99% | 1.04% | 1.13% | 1.34% |
| ▅▅▅█▆▆▆▁ | Efficiency Ratio (%) | 56.1% | 55.7% | 55.5% | 61.7% | 58.2% | 58.0% | 57.3% | 48.8% |
| ▅▄██▅▄▃▁ | Cost of Funds (%) | 2.11% | 2.07% | 2.28% | 2.28% | 2.11% | 2.09% | 2.04% | 1.92% |
| ▄▆▅▆██▅▁ | NPA / Assets (%) | 0.20% | 0.23% | 0.21% | 0.23% | 0.27% | 0.28% | 0.21% | 0.13% |
| ▃▆▄▆██▅▁ | Net Charge-Off Ratio (%) | 0.37% | 0.47% | 0.41% | 0.48% | 0.56% | 0.57% | 0.41% | 0.25% |
| ▁▄▂▂▄▆██ | Tang. Book Value ($M) | $27 | $31 | $29 | $30 | $32 | $34 | $36 | $37 |
| ▁▁▁▂▄▄▆█ | Gross Loans ($M) | $185 | $187 | $189 | $195 | $201 | $206 | $215 | $228 |
| ▁▁▃▂▁▁▃█ | Total Deposits ($M) | $291 | $295 | $303 | $301 | $293 | $294 | $306 | $337 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 21% |