Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.05 | 0.52% |
| Return on Equity (%) | ▼ | 7.56% | -0.02 | 7.58% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.40 | 3.32% |
| Efficiency Ratio (%) | ▲ | 81.66% | -1.71 | 83.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.21 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $562 | +20.60 | $542 |
| Gross Loans ($M) | ▲ | $394 | +19.46 | $375 |
| Loan Growth YoY (%) | ▲ | 78.64% | +2.28 | 76.36% |
| Total Deposits ($M) | ▲ | $495 | +9.90 | $485 |
| Shareholders Equity ($M) | ▲ | $42 | +4.12 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +4.79 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +4.90 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 78.64% | +2.28 | 76.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.05% | 0.00 | 0.05% |
| Allowance / Loans (%) | — | 1.15% | 0.10% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.74% | +0.28 | 11.46% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▂▄▆▇█ | Net Interest Margin (%) | 3.22% | 3.26% | 3.43% | 3.32% | 3.45% | 3.56% | 3.62% | 3.72% |
| ▁▄█▂▂▃▅▅ | Return on Assets (%) | 0.49% | 0.56% | 0.63% | 0.52% | 0.51% | 0.54% | 0.56% | 0.56% |
| █▅▁█▇▇▆▆ | Efficiency Ratio (%) | 83.9% | 81.5% | 77.9% | 83.4% | 83.0% | 82.5% | 82.1% | 81.7% |
| ▅▆▇██▆▁▁ | Cost of Funds (%) | 1.80% | 1.82% | 1.84% | 1.88% | 1.88% | 1.81% | 1.67% | 1.66% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.13% | 0.13% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $33 | $36 | $35 | $36 | $38 | $40 | $41 | $41 |
| ▁▂▃▄▇▆▅█ | Gross Loans ($M) | $356 | $363 | $369 | $375 | $385 | $383 | $378 | $394 |
| ▁▄▄▇▅▄▆█ | Total Deposits ($M) | $451 | $469 | $471 | $485 | $479 | $468 | $484 | $495 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 18% |