Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.31 | 0.72% |
| Return on Equity (%) | ▲ | 11.49% | +2.70 | 8.79% |
| Net Interest Margin (%) | ▲ | 2.56% | +0.31 | 2.25% |
| Efficiency Ratio (%) | ▲ | 57.82% | -5.58 | 63.40% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 1.73% | -0.12 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $582 | +40.32 | $542 |
| Gross Loans ($M) | ▲ | $229 | +15.20 | $213 |
| Loan Growth YoY (%) | ▼ | 43.00% | -0.06 | 43.06% |
| Total Deposits ($M) | ▲ | $524 | +35.41 | $489 |
| Shareholders Equity ($M) | ▲ | $51 | +5.59 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +5.61 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +7.34 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 43.00% | -0.06 | 43.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.17 | 0.18% |
| Allowance / Loans (%) | — | 1.42% | 0.02% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.42 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.86% | -0.83 | 21.68% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▅█ | Net Interest Margin (%) | 2.25% | 2.27% | 2.26% | 2.25% | 2.31% | 2.38% | 2.43% | 2.56% |
| ██▅▁▃▅▄█ | Return on Assets (%) | 1.03% | 1.00% | 0.89% | 0.72% | 0.81% | 0.90% | 0.87% | 1.03% |
| ▃▄█▇▆▄▆▁ | Efficiency Ratio (%) | 60.2% | 60.6% | 64.9% | 63.4% | 62.6% | 60.6% | 62.3% | 57.8% |
| ▁▃█▇█▇█▂ | Cost of Funds (%) | 1.69% | 1.75% | 1.89% | 1.85% | 1.88% | 1.85% | 1.86% | 1.73% |
| ▃▁▁██▁▁▁ | NPA / Assets (%) | 0.06% | 0.02% | 0.01% | 0.18% | 0.16% | 0.01% | 0.02% | 0.01% |
| ▃▁▁██▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.04% | 0.03% | 0.45% | 0.42% | 0.03% | 0.05% | 0.03% |
| ▁▄▁▄▅███ | Tang. Book Value ($M) | $41 | $45 | $41 | $45 | $47 | $50 | $50 | $51 |
| ▁▂▃▄▄▆██ | Gross Loans ($M) | $204 | $209 | $210 | $213 | $216 | $221 | $228 | $229 |
| ▁▂▂▄▅▆▅█ | Total Deposits ($M) | $460 | $469 | $474 | $489 | $497 | $505 | $498 | $524 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 9% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |