Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.45 | 0.71% |
| Return on Equity (%) | ▲ | 16.56% | +3.51 | 13.05% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.45 | 3.60% |
| Efficiency Ratio (%) | ▲ | 70.22% | -8.59 | 78.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $1 |
| Cost of Funds (%) | ▲ | 1.31% | -0.22 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $323 | +10.99 | $312 |
| Gross Loans ($M) | ▲ | $181 | +9.96 | $171 |
| Loan Growth YoY (%) | ▲ | 59.93% | +2.27 | 57.66% |
| Total Deposits ($M) | ▲ | $297 | +5.65 | $291 |
| Shareholders Equity ($M) | ▲ | $23 | +5.28 | $17 |
| Tang. Book Value ($M) | ▲ | $22 | +5.28 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +5.23 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 59.93% | +2.27 | 57.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.45 | 0.01% |
| Allowance / Loans (%) | — | 1.87% | -0.12% | 1.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.80 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.22% | +1.00 | 12.21% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▅▆█ | Net Interest Margin (%) | 3.14% | 3.21% | 3.27% | 3.60% | 3.64% | 3.70% | 3.77% | 4.05% |
| ▁▂▂▃▄▅▄█ | Return on Assets (%) | 0.46% | 0.57% | 0.63% | 0.71% | 0.73% | 0.84% | 0.72% | 1.16% |
| █▆▅▇▇▅█▁ | Efficiency Ratio (%) | 80.2% | 77.7% | 76.5% | 78.8% | 79.1% | 77.0% | 81.1% | 70.2% |
| ███▄▅▄▄▁ | Cost of Funds (%) | 1.78% | 1.73% | 1.75% | 1.52% | 1.55% | 1.54% | 1.50% | 1.31% |
| ▂▁▁▁▇▆██ | NPA / Assets (%) | 0.09% | 0.00% | 0.03% | 0.01% | 0.38% | 0.34% | 0.42% | 0.46% |
| ▁▁▁▁▇▇██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.05% | 0.02% | 0.68% | 0.62% | 0.75% | 0.82% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $13 | $16 | $16 | $17 | $18 | $20 | $21 | $22 |
| ▁▂▃▃▇▅▇█ | Gross Loans ($M) | $166 | $169 | $170 | $171 | $178 | $175 | $178 | $181 |
| ▂▁▂▄▄█▁█ | Total Deposits ($M) | $287 | $286 | $288 | $291 | $290 | $297 | $285 | $297 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 16% |
| Agricultural | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |