Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.73% | +1.66 | 1.07% |
| Return on Equity (%) | ▲ | 29.85% | +17.42 | 12.43% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.35 | 3.85% |
| Efficiency Ratio (%) | ▲ | 43.68% | -18.65 | 62.33% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.06 | $1 |
| Cost of Funds (%) | ▲ | 2.47% | -0.33 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $447 | +46.19 | $401 |
| Gross Loans ($M) | ▲ | $339 | +31.00 | $308 |
| Loan Growth YoY (%) | ▼ | 83.09% | -0.49 | 83.59% |
| Total Deposits ($M) | ▲ | $403 | +39.11 | $364 |
| Shareholders Equity ($M) | ▲ | $42 | +6.67 | $35 |
| Tang. Book Value ($M) | ▲ | $39 | +6.57 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +6.60 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 83.09% | -0.49 | 83.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.18% | +0.13 | 2.05% |
| Allowance / Loans (%) | — | 1.06% | -0.01% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 2.31% | -0.23 | 2.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.68% | +0.28 | 11.39% |
Noninterest income ($2.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▃▁▅▇██ | Net Interest Margin (%) | 3.94% | 3.93% | 3.97% | 3.85% | 4.06% | 4.16% | 4.22% | 4.20% |
| ▁▁▁▁▁▂▂█ | Return on Assets (%) | 1.07% | 1.14% | 1.20% | 1.07% | 1.26% | 1.33% | 1.38% | 2.73% |
| ██▇█▇▆▆▁ | Efficiency Ratio (%) | 63.6% | 62.1% | 60.8% | 62.3% | 58.7% | 57.5% | 57.1% | 43.7% |
| ▇▇█▅▆▄▁▁ | Cost of Funds (%) | 2.89% | 2.89% | 3.00% | 2.80% | 2.81% | 2.71% | 2.52% | 2.47% |
| ▁▂▂█████ | NPA / Assets (%) | 0.00% | 0.46% | 0.45% | 2.05% | 2.24% | 2.30% | 2.25% | 2.18% |
| ▁▂▂███▇▇ | Net Charge-Off Ratio (%) | 0.00% | 0.61% | 0.61% | 2.54% | 2.68% | 2.89% | 2.30% | 2.31% |
| ▁▂▂▃▄▆▆█ | Tang. Book Value ($M) | $29 | $31 | $31 | $33 | $34 | $36 | $36 | $39 |
| ▁▁▁▄▆▇██ | Gross Loans ($M) | $284 | $289 | $291 | $308 | $323 | $331 | $336 | $339 |
| ▁▃▄▄▅▆▇█ | Total Deposits ($M) | $330 | $351 | $359 | $364 | $367 | $376 | $390 | $403 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Agricultural | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |