Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.25 | 1.06% |
| Return on Equity (%) | ▼ | 16.52% | -0.28 | 16.80% |
| Net Interest Margin (%) | ▲ | 5.57% | +0.83 | 4.74% |
| Efficiency Ratio (%) | ▲ | 65.98% | -5.58 | 71.57% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.12% | -0.09 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +5.24 | $240 |
| Gross Loans ($M) | ▲ | $161 | +13.72 | $148 |
| Loan Growth YoY (%) | ▲ | 70.86% | +5.74 | 65.12% |
| Total Deposits ($M) | ▲ | $223 | +0.37 | $223 |
| Shareholders Equity ($M) | ▲ | $20 | +4.25 | $15 |
| Tang. Book Value ($M) | ▲ | $20 | +4.25 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +4.82 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 70.86% | +5.74 | 65.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -1.17 | 1.38% |
| Allowance / Loans (%) | — | 2.17% | 0.26% | 1.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -2.24 | 2.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.20% | +1.30 | 12.90% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▃▄▅█ | Net Interest Margin (%) | 4.60% | 4.79% | 4.85% | 4.74% | 4.92% | 5.02% | 5.11% | 5.57% |
| ▁▁▃▁▁▃▃█ | Return on Assets (%) | 1.04% | 1.07% | 1.11% | 1.06% | 1.05% | 1.13% | 1.13% | 1.31% |
| ▄▄▄██▆▆▁ | Efficiency Ratio (%) | 68.7% | 68.4% | 68.5% | 71.6% | 71.7% | 70.1% | 70.2% | 66.0% |
| ▇██▆▅▆▇▁ | Cost of Funds (%) | 1.22% | 1.24% | 1.25% | 1.21% | 1.19% | 1.20% | 1.22% | 1.12% |
| ▄█▇█▂▃▁▁ | NPA / Assets (%) | 0.65% | 1.23% | 1.18% | 1.38% | 0.43% | 0.59% | 0.24% | 0.20% |
| ▄▇▇█▃▁▁▁ | Net Charge-Off Ratio (%) | 1.01% | 1.87% | 1.91% | 2.24% | 0.71% | 0.11% | 0.06% | 0.00% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $13 | $15 | $14 | $15 | $16 | $18 | $19 | $20 |
| ▁▁▁▂▂▆█▇ | Gross Loans ($M) | $145 | $145 | $143 | $148 | $149 | $158 | $165 | $161 |
| ▂▁▄▆▇█▇▆ | Total Deposits ($M) | $208 | $204 | $216 | $223 | $226 | $230 | $225 | $223 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 10% |