Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.44 | 1.15% |
| Return on Equity (%) | ▲ | 10.38% | +2.42 | 7.96% |
| Net Interest Margin (%) | ▲ | 4.79% | +0.34 | 4.44% |
| Efficiency Ratio (%) | ▲ | 61.18% | -9.49 | 70.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.97 | $2 |
| Cost of Funds (%) | ▲ | 1.52% | -0.08 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $575 | +48.05 | $527 |
| Gross Loans ($M) | ▲ | $411 | +53.44 | $357 |
| Loan Growth YoY (%) | ▲ | 88.33% | +8.59 | 79.74% |
| Total Deposits ($M) | ▲ | $461 | +17.53 | $444 |
| Shareholders Equity ($M) | ▲ | $91 | +10.21 | $81 |
| Tang. Book Value ($M) | ▲ | $91 | +10.21 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +10.10 | $85 |
| Loan / Deposit Ratio (%) | ▲ | 88.33% | +8.59 | 79.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.46% | -0.46 | 2.92% |
| Allowance / Loans (%) | — | 0.81% | -0.16% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.69 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▇▇█ | Net Interest Margin (%) | 4.20% | 4.23% | 4.24% | 4.44% | 4.56% | 4.66% | 4.64% | 4.79% |
| ▁▂▁▂▂▃▁█ | Return on Assets (%) | 1.07% | 1.15% | 1.11% | 1.15% | 1.18% | 1.25% | 1.10% | 1.59% |
| ▇▆█▇▇▆█▁ | Efficiency Ratio (%) | 70.7% | 70.2% | 73.5% | 70.7% | 70.7% | 69.6% | 73.8% | 61.2% |
| ▄█▃▃▂▃▁▁ | Cost of Funds (%) | 1.65% | 1.85% | 1.61% | 1.60% | 1.56% | 1.60% | 1.51% | 1.52% |
| ▁█▇▇▇▇▆▅ | NPA / Assets (%) | 1.63% | 3.17% | 2.85% | 2.92% | 2.97% | 2.86% | 2.70% | 2.46% |
| ▁█▃▃▂▁▂▁ | Net Charge-Off Ratio (%) | 0.91% | 3.08% | 1.65% | 1.61% | 1.29% | 1.13% | 1.33% | 0.92% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $71 | $75 | $74 | $81 | $83 | $85 | $87 | $91 |
| ▁▁▂▂▄▄██ | Gross Loans ($M) | $344 | $351 | $357 | $357 | $371 | $375 | $407 | $411 |
| ▁▁▇▃▃▃█▆ | Total Deposits ($M) | $426 | $431 | $471 | $444 | $441 | $440 | $478 | $461 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |