Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.49% | +0.04 | 2.45% |
| Return on Equity (%) | ▼ | 11.25% | -0.81 | 12.06% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.06 | 4.21% |
| Efficiency Ratio (%) | ▼ | 32.46% | +1.02 | 31.44% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.19 | $5 |
| Cost of Funds (%) | ▲ | 0.84% | -0.09 | 0.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $613 | +12.82 | $600 |
| Gross Loans ($M) | ▲ | $274 | +48.44 | $225 |
| Loan Growth YoY (%) | ▲ | 64.31% | +11.87 | 52.43% |
| Total Deposits ($M) | ▼ | $422 | -4.01 | $426 |
| Shareholders Equity ($M) | ▲ | $135 | +12.84 | $122 |
| Tang. Book Value ($M) | ▲ | $135 | +12.84 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +10.11 | $137 |
| Loan / Deposit Ratio (%) | ▲ | 64.31% | +11.87 | 52.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.24 | 0.38% |
| Allowance / Loans (%) | — | 1.00% | -0.00% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +0.37 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆█▇█▆ | Net Interest Margin (%) | 3.87% | 3.91% | 3.97% | 4.21% | 4.41% | 4.31% | 4.35% | 4.27% |
| ▃▁▄▇███▇ | Return on Assets (%) | 2.21% | 2.08% | 2.31% | 2.45% | 2.55% | 2.53% | 2.57% | 2.49% |
| ▇▆█▁▁▁▁▃ | Efficiency Ratio (%) | 34.3% | 33.9% | 34.8% | 31.4% | 31.7% | 31.8% | 31.6% | 32.5% |
| ▆█▇▃▃▃▁▁ | Cost of Funds (%) | 1.09% | 1.19% | 1.14% | 0.93% | 0.96% | 0.94% | 0.88% | 0.84% |
| ▁▁▁▅▁▁▁█ | NPA / Assets (%) | 0.00% | 0.07% | 0.04% | 0.38% | 0.00% | 0.04% | 0.07% | 0.62% |
| ▁▂▁▆▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.20% | 0.10% | 1.01% | 0.00% | 0.10% | 0.15% | 1.39% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $112 | $115 | $118 | $122 | $126 | $129 | $133 | $135 |
| ▁▂▄▄▅▆██ | Gross Loans ($M) | $188 | $206 | $224 | $225 | $237 | $252 | $268 | $274 |
| ▇▂▃█▅▁▁▇ | Total Deposits ($M) | $420 | $404 | $408 | $426 | $414 | $399 | $399 | $422 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 10% |
| Agricultural | 27% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |