Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.44 | 1.10% |
| Return on Equity (%) | ▲ | 12.57% | +2.56 | 10.01% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.67 | 3.44% |
| Efficiency Ratio (%) | ▲ | 62.88% | -5.88 | 68.76% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.96 | $3 |
| Cost of Funds (%) | ▲ | 1.50% | -0.28 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $837 | -16.67 | $853 |
| Gross Loans ($M) | ▲ | $685 | +8.49 | $676 |
| Loan Growth YoY (%) | ▲ | 96.01% | +0.10 | 95.91% |
| Total Deposits ($M) | ▲ | $705 | +7.94 | $697 |
| Shareholders Equity ($M) | ▲ | $102 | +9.17 | $93 |
| Tang. Book Value ($M) | ▲ | $99 | +9.31 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +7.98 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 96.01% | +0.10 | 95.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.04 | 0.33% |
| Allowance / Loans (%) | — | 1.10% | 0.01% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.05 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.07% | 3.10% | 3.16% | 3.44% | 3.63% | 3.75% | 3.86% | 4.10% |
| ▁▁▁▄▅▆▇█ | Return on Assets (%) | 0.81% | 0.84% | 0.88% | 1.10% | 1.21% | 1.31% | 1.39% | 1.54% |
| ██▇▅▃▁▁▁ | Efficiency Ratio (%) | 73.5% | 72.5% | 71.4% | 68.8% | 66.0% | 64.0% | 63.1% | 62.9% |
| ██▇▄▄▃▂▁ | Cost of Funds (%) | 2.08% | 2.04% | 1.95% | 1.78% | 1.74% | 1.70% | 1.62% | 1.50% |
| ▇█▅▂▁▄▃▃ | NPA / Assets (%) | 0.88% | 1.00% | 0.60% | 0.33% | 0.16% | 0.52% | 0.38% | 0.37% |
| ▇█▂▂▁▄▃▂ | Net Charge-Off Ratio (%) | 1.14% | 1.29% | 0.38% | 0.40% | 0.18% | 0.62% | 0.46% | 0.45% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $83 | $86 | $86 | $89 | $91 | $95 | $97 | $99 |
| ▁▁▁▆▇█▇▇ | Gross Loans ($M) | $645 | $645 | $645 | $676 | $685 | $692 | $682 | $685 |
| ▁▂▁▇▅▅▆█ | Total Deposits ($M) | $645 | $653 | $642 | $697 | $674 | $678 | $689 | $705 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 15% |
| Agricultural | 17% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 22% |