Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.31 | 1.21% |
| Return on Equity (%) | ▲ | 19.04% | +0.49 | 18.55% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.41 | 2.83% |
| Efficiency Ratio (%) | ▲ | 54.02% | -4.52 | 58.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.59 | $2 |
| Cost of Funds (%) | ▲ | 1.86% | -0.07 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $630 | +18.86 | $611 |
| Gross Loans ($M) | ▲ | $393 | +24.42 | $369 |
| Loan Growth YoY (%) | ▲ | 77.03% | +2.43 | 74.61% |
| Total Deposits ($M) | ▲ | $505 | +15.81 | $489 |
| Shareholders Equity ($M) | ▲ | $51 | +9.52 | $42 |
| Tang. Book Value ($M) | ▲ | $51 | +9.55 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +10.12 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 77.03% | +2.43 | 74.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.08 | 0.06% |
| Allowance / Loans (%) | — | 0.99% | 0.04% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.19 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.59% | +0.62 | 13.97% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.48% | 2.54% | 2.60% | 2.83% | 2.92% | 2.98% | 3.04% | 3.24% |
| ▁▂▂▅▆▆▆█ | Return on Assets (%) | 0.77% | 0.88% | 0.93% | 1.21% | 1.28% | 1.32% | 1.33% | 1.52% |
| █▇▆▃▂▂▂▁ | Efficiency Ratio (%) | 69.9% | 67.4% | 65.5% | 58.5% | 57.3% | 56.8% | 57.0% | 54.0% |
| ▇█▆▃▃▃▃▁ | Cost of Funds (%) | 2.01% | 2.05% | 1.99% | 1.93% | 1.92% | 1.92% | 1.93% | 1.86% |
| ▄▂▁▁▃▂██ | NPA / Assets (%) | 0.09% | 0.06% | 0.05% | 0.06% | 0.07% | 0.07% | 0.14% | 0.14% |
| ▅▄▁▁▂▂██ | Net Charge-Off Ratio (%) | 0.15% | 0.11% | 0.02% | 0.03% | 0.06% | 0.05% | 0.23% | 0.23% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $35 | $41 | $38 | $42 | $43 | $49 | $50 | $51 |
| ▁▁▄▅▅▇██ | Gross Loans ($M) | $344 | $346 | $364 | $369 | $373 | $383 | $391 | $393 |
| ▁▁▆▄███▆ | Total Deposits ($M) | $469 | $475 | $503 | $489 | $515 | $516 | $521 | $505 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 10% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |