Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.28% | -0.23 | 2.51% |
| Return on Equity (%) | ▼ | 25.69% | -6.36 | 32.05% |
| Net Interest Margin (%) | — | 5.13% | 0.00 | 5.13% |
| Efficiency Ratio (%) | ▼ | 54.41% | +3.13 | 51.28% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.03 | $6 |
| Cost of Funds (%) | ▼ | 0.92% | +0.02 | 0.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $884 | +48.73 | $835 |
| Gross Loans ($M) | ▲ | $642 | +64.22 | $578 |
| Loan Growth YoY (%) | ▲ | 79.43% | +4.48 | 74.95% |
| Total Deposits ($M) | ▲ | $798 | +37.39 | $761 |
| Shareholders Equity ($M) | ▲ | $78 | +10.68 | $68 |
| Tang. Book Value ($M) | ▲ | $77 | +10.84 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +10.15 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 79.43% | +4.48 | 74.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.41% | +1.39 | 0.02% |
| Allowance / Loans (%) | — | 1.28% | -0.07% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.94% | +1.91 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅██▃ | Net Interest Margin (%) | 5.07% | 5.06% | 5.10% | 5.13% | 5.17% | 5.24% | 5.27% | 5.13% |
| ▂▃▄▅▇██▁ | Return on Assets (%) | 2.36% | 2.43% | 2.46% | 2.51% | 2.64% | 2.70% | 2.69% | 2.28% |
| ▆▆▆▃▁▁▁█ | Efficiency Ratio (%) | 53.3% | 53.3% | 53.2% | 51.3% | 50.3% | 50.1% | 50.2% | 54.4% |
| ▁██▁▂▂▆▄ | Cost of Funds (%) | 0.89% | 0.94% | 0.95% | 0.89% | 0.90% | 0.90% | 0.93% | 0.92% |
| ▁▁▁▁▅▅▅█ | NPA / Assets (%) | 0.05% | 0.02% | 0.03% | 0.02% | 0.73% | 0.77% | 0.77% | 1.41% |
| ▁▁▁▁▅▅▅█ | Net Charge-Off Ratio (%) | 0.07% | 0.03% | 0.04% | 0.03% | 0.99% | 1.04% | 1.06% | 1.94% |
| ▁▄▁▄▅▇██ | Tang. Book Value ($M) | $59 | $66 | $60 | $66 | $68 | $74 | $77 | $77 |
| ▂▁▁▂▅▇██ | Gross Loans ($M) | $572 | $559 | $557 | $578 | $600 | $621 | $633 | $642 |
| ▁▃▃▄▁▄██ | Total Deposits ($M) | $730 | $750 | $749 | $761 | $736 | $762 | $793 | $798 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 7% |
| Agricultural | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 7% |