Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.29 | 1.52% |
| Return on Equity (%) | ▲ | 17.35% | +2.05 | 15.30% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.33 | 4.09% |
| Efficiency Ratio (%) | ▼ | 60.42% | +0.28 | 60.14% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.30 | $2 |
| Cost of Funds (%) | ▲ | 1.50% | -0.11 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $554 | +22.69 | $532 |
| Gross Loans ($M) | ▲ | $423 | +24.23 | $399 |
| Loan Growth YoY (%) | ▲ | 84.29% | +1.86 | 82.43% |
| Total Deposits ($M) | ▲ | $493 | +18.09 | $475 |
| Shareholders Equity ($M) | ▲ | $58 | +4.15 | $53 |
| Tang. Book Value ($M) | ▲ | $48 | +4.23 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +4.55 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 84.29% | +1.86 | 82.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.24 | 0.39% |
| Allowance / Loans (%) | — | 1.67% | -0.06% | 1.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.32 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▇▇█ | Net Interest Margin (%) | 3.92% | 3.98% | 4.01% | 4.09% | 4.20% | 4.30% | 4.34% | 4.42% |
| ▁▂▁▄▇█▇█ | Return on Assets (%) | 1.34% | 1.44% | 1.38% | 1.52% | 1.71% | 1.81% | 1.74% | 1.81% |
| █▆█▄▂▁▅▄ | Efficiency Ratio (%) | 62.9% | 61.3% | 62.8% | 60.1% | 59.5% | 58.3% | 60.8% | 60.4% |
| ██▆▄▂▇▄▁ | Cost of Funds (%) | 1.73% | 1.72% | 1.65% | 1.61% | 1.55% | 1.68% | 1.59% | 1.50% |
| ▁▂▃█▃▁▁▃ | NPA / Assets (%) | 0.08% | 0.09% | 0.16% | 0.39% | 0.15% | 0.05% | 0.08% | 0.15% |
| ▁▂▃█▃▁▁▃ | Net Charge-Off Ratio (%) | 0.10% | 0.13% | 0.21% | 0.52% | 0.20% | 0.06% | 0.10% | 0.19% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $41 | $44 | $42 | $44 | $45 | $48 | $49 | $48 |
| ▁▁▃▃▇██▇ | Gross Loans ($M) | $387 | $392 | $398 | $399 | $423 | $430 | $431 | $423 |
| ▁▂▄▅████ | Total Deposits ($M) | $451 | $460 | $468 | $475 | $494 | $494 | $495 | $493 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 7% |