Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.19 | 0.82% |
| Return on Equity (%) | ▲ | 16.43% | +1.59 | 14.84% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.26 | 2.82% |
| Efficiency Ratio (%) | ▲ | 69.72% | -3.40 | 73.12% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.22 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $418 | +9.05 | $409 |
| Gross Loans ($M) | ▲ | $191 | +5.61 | $186 |
| Loan Growth YoY (%) | ▲ | 56.15% | +0.79 | 55.36% |
| Total Deposits ($M) | ▲ | $338 | +5.38 | $333 |
| Shareholders Equity ($M) | ▲ | $26 | +2.62 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +2.62 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.84 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 56.15% | +0.79 | 55.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.04 | 0.16% |
| Allowance / Loans (%) | — | 0.81% | -0.04% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.06 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.11% | -0.59 | 16.70% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 2.53% | 2.55% | 2.58% | 2.82% | 2.86% | 2.94% | 2.97% | 3.08% |
| ▁▁▁▃▄▅▆█ | Return on Assets (%) | 0.72% | 0.74% | 0.75% | 0.82% | 0.83% | 0.90% | 0.91% | 1.01% |
| ███▇▇▄▅▁ | Efficiency Ratio (%) | 73.8% | 73.6% | 73.4% | 73.1% | 73.0% | 71.7% | 71.8% | 69.7% |
| ██▇▄▅▄▂▁ | Cost of Funds (%) | 2.09% | 2.12% | 2.01% | 1.88% | 1.91% | 1.88% | 1.76% | 1.66% |
| ▂██▅▁▇▅▆ | NPA / Assets (%) | 0.10% | 0.25% | 0.26% | 0.16% | 0.05% | 0.22% | 0.16% | 0.20% |
| ▂██▅▁▇▅▆ | Net Charge-Off Ratio (%) | 0.21% | 0.53% | 0.53% | 0.35% | 0.11% | 0.47% | 0.35% | 0.41% |
| ▁▃▂▅▄▇██ | Tang. Book Value ($M) | $20 | $22 | $21 | $23 | $23 | $25 | $26 | $26 |
| ▁▁▄▃▆▇██ | Gross Loans ($M) | $184 | $184 | $187 | $186 | $190 | $191 | $192 | $191 |
| ▁▁▁▆▆▅▇█ | Total Deposits ($M) | $321 | $319 | $319 | $333 | $333 | $329 | $336 | $338 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 11% |