Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.46 | 0.85% |
| Return on Equity (%) | ▲ | 15.88% | +2.70 | 13.18% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.52 | 2.77% |
| Efficiency Ratio (%) | ▲ | 66.67% | -8.25 | 74.91% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $0 |
| Cost of Funds (%) | ▲ | 1.29% | -0.22 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $192 | -0.62 | $193 |
| Gross Loans ($M) | ▲ | $112 | +11.63 | $100 |
| Loan Growth YoY (%) | ▲ | 65.14% | +7.85 | 57.29% |
| Total Deposits ($M) | ▼ | $169 | -2.89 | $172 |
| Shareholders Equity ($M) | ▲ | $16 | +3.16 | $13 |
| Tang. Book Value ($M) | ▲ | $14 | +3.18 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +3.19 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 65.14% | +7.85 | 57.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.04% | +1.36 | 0.68% |
| Allowance / Loans (%) | — | 1.21% | -0.16% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 3.51% | +2.19 | 1.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.57% | -0.28 | 13.84% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 2.66% | 2.63% | 2.62% | 2.77% | 2.86% | 2.91% | 2.95% | 3.29% |
| ▂▁▁▁▃▄▅█ | Return on Assets (%) | 0.92% | 0.84% | 0.80% | 0.85% | 0.99% | 1.03% | 1.06% | 1.31% |
| ▅▇▇█▆▅▅▁ | Efficiency Ratio (%) | 71.8% | 73.5% | 73.6% | 74.9% | 72.4% | 71.6% | 70.9% | 66.7% |
| ▅▇█▄▃▂▂▁ | Cost of Funds (%) | 1.55% | 1.66% | 1.74% | 1.51% | 1.44% | 1.40% | 1.38% | 1.29% |
| ▂▂▁▁▃▁▁█ | NPA / Assets (%) | 0.85% | 0.84% | 0.69% | 0.68% | 1.11% | 0.68% | 0.66% | 2.04% |
| ▂▂▁▁▄▁▁█ | Net Charge-Off Ratio (%) | 1.54% | 1.55% | 1.24% | 1.32% | 2.09% | 1.23% | 1.18% | 3.51% |
| ▁▄▁▃▃▇██ | Tang. Book Value ($M) | $9 | $11 | $9 | $11 | $11 | $13 | $13 | $14 |
| ▅▅▅▁▁▄▇█ | Gross Loans ($M) | $107 | $106 | $107 | $100 | $100 | $105 | $110 | $112 |
| ▇█▇▆▁▂█▂ | Total Deposits ($M) | $173 | $174 | $173 | $172 | $168 | $169 | $173 | $169 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 14% |
| Agricultural | 10% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |