Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.57 | 1.34% |
| Return on Equity (%) | ▲ | 17.46% | +4.36 | 13.10% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.43 | 3.03% |
| Efficiency Ratio (%) | ▲ | 48.76% | -12.49 | 61.25% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.60 | $1 |
| Cost of Funds (%) | ▼ | 2.03% | +0.10 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $295 | +24.59 | $270 |
| Gross Loans ($M) | ▲ | $185 | +37.36 | $148 |
| Loan Growth YoY (%) | ▲ | 70.17% | +5.76 | 64.41% |
| Total Deposits ($M) | ▲ | $260 | +34.67 | $226 |
| Shareholders Equity ($M) | ▲ | $33 | +5.07 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +5.07 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +4.22 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 70.17% | +5.76 | 64.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.07 | 0.13% |
| Allowance / Loans (%) | — | 1.22% | -0.28% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.14 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃▆█ | Net Interest Margin (%) | 2.90% | 2.92% | 2.95% | 3.03% | 3.05% | 3.11% | 3.25% | 3.46% |
| ▂▂▁▁▁▂▅█ | Return on Assets (%) | 1.41% | 1.42% | 1.37% | 1.34% | 1.38% | 1.44% | 1.66% | 1.91% |
| ▆▆▇█▇▇▄▁ | Efficiency Ratio (%) | 57.6% | 58.0% | 59.6% | 61.3% | 59.6% | 59.1% | 54.3% | 48.8% |
| ▁▃▅▄▁█▅▇ | Cost of Funds (%) | 1.81% | 1.92% | 1.97% | 1.93% | 1.84% | 2.10% | 1.98% | 2.03% |
| ▃▃▁▆█▂▁▃ | NPA / Assets (%) | 0.06% | 0.07% | 0.03% | 0.13% | 0.16% | 0.04% | 0.02% | 0.06% |
| ▃▃▁▆█▂▁▂ | Net Charge-Off Ratio (%) | 0.11% | 0.13% | 0.06% | 0.23% | 0.30% | 0.08% | 0.04% | 0.09% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $24 | $26 | $27 | $28 | $29 | $30 | $32 | $33 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $134 | $131 | $140 | $148 | $156 | $158 | $173 | $185 |
| ▁▁▃▃▇▆██ | Total Deposits ($M) | $208 | $213 | $223 | $226 | $247 | $247 | $257 | $260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 13% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |