Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.84% | +0.81 | 2.04% |
| Return on Equity (%) | ▲ | 23.96% | +5.22 | 18.74% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.32 | 4.11% |
| Efficiency Ratio (%) | ▲ | 38.87% | -8.16 | 47.03% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 1.75% | -0.09 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $125 | +7.62 | $117 |
| Gross Loans ($M) | ▲ | $84 | +8.00 | $76 |
| Loan Growth YoY (%) | ▲ | 92.34% | +6.54 | 85.80% |
| Total Deposits ($M) | ▲ | $90 | +2.37 | $87 |
| Shareholders Equity ($M) | ▲ | $15 | +2.30 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +2.30 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +2.30 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 92.34% | +6.54 | 85.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.35 | 0.00% |
| Allowance / Loans (%) | — | 1.54% | -0.02% | 1.55% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.52 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.63% | 3.71% | 3.78% | 4.11% | 4.19% | 4.26% | 4.28% | 4.43% |
| ▁▁▁▄▄▄▃█ | Return on Assets (%) | 1.56% | 1.56% | 1.54% | 2.04% | 2.04% | 2.07% | 1.98% | 2.84% |
| ███▅▅▅▅▁ | Efficiency Ratio (%) | 54.7% | 54.1% | 54.4% | 47.0% | 47.6% | 47.1% | 48.7% | 38.9% |
| ▆█▆▃▃▃▁▁ | Cost of Funds (%) | 1.99% | 2.10% | 1.98% | 1.85% | 1.86% | 1.87% | 1.77% | 1.75% |
| ▁▁▁▁▁▁▃█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.35% |
| ▁▁▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% | 0.52% |
| ▁▃▃▃▄▆▇█ | Tang. Book Value ($M) | $11 | $12 | $12 | $12 | $13 | $13 | $14 | $15 |
| ▁▅▅▁▅▂██ | Gross Loans ($M) | $76 | $80 | $80 | $76 | $81 | $77 | $84 | $84 |
| ▁▂▄▄▄▄█▅ | Total Deposits ($M) | $82 | $83 | $87 | $87 | $87 | $87 | $95 | $90 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 23% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 7% |