Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.43 | 0.80% |
| Return on Equity (%) | ▲ | 10.92% | +3.20 | 7.72% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.30 | 2.93% |
| Efficiency Ratio (%) | ▲ | 51.95% | -6.14 | 58.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.43 | $1 |
| Cost of Funds (%) | ▲ | 1.47% | -0.15 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $443 | +11.36 | $432 |
| Gross Loans ($M) | ▲ | $273 | +11.70 | $261 |
| Loan Growth YoY (%) | ▲ | 75.96% | +1.88 | 74.08% |
| Total Deposits ($M) | ▲ | $354 | +7.10 | $347 |
| Shareholders Equity ($M) | ▲ | $50 | +3.95 | $46 |
| Tang. Book Value ($M) | ▲ | $41 | +3.96 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +3.93 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 75.96% | +1.88 | 74.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.45% | -0.15% | 1.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.95% | -0.10 | 15.05% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇▇█ | Net Interest Margin (%) | 2.38% | 2.54% | 2.59% | 2.93% | 2.99% | 3.04% | 3.07% | 3.23% |
| ▁▅▄▂▆▇▇█ | Return on Assets (%) | 0.70% | 0.97% | 0.95% | 0.80% | 1.05% | 1.11% | 1.12% | 1.23% |
| █▅▅▄▂▂▂▁ | Efficiency Ratio (%) | 64.4% | 58.3% | 58.6% | 58.1% | 54.8% | 53.8% | 53.8% | 51.9% |
| █▇▆▄▅▃▂▁ | Cost of Funds (%) | 1.79% | 1.72% | 1.68% | 1.62% | 1.63% | 1.58% | 1.52% | 1.47% |
| ▁▁▁▁▁██▁ | NPA / Assets (%) | 0.03% | 0.02% | 0.02% | 0.02% | 0.01% | 0.29% | 0.27% | 0.00% |
| ▁▁▁▁▁██▁ | Net Charge-Off Ratio (%) | 0.05% | 0.04% | 0.04% | 0.02% | 0.02% | 0.46% | 0.45% | 0.00% |
| ▁▅▃▄▆▇██ | Tang. Book Value ($M) | $32 | $37 | $35 | $37 | $39 | $40 | $42 | $41 |
| ▁▂▄▅▅▆██ | Gross Loans ($M) | $249 | $253 | $258 | $261 | $263 | $266 | $271 | $273 |
| █▁▅▃▂▁▇▆ | Total Deposits ($M) | $362 | $339 | $353 | $347 | $343 | $341 | $359 | $354 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 8% |
| Agricultural | 21% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |