Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.36% | +0.29 | 2.08% |
| Return on Equity (%) | ▲ | 19.17% | +0.77 | 18.40% |
| Net Interest Margin (%) | ▲ | 4.49% | +0.41 | 4.08% |
| Efficiency Ratio (%) | ▲ | 54.72% | -1.34 | 56.06% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.30 | $2 |
| Cost of Funds (%) | ▲ | 0.68% | -0.35 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $423 | +6.84 | $416 |
| Gross Loans ($M) | ▲ | $274 | +21.16 | $253 |
| Loan Growth YoY (%) | ▲ | 74.75% | +1.25 | 73.50% |
| Total Deposits ($M) | ▲ | $363 | +22.27 | $341 |
| Shareholders Equity ($M) | ▲ | $53 | +4.36 | $49 |
| Tang. Book Value ($M) | ▲ | $53 | +4.40 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +4.05 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 74.75% | +1.25 | 73.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.94% | 0.02% | 0.92% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -18.59 | 18.59% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 3.74% | 3.83% | 3.90% | 4.08% | 4.22% | 4.28% | 4.37% | 4.49% |
| ▁▃▄▁▆▇██ | Return on Assets (%) | 2.04% | 2.16% | 2.21% | 2.08% | 2.27% | 2.34% | 2.39% | 2.36% |
| ▄▂▁█▅▃▂▆ | Efficiency Ratio (%) | 54.1% | 52.8% | 52.3% | 56.1% | 54.2% | 53.3% | 53.0% | 54.7% |
| █▆▆█▅▅▃▁ | Cost of Funds (%) | 1.01% | 0.94% | 0.93% | 1.03% | 0.86% | 0.86% | 0.77% | 0.68% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▃▅▆█▆▇ | Tang. Book Value ($M) | $42 | $47 | $46 | $49 | $52 | $55 | $52 | $53 |
| ▁▁▄▃▄▆██ | Gross Loans ($M) | $241 | $242 | $254 | $253 | $256 | $262 | $271 | $274 |
| ▂▁▄▄▃▅██ | Total Deposits ($M) | $333 | $323 | $340 | $341 | $338 | $343 | $361 | $363 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 3% |