Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +0.26 | 1.58% |
| Return on Equity (%) | ▲ | 16.49% | +1.03 | 15.46% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.27 | 3.81% |
| Efficiency Ratio (%) | ▲ | 50.31% | -2.47 | 52.78% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.68 | $5 |
| Cost of Funds (%) | ▲ | 1.51% | -0.26 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $901 | -6.74 | $908 |
| Gross Loans ($M) | ▲ | $642 | +22.13 | $620 |
| Loan Growth YoY (%) | ▼ | 82.58% | -6.22 | 88.80% |
| Total Deposits ($M) | ▲ | $769 | +78.50 | $690 |
| Shareholders Equity ($M) | ▲ | $104 | +8.48 | $96 |
| Tang. Book Value ($M) | ▲ | $84 | +8.81 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +7.74 | $86 |
| Loan / Deposit Ratio (%) | ▼ | 82.58% | -6.22 | 88.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.19 | 0.12% |
| Allowance / Loans (%) | — | 1.11% | -0.01% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.08 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▅█ | Net Interest Margin (%) | 3.66% | 3.65% | 3.64% | 3.81% | 3.86% | 3.89% | 3.90% | 4.08% |
| ▁▁▁▄▅▅▅█ | Return on Assets (%) | 1.34% | 1.35% | 1.38% | 1.58% | 1.60% | 1.65% | 1.64% | 1.84% |
| ██▇▃▃▂▃▁ | Efficiency Ratio (%) | 57.6% | 56.9% | 56.2% | 52.8% | 52.5% | 51.4% | 52.8% | 50.3% |
| ▇█▇▆▆▇▅▁ | Cost of Funds (%) | 1.82% | 1.92% | 1.83% | 1.77% | 1.78% | 1.83% | 1.76% | 1.51% |
| ▁▁▁▃▄▃██ | NPA / Assets (%) | 0.01% | 0.04% | 0.03% | 0.12% | 0.14% | 0.10% | 0.29% | 0.31% |
| ▁▂▂▆▇▅██ | Net Charge-Off Ratio (%) | 0.02% | 0.06% | 0.05% | 0.18% | 0.20% | 0.14% | 0.23% | 0.26% |
| ▁▃▂▄▅█▇█ | Tang. Book Value ($M) | $68 | $73 | $71 | $75 | $78 | $84 | $81 | $84 |
| ▁▂▅▅▆██▇ | Gross Loans ($M) | $560 | $575 | $619 | $620 | $635 | $664 | $666 | $642 |
| ▂▁▁▃▅▃▄█ | Total Deposits ($M) | $680 | $659 | $667 | $690 | $717 | $697 | $713 | $769 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 8% |
| Agricultural | 28% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |