Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 6.48% | +4.61 | 1.86% |
| Return on Equity (%) | ▲ | 56.35% | +39.05 | 17.30% |
| Net Interest Margin (%) | ▼ | 4.23% | -0.37 | 4.59% |
| Efficiency Ratio (%) | ▲ | 24.31% | -25.04 | 49.35% |
| Pre-Provision Profit ($M) | ▲ | $7 | +5.14 | $2 |
| Cost of Funds (%) | ▲ | 1.53% | -0.32 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $320 | +47.87 | $272 |
| Gross Loans ($M) | ▼ | $195 | -11.26 | $206 |
| Loan Growth YoY (%) | ▼ | 69.32% | -15.69 | 85.01% |
| Total Deposits ($M) | ▲ | $278 | +37.72 | $241 |
| Shareholders Equity ($M) | ▲ | $39 | +8.87 | $30 |
| Tang. Book Value ($M) | ▲ | $39 | +8.87 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 69.32% | -15.69 | 85.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.98% | +0.98 | 0.00% |
| Allowance / Loans (%) | — | 1.06% | 0.24% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 1.61% | +1.61 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.26% | +3.30 | 12.96% |
Noninterest income ($5.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▄▆▆██▁ | Net Interest Margin (%) | 4.30% | 4.41% | 4.43% | 4.59% | 4.59% | 4.73% | 4.69% | 4.23% |
| ▁▁▁▁▁▁▁█ | Return on Assets (%) | 1.63% | 1.68% | 1.70% | 1.86% | 1.95% | 2.03% | 2.17% | 6.48% |
| ███▇▇▇▆▁ | Efficiency Ratio (%) | 53.5% | 52.8% | 52.9% | 49.3% | 48.5% | 47.4% | 45.7% | 24.3% |
| ██▇▄▃▃▃▁ | Cost of Funds (%) | 2.18% | 2.22% | 2.12% | 1.85% | 1.76% | 1.73% | 1.71% | 1.53% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.97% | 0.98% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.47% | 1.61% |
| ▁▁▁▂▃▄▅█ | Tang. Book Value ($M) | $27 | $29 | $28 | $30 | $31 | $33 | $34 | $39 |
| ███▅▅▃▃▁ | Gross Loans ($M) | $214 | $215 | $215 | $206 | $206 | $202 | $202 | $195 |
| ▁▂▂▃▅▇██ | Total Deposits ($M) | $227 | $234 | $239 | $241 | $254 | $268 | $274 | $278 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 25% |
| Agricultural | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 12% |