Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.13 | 1.52% |
| Return on Equity (%) | ▼ | 17.68% | -2.26 | 19.94% |
| Net Interest Margin (%) | ▼ | 4.24% | -0.05 | 4.29% |
| Efficiency Ratio (%) | ▼ | 70.47% | +1.55 | 68.92% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.22 | $2 |
| Cost of Funds (%) | ▼ | 1.25% | +0.25 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $617 | +81.59 | $535 |
| Gross Loans ($M) | ▲ | $449 | +37.72 | $411 |
| Loan Growth YoY (%) | ▼ | 79.53% | -9.22 | 88.76% |
| Total Deposits ($M) | ▲ | $559 | +100.14 | $459 |
| Shareholders Equity ($M) | ▲ | $50 | +8.29 | $41 |
| Tang. Book Value ($M) | ▲ | $50 | +8.29 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +6.86 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 79.53% | -9.22 | 88.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.02 | 0.09% |
| Allowance / Loans (%) | — | 0.97% | 0.00% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.03 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.04% | +0.01 | 14.03% |
Noninterest income ($1.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▆ | Net Interest Margin (%) | 3.98% | 4.02% | 4.08% | 4.29% | 4.36% | 4.40% | 4.35% | 4.24% |
| ▃▃▅▅██▆▁ | Return on Assets (%) | 1.46% | 1.47% | 1.51% | 1.52% | 1.60% | 1.60% | 1.53% | 1.39% |
| ▇█▅▅▃▁▃█ | Efficiency Ratio (%) | 69.6% | 70.0% | 68.7% | 68.9% | 67.8% | 66.8% | 67.8% | 70.5% |
| ▁▂▃▃▅▆▇█ | Cost of Funds (%) | 0.89% | 0.94% | 1.00% | 1.00% | 1.08% | 1.16% | 1.20% | 1.25% |
| █▇▃▂▃▁▁▁ | NPA / Assets (%) | 0.19% | 0.17% | 0.09% | 0.09% | 0.10% | 0.06% | 0.07% | 0.07% |
| █▇▂▂▃▁▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.22% | 0.12% | 0.11% | 0.13% | 0.08% | 0.09% | 0.08% |
| ▁▃▃▄▄▆▇█ | Tang. Book Value ($M) | $34 | $39 | $38 | $41 | $41 | $45 | $48 | $50 |
| ▁▂▄▄▆▇██ | Gross Loans ($M) | $373 | $388 | $402 | $411 | $424 | $436 | $450 | $449 |
| ▁▁▃▂▄▅██ | Total Deposits ($M) | $428 | $436 | $463 | $459 | $494 | $504 | $562 | $559 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |