Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.31 | 1.10% |
| Return on Equity (%) | ▲ | 11.44% | +1.65 | 9.79% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.49 | 3.00% |
| Efficiency Ratio (%) | ▲ | 52.20% | -6.51 | 58.71% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.04 | $3 |
| Cost of Funds (%) | ▲ | 1.63% | -0.15 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $784 | +36.47 | $748 |
| Gross Loans ($M) | ▲ | $490 | +29.82 | $460 |
| Loan Growth YoY (%) | ▲ | 79.60% | +1.14 | 78.46% |
| Total Deposits ($M) | ▲ | $608 | +28.41 | $580 |
| Shareholders Equity ($M) | ▲ | $97 | +12.04 | $85 |
| Tang. Book Value ($M) | ▲ | $94 | +12.06 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +12.07 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 79.60% | +1.14 | 78.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.03 | 0.18% |
| Allowance / Loans (%) | — | 1.20% | 0.06% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.05 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.83% | 2.86% | 2.88% | 3.00% | 3.11% | 3.19% | 3.25% | 3.50% |
| ▁▁▁▂▃▄▅█ | Return on Assets (%) | 1.00% | 1.03% | 1.05% | 1.10% | 1.15% | 1.20% | 1.23% | 1.41% |
| ███▇▆▅▅▁ | Efficiency Ratio (%) | 60.2% | 59.7% | 59.2% | 58.7% | 58.0% | 56.8% | 56.3% | 52.2% |
| ▇██▅▇▅▅▁ | Cost of Funds (%) | 1.82% | 1.88% | 1.89% | 1.78% | 1.83% | 1.79% | 1.76% | 1.63% |
| ▁▁▂▂███▃ | NPA / Assets (%) | 0.11% | 0.13% | 0.16% | 0.18% | 0.45% | 0.41% | 0.44% | 0.21% |
| ▁▁▂▂█▇█▃ | Net Charge-Off Ratio (%) | 0.18% | 0.17% | 0.26% | 0.24% | 0.64% | 0.57% | 0.64% | 0.29% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $74 | $81 | $78 | $82 | $84 | $90 | $93 | $94 |
| ▁▂▃▄▅███ | Gross Loans ($M) | $427 | $436 | $448 | $460 | $466 | $488 | $493 | $490 |
| ▁▁▄▅▃▄██ | Total Deposits ($M) | $555 | $551 | $573 | $580 | $571 | $579 | $604 | $608 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 16% |
| Agricultural | 11% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |