Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.11 | 0.93% |
| Return on Equity (%) | ▼ | 11.46% | -3.09 | 14.55% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.21 | 4.11% |
| Efficiency Ratio (%) | ▲ | 76.31% | -0.96 | 77.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.24 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $390 | +12.61 | $378 |
| Gross Loans ($M) | ▲ | $283 | +23.15 | $260 |
| Loan Growth YoY (%) | ▲ | 77.46% | +4.75 | 72.71% |
| Total Deposits ($M) | ▲ | $361 | +8.34 | $353 |
| Shareholders Equity ($M) | ▲ | $28 | +4.59 | $23 |
| Tang. Book Value ($M) | ▲ | $27 | +4.59 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +5.07 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 77.46% | +4.75 | 72.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.11 | 0.17% |
| Allowance / Loans (%) | — | 1.22% | -0.13% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.19 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.78% | -0.02 | 12.80% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▅▇█▅ | Net Interest Margin (%) | 4.10% | 4.09% | 4.11% | 4.11% | 4.36% | 4.46% | 4.52% | 4.32% |
| ▁▃▁▅█▁▆▁ | Return on Assets (%) | 0.81% | 0.86% | 0.82% | 0.93% | 1.02% | 0.83% | 0.94% | 0.82% |
| █▇█▄▃▁▁▃ | Efficiency Ratio (%) | 79.8% | 78.6% | 79.9% | 77.3% | 76.4% | 74.8% | 74.7% | 76.3% |
| ██▇▄▄▃▁▁ | Cost of Funds (%) | 2.35% | 2.32% | 2.26% | 2.09% | 2.09% | 2.00% | 1.86% | 1.84% |
| ▁██▁▁▁▁▁ | NPA / Assets (%) | 0.31% | 1.82% | 1.97% | 0.17% | 0.15% | 0.16% | 0.33% | 0.28% |
| ▁██▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.34% | 2.41% | 2.59% | 0.16% | 0.20% | 0.22% | 0.45% | 0.35% |
| ▁▃▂▂▂▆▇█ | Tang. Book Value ($M) | $21 | $24 | $22 | $23 | $22 | $25 | $27 | $27 |
| ▁▁▁▁▃▅▇█ | Gross Loans ($M) | $258 | $257 | $257 | $260 | $264 | $270 | $278 | $283 |
| ▁▁▂▇▄▅▇█ | Total Deposits ($M) | $317 | $316 | $324 | $353 | $334 | $339 | $352 | $361 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 10% |
| Agricultural | 8% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |