Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.32 | 1.30% |
| Return on Equity (%) | ▲ | 18.47% | +3.43 | 15.04% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.25 | 3.33% |
| Efficiency Ratio (%) | ▲ | 58.70% | -5.07 | 63.77% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▼ | 1.68% | +0.02 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $362 | +3.23 | $358 |
| Gross Loans ($M) | ▲ | $219 | +7.20 | $211 |
| Loan Growth YoY (%) | ▲ | 66.60% | +1.93 | 64.67% |
| Total Deposits ($M) | ▲ | $324 | +1.30 | $323 |
| Shareholders Equity ($M) | ▲ | $33 | +1.82 | $31 |
| Tang. Book Value ($M) | ▲ | $33 | +1.82 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +1.07 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 66.60% | +1.93 | 64.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.27% | 0.01% | 1.25% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 2.94% | 2.98% | 3.04% | 3.33% | 3.40% | 3.48% | 3.52% | 3.58% |
| ▁▁▁▄▅▆▇█ | Return on Assets (%) | 1.00% | 1.03% | 1.04% | 1.30% | 1.35% | 1.41% | 1.49% | 1.63% |
| ███▄▄▃▂▁ | Efficiency Ratio (%) | 69.9% | 69.7% | 68.6% | 63.8% | 63.1% | 62.3% | 60.9% | 58.7% |
| ▇█▅▃▄▃▁▃ | Cost of Funds (%) | 1.90% | 1.98% | 1.79% | 1.65% | 1.70% | 1.68% | 1.52% | 1.68% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▁▃▅▄██ | Tang. Book Value ($M) | $30 | $31 | $30 | $31 | $32 | $32 | $33 | $33 |
| ▁▁▃▅▇██▇ | Gross Loans ($M) | $195 | $196 | $203 | $211 | $217 | $221 | $224 | $219 |
| ▁▁▃▄▄▃█▄ | Total Deposits ($M) | $301 | $297 | $314 | $323 | $318 | $315 | $352 | $324 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 22% |
| Agricultural | 3% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |