Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.58 | 1.27% |
| Return on Equity (%) | ▲ | 26.90% | +5.09 | 21.81% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.21 | 3.46% |
| Efficiency Ratio (%) | ▲ | 54.49% | -8.99 | 63.48% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.61 | $1 |
| Cost of Funds (%) | ▼ | 1.47% | +0.05 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $315 | +19.63 | $295 |
| Gross Loans ($M) | ▲ | $196 | +30.81 | $166 |
| Loan Growth YoY (%) | ▲ | 66.30% | +6.74 | 59.55% |
| Total Deposits ($M) | ▲ | $292 | +18.22 | $274 |
| Shareholders Equity ($M) | ▲ | $22 | +3.90 | $18 |
| Tang. Book Value ($M) | ▲ | $17 | +3.90 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +3.61 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 66.30% | +6.74 | 59.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.02 | 0.09% |
| Allowance / Loans (%) | — | 1.43% | -0.11% | 1.54% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.01 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.09% | -0.50 | 12.59% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆█▇█ | Net Interest Margin (%) | 3.31% | 3.28% | 3.33% | 3.46% | 3.55% | 3.63% | 3.59% | 3.67% |
| ▂▁▁▃▃▃▂█ | Return on Assets (%) | 1.10% | 1.01% | 0.94% | 1.27% | 1.18% | 1.22% | 1.11% | 1.85% |
| ▇▇█▄▅▅▆▁ | Efficiency Ratio (%) | 68.3% | 70.2% | 72.8% | 63.5% | 65.4% | 64.9% | 66.7% | 54.5% |
| ▆██▁▆▅▄▂ | Cost of Funds (%) | 1.61% | 1.66% | 1.68% | 1.42% | 1.58% | 1.57% | 1.54% | 1.47% |
| █▁▁▂▂▂▃▂ | NPA / Assets (%) | 0.44% | 0.06% | 0.04% | 0.09% | 0.09% | 0.12% | 0.14% | 0.11% |
| █▁▁▂▂▂▂▂ | Net Charge-Off Ratio (%) | 0.78% | 0.10% | 0.06% | 0.17% | 0.16% | 0.20% | 0.23% | 0.18% |
| ▁▅▁▄▄▇██ | Tang. Book Value ($M) | $10 | $14 | $10 | $13 | $13 | $16 | $17 | $17 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $152 | $155 | $159 | $166 | $169 | $176 | $191 | $196 |
| ▁▂▃▅▄▃██ | Total Deposits ($M) | $248 | $256 | $260 | $274 | $268 | $264 | $296 | $292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 11% |
| Agricultural | 12% |
| Consumer | 8% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |