Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.42 | 0.83% |
| Return on Equity (%) | ▲ | 13.88% | +4.42 | 9.46% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.08 | 3.97% |
| Efficiency Ratio (%) | ▲ | 80.49% | -4.47 | 84.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.70 | $1 |
| Cost of Funds (%) | ▲ | 2.24% | -0.13 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $532 | +47.55 | $484 |
| Gross Loans ($M) | ▲ | $419 | +42.61 | $376 |
| Loan Growth YoY (%) | ▲ | 87.47% | +1.17 | 86.30% |
| Total Deposits ($M) | ▲ | $473 | +42.39 | $431 |
| Shareholders Equity ($M) | ▲ | $47 | +5.03 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +5.03 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +5.03 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 87.47% | +1.17 | 86.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.09 | 0.20% |
| Allowance / Loans (%) | — | 1.24% | -0.01% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.11 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▆█▄ | Net Interest Margin (%) | 3.92% | 3.92% | 3.99% | 3.97% | 4.12% | 4.15% | 4.23% | 4.05% |
| ▇▇▇▁███▇ | Return on Assets (%) | 1.27% | 1.28% | 1.28% | 0.83% | 1.34% | 1.38% | 1.37% | 1.25% |
| ▁▁▁█▁▁▁▃ | Efficiency Ratio (%) | 78.5% | 78.7% | 78.8% | 85.0% | 78.5% | 78.2% | 78.6% | 80.5% |
| ▅█▆▄▅▅▆▁ | Cost of Funds (%) | 2.45% | 2.59% | 2.47% | 2.37% | 2.43% | 2.45% | 2.47% | 2.24% |
| ▇▅▅▁▃█▁▅ | NPA / Assets (%) | 0.33% | 0.27% | 0.29% | 0.20% | 0.23% | 0.35% | 0.19% | 0.29% |
| ▇▅▆▂▃█▁▅ | Net Charge-Off Ratio (%) | 0.41% | 0.35% | 0.36% | 0.26% | 0.29% | 0.44% | 0.23% | 0.36% |
| ▁▃▃▂▅███ | Tang. Book Value ($M) | $39 | $41 | $41 | $41 | $44 | $46 | $46 | $46 |
| ▁▁▂▃▇███ | Gross Loans ($M) | $368 | $361 | $370 | $376 | $407 | $413 | $414 | $419 |
| ▁▁▂▄▅▅▆█ | Total Deposits ($M) | $402 | $406 | $414 | $431 | $439 | $443 | $450 | $473 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 10% |
| Agricultural | 17% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |