Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.21 | 1.34% |
| Return on Equity (%) | ▲ | 19.78% | +1.76 | 18.02% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.14 | 3.97% |
| Efficiency Ratio (%) | ▲ | 65.04% | -1.74 | 66.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 2.09% | -0.06 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $253 | +16.19 | $237 |
| Gross Loans ($M) | ▲ | $218 | +21.22 | $196 |
| Loan Growth YoY (%) | ▲ | 97.79% | +5.67 | 92.12% |
| Total Deposits ($M) | ▲ | $220 | +9.41 | $211 |
| Shareholders Equity ($M) | ▲ | $20 | +1.70 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +1.70 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 97.79% | +5.67 | 92.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.10% | +0.16 | 0.94% |
| Allowance / Loans (%) | — | 1.00% | -0.08% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.15 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.20% | +0.15 | 11.05% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.63% | 3.63% | 3.69% | 3.97% | 4.02% | 4.06% | 4.10% | 4.11% |
| ▁▂▃▆▆▆▆█ | Return on Assets (%) | 0.84% | 0.94% | 1.03% | 1.34% | 1.33% | 1.35% | 1.35% | 1.55% |
| █▇▆▂▂▂▂▁ | Efficiency Ratio (%) | 78.6% | 76.2% | 74.2% | 66.8% | 67.0% | 66.8% | 67.8% | 65.0% |
| ▁▄█▅▄▅▅▄ | Cost of Funds (%) | 1.90% | 2.10% | 2.30% | 2.15% | 2.09% | 2.15% | 2.10% | 2.09% |
| ▁▆▆▇▇█▇█ | NPA / Assets (%) | 0.35% | 0.88% | 0.85% | 0.94% | 0.99% | 1.11% | 1.01% | 1.10% |
| ▁▇▆▇▆█▇█ | Net Charge-Off Ratio (%) | 0.42% | 1.10% | 1.06% | 1.13% | 1.08% | 1.30% | 1.18% | 1.28% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $17 | $17 | $17 | $18 | $18 | $19 | $19 | $20 |
| ▁▂▄▄▅▇██ | Gross Loans ($M) | $181 | $189 | $198 | $196 | $203 | $211 | $215 | $218 |
| ▁▆█▆▇▇██ | Total Deposits ($M) | $183 | $207 | $219 | $211 | $212 | $213 | $220 | $220 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |