Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.78% | -0.01 | 0.79% |
| Return on Equity (%) | ▼ | 10.19% | -0.84 | 11.03% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.33 | 3.29% |
| Efficiency Ratio (%) | ▼ | 72.14% | +2.70 | 69.45% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▲ | 2.25% | -0.22 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $435 | +41.15 | $394 |
| Gross Loans ($M) | ▲ | $343 | +41.99 | $301 |
| Loan Growth YoY (%) | ▲ | 89.27% | +2.24 | 87.02% |
| Total Deposits ($M) | ▲ | $382 | +37.97 | $344 |
| Shareholders Equity ($M) | ▲ | $33 | +4.50 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +4.50 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.85 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 89.27% | +2.24 | 87.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.09 | 0.31% |
| Allowance / Loans (%) | — | 0.69% | 0.03% | 0.66% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.18 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.43% | -0.44 | 11.87% |
Noninterest income ($0.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▄▆▆█ | Net Interest Margin (%) | 3.10% | 3.18% | 3.19% | 3.29% | 3.36% | 3.45% | 3.47% | 3.62% |
| ▁▂▂▇███▆ | Return on Assets (%) | 0.59% | 0.64% | 0.62% | 0.79% | 0.83% | 0.84% | 0.83% | 0.78% |
| █▆█▂▁▁▃▆ | Efficiency Ratio (%) | 74.2% | 72.6% | 73.5% | 69.4% | 67.9% | 68.5% | 69.8% | 72.1% |
| ▁▆▇▇▄██▂ | Cost of Funds (%) | 2.20% | 2.42% | 2.46% | 2.48% | 2.34% | 2.51% | 2.53% | 2.25% |
| ▁█▇▇▆▆▆▅ | NPA / Assets (%) | 0.06% | 0.35% | 0.31% | 0.31% | 0.25% | 0.25% | 0.25% | 0.22% |
| ▁██▇▆▅▆▃ | Net Charge-Off Ratio (%) | 0.09% | 0.45% | 0.41% | 0.40% | 0.32% | 0.31% | 0.32% | 0.22% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $26 | $28 | $27 | $28 | $30 | $31 | $32 | $33 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $266 | $279 | $292 | $301 | $324 | $329 | $334 | $343 |
| ▁▂▃▅▆▇▇█ | Total Deposits ($M) | $298 | $309 | $323 | $344 | $356 | $365 | $370 | $382 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |