Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.42 | 0.83% |
| Return on Equity (%) | ▲ | 16.13% | +4.56 | 11.57% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.61 | 3.09% |
| Efficiency Ratio (%) | ▲ | 62.19% | -5.26 | 67.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.60 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.22 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $511 | +33.65 | $477 |
| Gross Loans ($M) | ▲ | $317 | +56.42 | $260 |
| Loan Growth YoY (%) | ▲ | 74.65% | +9.72 | 64.93% |
| Total Deposits ($M) | ▲ | $420 | +22.96 | $397 |
| Shareholders Equity ($M) | ▲ | $39 | +4.53 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +4.52 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +4.12 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 74.65% | +9.72 | 64.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.66 | 0.26% |
| Allowance / Loans (%) | — | 1.14% | 0.03% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.48% | +1.01 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.97% | -1.39 | 14.36% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.68% | 2.67% | 2.75% | 3.09% | 3.27% | 3.39% | 3.42% | 3.70% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 0.76% | 0.76% | 0.77% | 0.83% | 0.92% | 1.00% | 1.00% | 1.26% |
| ███▆▃▂▁▃ | Efficiency Ratio (%) | 71.4% | 70.7% | 70.1% | 67.5% | 63.7% | 60.6% | 59.0% | 62.2% |
| ██▇▅▂▁▃▁ | Cost of Funds (%) | 1.70% | 1.71% | 1.65% | 1.52% | 1.38% | 1.30% | 1.41% | 1.30% |
| ▁▁▁▁▁▁▃█ | NPA / Assets (%) | 0.26% | 0.27% | 0.24% | 0.26% | 0.26% | 0.24% | 0.48% | 0.92% |
| ▁▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.47% | 0.55% | 0.44% | 0.47% | 0.45% | 0.41% | 0.53% | 1.48% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $28 | $32 | $32 | $33 | $35 | $36 | $38 | $38 |
| ▂▁▂▂▄▆██ | Gross Loans ($M) | $253 | $243 | $255 | $260 | $277 | $292 | $310 | $317 |
| ▁▅▃▄▂▇▇█ | Total Deposits ($M) | $378 | $399 | $391 | $397 | $384 | $410 | $414 | $420 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 9% |
| Agricultural | 6% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |