Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.43 | 0.98% |
| Return on Equity (%) | ▲ | 16.01% | +2.86 | 13.15% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.46 | 3.26% |
| Efficiency Ratio (%) | ▲ | 52.94% | -7.17 | 60.11% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.26 | $3 |
| Cost of Funds (%) | ▲ | 1.68% | -0.22 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $884 | +47.68 | $837 |
| Gross Loans ($M) | ▲ | $498 | +31.21 | $467 |
| Loan Growth YoY (%) | ▲ | 61.57% | +1.32 | 60.26% |
| Total Deposits ($M) | ▲ | $800 | +33.72 | $766 |
| Shareholders Equity ($M) | ▲ | $78 | +13.59 | $64 |
| Tang. Book Value ($M) | ▲ | $73 | +13.68 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +14.87 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 61.57% | +1.32 | 60.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.07 | 0.10% |
| Allowance / Loans (%) | — | 1.19% | -0.01% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.09 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.23% | 3.22% | 3.22% | 3.26% | 3.38% | 3.45% | 3.50% | 3.72% |
| ▆▅▃▁▃▅▅█ | Return on Assets (%) | 1.25% | 1.19% | 1.12% | 0.98% | 1.09% | 1.20% | 1.24% | 1.41% |
| ▆▇██▇▅▄▁ | Efficiency Ratio (%) | 57.6% | 58.4% | 59.3% | 60.1% | 59.0% | 56.7% | 55.6% | 52.9% |
| ▄██▆▄▄▂▁ | Cost of Funds (%) | 1.84% | 2.01% | 2.02% | 1.90% | 1.84% | 1.85% | 1.76% | 1.68% |
| ▁██▆█▅▄▁ | NPA / Assets (%) | 0.03% | 0.12% | 0.12% | 0.10% | 0.12% | 0.08% | 0.07% | 0.03% |
| ▁██▅▇▃▂▁ | Net Charge-Off Ratio (%) | 0.05% | 0.21% | 0.21% | 0.12% | 0.17% | 0.08% | 0.07% | 0.03% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $51 | $60 | $54 | $60 | $61 | $69 | $72 | $73 |
| ▁▂▂▃▄▅▆█ | Gross Loans ($M) | $454 | $461 | $461 | $467 | $475 | $478 | $486 | $498 |
| ▁▁▂▄▆▆██ | Total Deposits ($M) | $745 | $749 | $758 | $766 | $782 | $781 | $795 | $800 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 19% |