Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.63 | 0.17% |
| Return on Equity (%) | ▲ | 8.97% | +7.03 | 1.94% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.40 | 3.26% |
| Efficiency Ratio (%) | ▲ | 72.89% | -20.29 | 93.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.07 | $0 |
| Cost of Funds (%) | ▲ | 1.95% | -0.02 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $453 | +26.82 | $426 |
| Gross Loans ($M) | ▲ | $379 | +46.61 | $332 |
| Loan Growth YoY (%) | ▲ | 96.74% | +8.50 | 88.24% |
| Total Deposits ($M) | ▲ | $388 | +14.99 | $373 |
| Shareholders Equity ($M) | ▲ | $41 | +3.48 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.50 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +3.29 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 96.74% | +8.50 | 88.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.04 | 0.23% |
| Allowance / Loans (%) | — | 0.91% | -0.00% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.03 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.33 | 14.33% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▃▁▅▄▅█ | Net Interest Margin (%) | 3.31% | 3.35% | 3.36% | 3.26% | 3.48% | 3.45% | 3.50% | 3.66% |
| ▄▃▃▁▂▃▄█ | Return on Assets (%) | 0.42% | 0.40% | 0.37% | 0.17% | 0.25% | 0.36% | 0.44% | 0.80% |
| ▅▆▇█▇▇▅▁ | Efficiency Ratio (%) | 85.5% | 87.4% | 88.2% | 93.2% | 89.6% | 88.9% | 83.8% | 72.9% |
| ▁▄▄████▇ | Cost of Funds (%) | 1.68% | 1.83% | 1.84% | 1.97% | 1.97% | 2.00% | 1.99% | 1.95% |
| ▄▃▁▄▆█▃▆ | NPA / Assets (%) | 0.23% | 0.22% | 0.17% | 0.23% | 0.26% | 0.31% | 0.22% | 0.27% |
| ▄▃▁▄▆█▃▆ | Net Charge-Off Ratio (%) | 0.29% | 0.27% | 0.21% | 0.29% | 0.33% | 0.38% | 0.27% | 0.32% |
| ▁▃▂▂▃▅▇█ | Tang. Book Value ($M) | $36 | $38 | $37 | $37 | $38 | $39 | $40 | $41 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $303 | $315 | $327 | $332 | $342 | $361 | $379 | $379 |
| ▁▁▄▆▆▇██ | Total Deposits ($M) | $326 | $331 | $356 | $373 | $372 | $382 | $394 | $388 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 12% |