Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.24 | 1.40% |
| Return on Equity (%) | ▲ | 11.74% | +1.22 | 10.52% |
| Net Interest Margin (%) | ▲ | 5.31% | +0.51 | 4.81% |
| Efficiency Ratio (%) | ▲ | 56.00% | -6.69 | 62.69% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.26 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $159 | +9.40 | $150 |
| Gross Loans ($M) | ▲ | $140 | +17.90 | $122 |
| Loan Growth YoY (%) | ▲ | 100.90% | +8.13 | 92.77% |
| Total Deposits ($M) | ▲ | $136 | +6.80 | $129 |
| Shareholders Equity ($M) | ▲ | $22 | +2.23 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +2.23 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 100.90% | +8.13 | 92.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.75% | +0.35 | 1.40% |
| Allowance / Loans (%) | — | 1.84% | 0.17% | 1.67% |
| Net Charge-Off Ratio (%) | ▼ | 1.99% | +0.27 | 1.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.95% | -0.31 | 22.26% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 4.34% | 4.38% | 4.48% | 4.81% | 5.01% | 5.10% | 5.18% | 5.31% |
| ▁▁▂▅▅▄▅█ | Return on Assets (%) | 1.07% | 1.13% | 1.20% | 1.40% | 1.40% | 1.36% | 1.38% | 1.64% |
| █▇▇▆▆▆▅▁ | Efficiency Ratio (%) | 65.9% | 64.6% | 63.5% | 62.7% | 62.7% | 62.5% | 61.2% | 56.0% |
| ███▅▃▂▁▁ | Cost of Funds (%) | 2.08% | 2.13% | 2.09% | 1.90% | 1.76% | 1.71% | 1.70% | 1.64% |
| ▅▁▁▅▄▃▃█ | NPA / Assets (%) | 1.43% | 0.96% | 0.97% | 1.40% | 1.27% | 1.23% | 1.19% | 1.75% |
| ▇▁▁▆▄▃▂█ | Net Charge-Off Ratio (%) | 1.80% | 1.22% | 1.19% | 1.72% | 1.51% | 1.41% | 1.36% | 1.99% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $19 | $19 | $20 | $20 | $21 | $21 | $22 | $22 |
| ▁▁▂▂▄▆▇█ | Gross Loans ($M) | $118 | $119 | $121 | $122 | $129 | $133 | $136 | $140 |
| ▁▃▃▄▆▅▆█ | Total Deposits ($M) | $124 | $128 | $128 | $129 | $132 | $130 | $133 | $136 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |