Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.24 | 1.14% |
| Return on Equity (%) | ▲ | 12.41% | +1.19 | 11.22% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.43 | 3.91% |
| Efficiency Ratio (%) | ▲ | 61.34% | -0.39 | 61.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.90% | -0.11 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $227 | +11.67 | $215 |
| Gross Loans ($M) | ▲ | $164 | +17.53 | $146 |
| Loan Growth YoY (%) | ▲ | 83.76% | +5.25 | 78.51% |
| Total Deposits ($M) | ▲ | $193 | +9.25 | $184 |
| Shareholders Equity ($M) | ▲ | $25 | +3.22 | $22 |
| Tang. Book Value ($M) | ▲ | $23 | +1.88 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.58 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 83.76% | +5.25 | 78.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.15 | 0.61% |
| Allowance / Loans (%) | — | 1.20% | -0.06% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.33 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.09% | -0.75 | 14.84% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▇█ | Net Interest Margin (%) | 3.89% | 3.88% | 3.91% | 3.91% | 4.02% | 4.15% | 4.26% | 4.35% |
| ▄▄▁▃▅▁▂█ | Return on Assets (%) | 1.21% | 1.20% | 1.06% | 1.14% | 1.24% | 1.08% | 1.14% | 1.38% |
| ▄▄█▁▁▃▅▁ | Efficiency Ratio (%) | 63.3% | 63.2% | 65.9% | 61.7% | 61.8% | 62.7% | 63.8% | 61.3% |
| ▄█▄▃▅▃▃▁ | Cost of Funds (%) | 2.01% | 2.18% | 2.01% | 2.00% | 2.05% | 2.00% | 1.97% | 1.90% |
| ▄▆▅▅▁▁▄█ | NPA / Assets (%) | 0.58% | 0.65% | 0.61% | 0.61% | 0.47% | 0.44% | 0.57% | 0.76% |
| ▃▂▁▂▁▁▃█ | Net Charge-Off Ratio (%) | 0.58% | 0.51% | 0.48% | 0.53% | 0.48% | 0.44% | 0.59% | 0.85% |
| ▁▃▃▄▃▅▇█ | Tang. Book Value ($M) | $19 | $20 | $20 | $21 | $20 | $21 | $22 | $23 |
| ▂▁▁▁▄▇██ | Gross Loans ($M) | $148 | $145 | $147 | $146 | $153 | $161 | $164 | $164 |
| ▁▁▄▅▃▆▆█ | Total Deposits ($M) | $173 | $173 | $183 | $184 | $180 | $187 | $188 | $193 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |