Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.29 | 0.61% |
| Return on Equity (%) | ▲ | 8.99% | +2.36 | 6.63% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.53 | 2.67% |
| Efficiency Ratio (%) | ▲ | 67.15% | -5.53 | 72.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 2.17% | -0.27 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $204 | +5.26 | $199 |
| Gross Loans ($M) | ▲ | $153 | +16.31 | $136 |
| Loan Growth YoY (%) | ▲ | 85.88% | +9.13 | 76.75% |
| Total Deposits ($M) | ▲ | $177 | +0.16 | $177 |
| Shareholders Equity ($M) | ▲ | $21 | +1.83 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +1.83 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +1.53 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 85.88% | +9.13 | 76.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.12 | 0.27% |
| Allowance / Loans (%) | — | 0.58% | -0.03% | 0.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.09 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.05% | -0.62 | 17.67% |
Noninterest income ($0.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.16% | 2.17% | 2.29% | 2.67% | 2.76% | 2.84% | 2.92% | 3.20% |
| ▁▁▁▅▄▄▅█ | Return on Assets (%) | 0.30% | 0.31% | 0.36% | 0.61% | 0.54% | 0.60% | 0.65% | 0.90% |
| ██▇▃▄▃▃▁ | Efficiency Ratio (%) | 86.9% | 85.6% | 83.3% | 72.7% | 75.8% | 73.2% | 73.2% | 67.1% |
| ▇█▄▅▄▃▂▁ | Cost of Funds (%) | 2.52% | 2.62% | 2.38% | 2.44% | 2.36% | 2.32% | 2.28% | 2.17% |
| ▁▆▅▄▆█▇▆ | NPA / Assets (%) | 0.11% | 0.39% | 0.35% | 0.27% | 0.38% | 0.53% | 0.48% | 0.40% |
| ▁▆▆▄▆█▄▂ | Net Charge-Off Ratio (%) | 0.12% | 0.53% | 0.48% | 0.33% | 0.47% | 0.66% | 0.36% | 0.24% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $17 | $18 | $18 | $19 | $19 | $20 | $20 | $21 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $134 | $135 | $135 | $136 | $140 | $145 | $148 | $153 |
| ▁▃█▇▇██▇ | Total Deposits ($M) | $166 | $170 | $178 | $177 | $177 | $178 | $178 | $177 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 21% |
| Agricultural | 1% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 11% |