Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.05 | 1.14% |
| Return on Equity (%) | ▲ | 14.10% | +0.80 | 13.30% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.10 | 3.82% |
| Efficiency Ratio (%) | ▼ | 93.25% | +1.69 | 91.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.88% | -0.22 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $353 | +52.69 | $300 |
| Gross Loans ($M) | ▲ | $328 | +53.91 | $274 |
| Loan Growth YoY (%) | ▲ | 115.76% | +6.50 | 109.26% |
| Total Deposits ($M) | ▲ | $280 | +32.31 | $248 |
| Shareholders Equity ($M) | ▲ | $30 | +4.54 | $25 |
| Tang. Book Value ($M) | ▲ | $30 | +4.54 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 115.76% | +6.50 | 109.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.43% | +1.19 | 0.24% |
| Allowance / Loans (%) | — | 1.08% | -0.06% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.51% | +1.28 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.33% | -0.47 | 10.80% |
Noninterest income ($19.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▁▁▁▃▆█▅ | Net Interest Margin (%) | 3.92% | 3.83% | 3.83% | 3.82% | 3.86% | 3.93% | 3.98% | 3.92% |
| ▁▂▁▁▂▄█▂ | Return on Assets (%) | 1.12% | 1.20% | 1.17% | 1.14% | 1.19% | 1.31% | 1.54% | 1.19% |
| ▁▂▄▇▇▇▆█ | Efficiency Ratio (%) | 86.0% | 87.7% | 88.7% | 91.6% | 91.7% | 91.8% | 91.2% | 93.3% |
| ▂█▇▃▃▅▁▁ | Cost of Funds (%) | 1.99% | 2.51% | 2.37% | 2.10% | 2.09% | 2.21% | 1.94% | 1.88% |
| ▁▁▂▁▁▂▃█ | NPA / Assets (%) | 0.15% | 0.25% | 0.36% | 0.24% | 0.13% | 0.44% | 0.53% | 1.43% |
| ▁▁▁▁▁▂▃█ | Net Charge-Off Ratio (%) | 0.11% | 0.14% | 0.24% | 0.23% | 0.11% | 0.45% | 0.53% | 1.51% |
| ▁▂▃▂▄▅▇█ | Tang. Book Value ($M) | $24 | $25 | $26 | $25 | $26 | $27 | $29 | $30 |
| ▁▂▁▂▃▂▇█ | Gross Loans ($M) | $272 | $281 | $266 | $274 | $285 | $279 | $315 | $328 |
| ▁▁▂▂▃▃▄█ | Total Deposits ($M) | $241 | $246 | $251 | $248 | $255 | $255 | $257 | $280 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 15% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 32% |