Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.09 | 0.64% |
| Return on Equity (%) | ▼ | 12.08% | -0.89 | 12.97% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.19 | 3.57% |
| Efficiency Ratio (%) | ▲ | 74.06% | -4.46 | 78.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $0 |
| Cost of Funds (%) | ▼ | 1.54% | +0.03 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $210 | +15.22 | $195 |
| Gross Loans ($M) | ▲ | $110 | +19.12 | $90 |
| Loan Growth YoY (%) | ▲ | 54.93% | +6.36 | 48.58% |
| Total Deposits ($M) | ▲ | $196 | +13.40 | $183 |
| Shareholders Equity ($M) | ▲ | $12 | +2.31 | $10 |
| Tang. Book Value ($M) | ▲ | $12 | +2.31 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.99 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 54.93% | +6.36 | 48.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.05 | 0.17% |
| Allowance / Loans (%) | — | 1.54% | -0.18% | 1.72% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.13 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.28% | +0.05 | 14.23% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▇██▇ | Net Interest Margin (%) | 3.38% | 3.46% | 3.51% | 3.57% | 3.71% | 3.79% | 3.81% | 3.76% |
| ▁▂▅▄▇██▆ | Return on Assets (%) | 0.52% | 0.58% | 0.69% | 0.64% | 0.77% | 0.81% | 0.83% | 0.74% |
| █▇▃▆▂▁▁▂ | Efficiency Ratio (%) | 81.9% | 79.9% | 75.7% | 78.5% | 74.6% | 73.3% | 72.4% | 74.1% |
| ██▃▁▁▂▅▂ | Cost of Funds (%) | 1.67% | 1.69% | 1.57% | 1.52% | 1.53% | 1.54% | 1.62% | 1.54% |
| ▇▃█▅▅▃▁▁ | NPA / Assets (%) | 0.19% | 0.14% | 0.21% | 0.17% | 0.16% | 0.14% | 0.13% | 0.12% |
| █▅▆▅▄▂▁▁ | Net Charge-Off Ratio (%) | 0.42% | 0.32% | 0.36% | 0.33% | 0.29% | 0.25% | 0.21% | 0.20% |
| ▁▄▁▂▃▆█▇ | Tang. Book Value ($M) | $9 | $11 | $9 | $10 | $10 | $12 | $13 | $12 |
| ▁▁▁▃▆▆██ | Gross Loans ($M) | $82 | $83 | $83 | $90 | $100 | $102 | $107 | $110 |
| ▁▂▄▅▅▇▆█ | Total Deposits ($M) | $167 | $172 | $180 | $183 | $183 | $190 | $188 | $196 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 15% |