Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.31 | 1.45% |
| Return on Equity (%) | ▲ | 21.30% | +1.68 | 19.62% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.37 | 3.64% |
| Efficiency Ratio (%) | ▲ | 56.92% | -3.73 | 60.65% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▼ | 1.41% | +0.00 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $158 | +11.50 | $146 |
| Gross Loans ($M) | ▲ | $111 | +8.99 | $102 |
| Loan Growth YoY (%) | ▲ | 76.46% | +1.20 | 75.26% |
| Total Deposits ($M) | ▲ | $143 | +9.57 | $134 |
| Shareholders Equity ($M) | ▲ | $13 | +1.69 | $11 |
| Tang. Book Value ($M) | ▲ | $13 | +1.69 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +1.63 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 76.46% | +1.20 | 75.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.01% | -0.02% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.01 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.43% | +0.34 | 10.09% |
Noninterest income ($0.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅███ | Net Interest Margin (%) | 3.52% | 3.54% | 3.55% | 3.64% | 3.83% | 3.97% | 4.03% | 4.01% |
| ▃▄▁▄▇█▅█ | Return on Assets (%) | 1.40% | 1.45% | 1.21% | 1.45% | 1.69% | 1.72% | 1.49% | 1.77% |
| ▅▄█▃▁▁▆▁ | Efficiency Ratio (%) | 62.3% | 61.8% | 67.8% | 60.7% | 56.6% | 57.8% | 64.1% | 56.9% |
| ▁█▇▄▁▃▆▄ | Cost of Funds (%) | 1.36% | 1.45% | 1.44% | 1.40% | 1.37% | 1.39% | 1.42% | 1.41% |
| ▁▃▃▄▂█▄▃ | NPA / Assets (%) | 0.00% | 0.03% | 0.03% | 0.04% | 0.02% | 0.10% | 0.04% | 0.04% |
| ▁▃▃▄▂█▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.04% | 0.04% | 0.06% | 0.02% | 0.14% | 0.05% | 0.05% |
| ▁▃▃▃▅██▇ | Tang. Book Value ($M) | $10 | $11 | $11 | $11 | $12 | $13 | $13 | $13 |
| ▁▁▁▃▆▇▇█ | Gross Loans ($M) | $99 | $100 | $100 | $102 | $106 | $109 | $109 | $111 |
| ▁▁▅▄▃▃▆█ | Total Deposits ($M) | $126 | $125 | $135 | $134 | $132 | $132 | $137 | $143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 10% |
| Agricultural | 13% |
| Consumer | 8% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |