Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.52 | 0.62% |
| Return on Equity (%) | ▲ | 11.51% | +4.36 | 7.15% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.49 | 3.10% |
| Efficiency Ratio (%) | ▲ | 62.00% | -7.81 | 69.81% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.64 | $1 |
| Cost of Funds (%) | ▲ | 1.34% | -0.13 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $492 | +17.61 | $475 |
| Gross Loans ($M) | ▲ | $301 | +37.44 | $264 |
| Loan Growth YoY (%) | ▲ | 68.67% | +7.62 | 61.05% |
| Total Deposits ($M) | ▲ | $433 | +6.67 | $427 |
| Shareholders Equity ($M) | ▲ | $49 | +7.25 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +7.25 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +6.96 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 68.67% | +7.62 | 61.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.03 | 0.09% |
| Allowance / Loans (%) | — | 1.14% | -0.03% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.05 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.56% | -0.74 | 18.29% |
Noninterest income ($0.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.63% | 2.66% | 2.73% | 3.10% | 3.24% | 3.32% | 3.39% | 3.60% |
| ▁▁▁▁▅▆▆█ | Return on Assets (%) | 0.61% | 0.61% | 0.66% | 0.62% | 0.93% | 0.94% | 0.97% | 1.13% |
| ██▇▆▂▂▁▁ | Efficiency Ratio (%) | 73.6% | 73.7% | 71.0% | 69.8% | 63.7% | 64.2% | 62.8% | 62.0% |
| ███▃▂▂▂▁ | Cost of Funds (%) | 1.71% | 1.69% | 1.71% | 1.48% | 1.41% | 1.41% | 1.40% | 1.34% |
| ▃▅█▂▂▃▇▁ | NPA / Assets (%) | 0.10% | 0.12% | 0.17% | 0.09% | 0.08% | 0.10% | 0.15% | 0.07% |
| ▂▅█▃▁▂▆▁ | Net Charge-Off Ratio (%) | 0.12% | 0.17% | 0.27% | 0.13% | 0.07% | 0.10% | 0.22% | 0.09% |
| ▁▄▁▃▃▆██ | Tang. Book Value ($M) | $36 | $40 | $36 | $38 | $39 | $43 | $45 | $46 |
| ▁▁▃▂▃▄██ | Gross Loans ($M) | $253 | $258 | $265 | $264 | $268 | $275 | $297 | $301 |
| ▃▁▁▄█▆█▇ | Total Deposits ($M) | $421 | $414 | $417 | $427 | $438 | $431 | $439 | $433 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 14% |