Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.27 | 1.24% |
| Return on Equity (%) | ▲ | 15.03% | +0.95 | 14.08% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.36 | 3.74% |
| Efficiency Ratio (%) | ▲ | 64.30% | -4.07 | 68.36% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.54 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.25 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $708 | +38.58 | $670 |
| Gross Loans ($M) | ▲ | $423 | +3.58 | $419 |
| Loan Growth YoY (%) | ▼ | 69.63% | -7.37 | 77.00% |
| Total Deposits ($M) | ▲ | $600 | +62.02 | $538 |
| Shareholders Equity ($M) | ▲ | $70 | +9.74 | $60 |
| Tang. Book Value ($M) | ▲ | $66 | +9.74 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +10.27 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 69.63% | -7.37 | 77.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.16 | 0.17% |
| Allowance / Loans (%) | — | 1.28% | -0.01% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.25 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.22% | 3.29% | 3.37% | 3.74% | 3.82% | 3.90% | 3.96% | 4.10% |
| ▁▁▂▆▆▇██ | Return on Assets (%) | 0.72% | 0.76% | 0.88% | 1.24% | 1.28% | 1.36% | 1.44% | 1.51% |
| ██▇▃▃▂▁▁ | Efficiency Ratio (%) | 77.7% | 77.2% | 75.1% | 68.4% | 68.2% | 66.9% | 64.9% | 64.3% |
| ██▆▄▃▃▂▁ | Cost of Funds (%) | 1.82% | 1.86% | 1.70% | 1.51% | 1.43% | 1.44% | 1.35% | 1.26% |
| ▅▂▃▄▄█▇▁ | NPA / Assets (%) | 0.22% | 0.10% | 0.11% | 0.17% | 0.18% | 0.37% | 0.29% | 0.01% |
| ▅▂▃▄▄█▇▁ | Net Charge-Off Ratio (%) | 0.37% | 0.16% | 0.17% | 0.27% | 0.30% | 0.61% | 0.46% | 0.02% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $47 | $52 | $52 | $56 | $57 | $61 | $64 | $66 |
| ▁▁▄▆▄▃█▇ | Gross Loans ($M) | $404 | $407 | $415 | $419 | $413 | $411 | $426 | $423 |
| ▁▁▁▁▃▄▄█ | Total Deposits ($M) | $529 | $530 | $532 | $538 | $552 | $562 | $561 | $600 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 14% |
| Agricultural | 8% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |