Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.13 | 1.22% |
| Return on Equity (%) | ▲ | 15.85% | +0.43 | 15.42% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.61 | 3.61% |
| Efficiency Ratio (%) | ▲ | 63.44% | -6.39 | 69.83% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.20 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $482 | +23.80 | $459 |
| Gross Loans ($M) | ▲ | $295 | +45.59 | $249 |
| Loan Growth YoY (%) | ▲ | 66.04% | +7.68 | 58.36% |
| Total Deposits ($M) | ▲ | $440 | +19.05 | $421 |
| Shareholders Equity ($M) | ▲ | $42 | +5.30 | $36 |
| Tang. Book Value ($M) | ▲ | $42 | +5.30 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +4.31 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 66.04% | +7.68 | 58.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.55 | 0.41% |
| Allowance / Loans (%) | — | 1.43% | 0.02% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 1.57% | +0.81 | 0.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.57% | 3.64% | 3.64% | 3.61% | 3.77% | 3.87% | 3.91% | 4.22% |
| ▂▄▁▁▇█▄▄ | Return on Assets (%) | 1.25% | 1.34% | 1.18% | 1.22% | 1.51% | 1.58% | 1.35% | 1.36% |
| ▂▄██▂▁▅▁ | Efficiency Ratio (%) | 65.0% | 66.0% | 70.0% | 69.8% | 64.6% | 63.9% | 67.4% | 63.4% |
| ██▄▆▆▅▁▁ | Cost of Funds (%) | 1.56% | 1.57% | 1.43% | 1.50% | 1.49% | 1.46% | 1.32% | 1.30% |
| ▂▃▂▁▁▃▂█ | NPA / Assets (%) | 0.50% | 0.59% | 0.51% | 0.41% | 0.44% | 0.62% | 0.50% | 0.96% |
| ▂▃▂▁▁▃▁█ | Net Charge-Off Ratio (%) | 0.87% | 1.02% | 0.91% | 0.76% | 0.76% | 1.05% | 0.85% | 1.57% |
| ▁▅▁▁▃█▆█ | Tang. Book Value ($M) | $36 | $39 | $36 | $36 | $38 | $42 | $40 | $42 |
| ▁▁▁▂▄▄▆█ | Gross Loans ($M) | $247 | $242 | $243 | $249 | $262 | $265 | $280 | $295 |
| ▃▁▅▅▄▃██ | Total Deposits ($M) | $407 | $395 | $419 | $421 | $413 | $408 | $435 | $440 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 6% |