Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.48 | 1.12% |
| Return on Equity (%) | ▲ | 19.30% | +3.23 | 16.07% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.43 | 3.61% |
| Efficiency Ratio (%) | ▲ | 63.82% | -5.94 | 69.75% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 1.60% | -0.14 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $504 | +31.24 | $473 |
| Gross Loans ($M) | ▲ | $326 | +31.26 | $295 |
| Loan Growth YoY (%) | ▲ | 70.30% | +3.42 | 66.88% |
| Total Deposits ($M) | ▲ | $458 | +22.62 | $436 |
| Shareholders Equity ($M) | ▲ | $43 | +8.86 | $34 |
| Tang. Book Value ($M) | ▲ | $43 | +8.86 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +8.47 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 70.30% | +3.42 | 66.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.17 | 0.02% |
| Allowance / Loans (%) | — | 1.28% | 0.02% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.26 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▆█ | Net Interest Margin (%) | 3.43% | 3.49% | 3.52% | 3.61% | 3.68% | 3.73% | 3.81% | 4.04% |
| ▁▂▁▁▃▃▄█ | Return on Assets (%) | 1.13% | 1.19% | 1.18% | 1.12% | 1.26% | 1.26% | 1.33% | 1.60% |
| █▇▆█▆▃▂▁ | Efficiency Ratio (%) | 70.5% | 69.5% | 68.8% | 69.8% | 68.1% | 66.3% | 65.3% | 63.8% |
| ▁▅▇▇███▂ | Cost of Funds (%) | 1.57% | 1.68% | 1.75% | 1.74% | 1.79% | 1.79% | 1.77% | 1.60% |
| ▁▂▂▁▁▁██ | NPA / Assets (%) | 0.02% | 0.04% | 0.06% | 0.02% | 0.02% | 0.03% | 0.19% | 0.19% |
| ▁▂▂▁▁▁██ | Net Charge-Off Ratio (%) | 0.03% | 0.07% | 0.09% | 0.03% | 0.03% | 0.05% | 0.29% | 0.29% |
| ▁▅▁▃▅▇▆█ | Tang. Book Value ($M) | $31 | $37 | $30 | $34 | $37 | $41 | $39 | $43 |
| ▁▁▃▅▅▇██ | Gross Loans ($M) | $261 | $268 | $285 | $295 | $302 | $312 | $328 | $326 |
| ▂▁▁▆▆▇▇█ | Total Deposits ($M) | $404 | $393 | $400 | $436 | $441 | $448 | $442 | $458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 4% |
| Agricultural | 8% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 13% |