Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +0.31 | 0.62% |
| Return on Equity (%) | ▲ | 12.39% | +3.17 | 9.22% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.55 | 3.22% |
| Efficiency Ratio (%) | ▲ | 66.81% | -6.08 | 72.89% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.82% | -0.28 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +23.74 | $357 |
| Gross Loans ($M) | ▲ | $290 | +19.23 | $271 |
| Loan Growth YoY (%) | ▼ | 83.14% | -0.44 | 83.58% |
| Total Deposits ($M) | ▲ | $345 | +24.61 | $320 |
| Shareholders Equity ($M) | ▲ | $28 | +3.94 | $24 |
| Tang. Book Value ($M) | ▲ | $27 | +3.98 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.11 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 83.14% | -0.44 | 83.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.93% | -0.02 | 0.95% |
| Allowance / Loans (%) | — | 1.21% | -0.02% | 1.22% |
| Net Charge-Off Ratio (%) | — | 1.05% | 0.00 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.79% | +0.02 | 10.76% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.87% | 2.91% | 2.96% | 3.22% | 3.42% | 3.47% | 3.55% | 3.78% |
| ▁▂▂▂▇▇▇█ | Return on Assets (%) | 0.53% | 0.59% | 0.61% | 0.62% | 0.84% | 0.87% | 0.85% | 0.93% |
| █▇▆▄▂▂▂▁ | Efficiency Ratio (%) | 81.8% | 78.5% | 77.9% | 72.9% | 69.6% | 69.3% | 69.4% | 66.8% |
| ██▇▅▄▄▃▁ | Cost of Funds (%) | 2.26% | 2.31% | 2.25% | 2.10% | 2.04% | 2.05% | 1.98% | 1.82% |
| ▁▅▄▄▄▅█▄ | NPA / Assets (%) | 0.84% | 0.98% | 0.94% | 0.95% | 0.94% | 0.97% | 1.08% | 0.93% |
| ▁██▂▁▂▇▂ | Net Charge-Off Ratio (%) | 1.02% | 1.24% | 1.23% | 1.05% | 1.00% | 1.05% | 1.21% | 1.05% |
| ▁▃▁▃▄▇▇█ | Tang. Book Value ($M) | $21 | $23 | $22 | $23 | $23 | $26 | $26 | $27 |
| ▁▁▃▃▄▆▇█ | Gross Loans ($M) | $261 | $264 | $270 | $271 | $274 | $283 | $286 | $290 |
| ▁▁▃▅▄▆▆█ | Total Deposits ($M) | $284 | $291 | $307 | $320 | $313 | $325 | $327 | $345 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 20% |