Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +1.02 | 0.01% |
| Return on Equity (%) | ▲ | 12.50% | +12.36 | 0.14% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.47 | 3.16% |
| Efficiency Ratio (%) | ▲ | 67.68% | -33.81 | 101.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.97 | $-0 |
| Cost of Funds (%) | ▲ | 1.23% | -0.28 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $586 | +4.07 | $582 |
| Gross Loans ($M) | ▲ | $374 | +22.46 | $351 |
| Loan Growth YoY (%) | ▲ | 80.80% | +5.70 | 75.10% |
| Total Deposits ($M) | ▼ | $457 | -5.08 | $462 |
| Shareholders Equity ($M) | ▲ | $48 | +7.52 | $41 |
| Tang. Book Value ($M) | ▲ | $39 | +7.64 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +7.42 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 80.80% | +5.70 | 75.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.05 | 0.20% |
| Allowance / Loans (%) | — | 1.25% | -0.01% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.31% | -0.02 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.70% | -0.01 | 12.70% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.76% | 2.79% | 2.92% | 3.16% | 3.31% | 3.39% | 3.45% | 3.63% |
| ▃▃▃▁▄▅▆█ | Return on Assets (%) | 0.34% | 0.38% | 0.38% | 0.01% | 0.43% | 0.62% | 0.77% | 1.03% |
| ▆▆▆█▅▄▃▁ | Efficiency Ratio (%) | 91.0% | 89.0% | 90.8% | 101.5% | 87.0% | 81.3% | 76.8% | 67.7% |
| ██▆▅▅▄▁▁ | Cost of Funds (%) | 1.70% | 1.70% | 1.52% | 1.51% | 1.48% | 1.42% | 1.22% | 1.23% |
| █▄▃▂▅▁█▇ | NPA / Assets (%) | 0.27% | 0.22% | 0.21% | 0.20% | 0.23% | 0.19% | 0.26% | 0.25% |
| █▅▄▃▁▁▃▂ | Net Charge-Off Ratio (%) | 0.44% | 0.36% | 0.34% | 0.33% | 0.27% | 0.29% | 0.32% | 0.31% |
| ▁▅▁▂▄▇██ | Tang. Book Value ($M) | $30 | $35 | $31 | $32 | $34 | $37 | $39 | $39 |
| ▁▁▃▄▆▆▇█ | Gross Loans ($M) | $334 | $337 | $346 | $351 | $360 | $362 | $368 | $374 |
| ▂▆█▆▂▁▂▄ | Total Deposits ($M) | $451 | $462 | $468 | $462 | $451 | $448 | $453 | $457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |