Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.49 | 0.81% |
| Return on Equity (%) | ▲ | 18.03% | +3.52 | 14.51% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.60 | 3.08% |
| Efficiency Ratio (%) | ▲ | 66.76% | -9.33 | 76.10% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $1 |
| Cost of Funds (%) | ▲ | 1.13% | -0.23 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $326 | +4.76 | $321 |
| Gross Loans ($M) | ▼ | $165 | -2.76 | $168 |
| Loan Growth YoY (%) | ▼ | 56.39% | -2.85 | 59.25% |
| Total Deposits ($M) | ▲ | $288 | +9.19 | $279 |
| Shareholders Equity ($M) | ▲ | $23 | +4.62 | $19 |
| Tang. Book Value ($M) | ▲ | $23 | +4.62 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.34 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 56.39% | -2.85 | 59.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.17 | 0.03% |
| Allowance / Loans (%) | — | 1.76% | 0.03% | 1.72% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.34 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.71% | +0.70 | 16.01% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▄█ | Net Interest Margin (%) | 2.80% | 2.76% | 2.80% | 3.08% | 3.09% | 3.13% | 3.22% | 3.68% |
| ▂▁▁▂▃▅▄█ | Return on Assets (%) | 0.76% | 0.74% | 0.67% | 0.81% | 0.90% | 1.01% | 0.93% | 1.30% |
| ▇▇█▇▅▃▅▁ | Efficiency Ratio (%) | 75.9% | 76.4% | 78.7% | 76.1% | 73.5% | 71.0% | 73.7% | 66.8% |
| ▇██▇▇▆▂▁ | Cost of Funds (%) | 1.33% | 1.39% | 1.37% | 1.36% | 1.34% | 1.30% | 1.17% | 1.13% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.01% | 0.01% | 0.20% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.05% | 0.06% | 0.03% | 0.02% | 0.02% | 0.40% |
| ▁▆▁▃▂▇██ | Tang. Book Value ($M) | $18 | $22 | $17 | $19 | $18 | $22 | $23 | $23 |
| ▁▂▅▆██▆▅ | Gross Loans ($M) | $158 | $161 | $165 | $168 | $170 | $172 | $168 | $165 |
| ▇▄▁▅▅▇▆█ | Total Deposits ($M) | $283 | $275 | $265 | $279 | $278 | $283 | $280 | $288 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |