Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.51% | +0.06 | 2.44% |
| Return on Equity (%) | ▼ | 16.92% | -2.59 | 19.51% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.23 | 3.82% |
| Efficiency Ratio (%) | ▼ | 30.38% | +0.56 | 29.81% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.07 | $3 |
| Cost of Funds (%) | ▲ | 0.72% | -0.16 | 0.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $414 | -10.24 | $424 |
| Gross Loans ($M) | ▲ | $112 | +8.44 | $103 |
| Loan Growth YoY (%) | ▲ | 31.27% | +3.84 | 27.43% |
| Total Deposits ($M) | ▼ | $349 | -18.51 | $368 |
| Shareholders Equity ($M) | ▲ | $64 | +8.25 | $56 |
| Tang. Book Value ($M) | ▲ | $64 | +8.25 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +7.78 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 31.27% | +3.84 | 27.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.15% | -0.07% | 2.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 36.51% | +1.89 | 34.61% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▁▄▃▅█ | Net Interest Margin (%) | 4.07% | 4.01% | 3.98% | 3.82% | 3.93% | 3.91% | 3.95% | 4.05% |
| █▆▇▁█▅▅▄ | Return on Assets (%) | 2.59% | 2.54% | 2.57% | 2.44% | 2.58% | 2.53% | 2.53% | 2.51% |
| ▁▁▁▇▁▃▂█ | Efficiency Ratio (%) | 28.3% | 28.1% | 28.2% | 29.8% | 28.2% | 28.9% | 28.6% | 30.4% |
| ▁█▇▆▁█▁▁ | Cost of Funds (%) | 0.69% | 0.99% | 0.92% | 0.88% | 0.73% | 0.96% | 0.72% | 0.72% |
| ▁▁▁▁▁█▃▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% |
| ▁▁▁▁▁█▃▂ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.06% | 0.02% | 0.01% |
| ▁▄▂▄▆█▇█ | Tang. Book Value ($M) | $48 | $54 | $51 | $56 | $58 | $64 | $62 | $64 |
| ▁▄▁▂▂▄▆█ | Gross Loans ($M) | $101 | $106 | $102 | $103 | $103 | $106 | $108 | $112 |
| ▁▅█▇▆▅█▄ | Total Deposits ($M) | $327 | $358 | $378 | $368 | $364 | $356 | $374 | $349 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 28% |
| Agricultural | 8% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 4% |