Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.26% | +0.46 | 1.79% |
| Return on Equity (%) | ▲ | 17.83% | +3.05 | 14.78% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.24 | 3.52% |
| Efficiency Ratio (%) | ▲ | 48.93% | -7.12 | 56.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.55 | $1 |
| Cost of Funds (%) | ▲ | 1.45% | -0.28 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $357 | +20.43 | $337 |
| Gross Loans ($M) | ▲ | $185 | +19.75 | $165 |
| Loan Growth YoY (%) | ▲ | 57.67% | +3.41 | 54.26% |
| Total Deposits ($M) | ▲ | $311 | +16.99 | $294 |
| Shareholders Equity ($M) | ▲ | $44 | +3.55 | $40 |
| Tang. Book Value ($M) | ▲ | $44 | +3.55 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +3.93 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 57.67% | +3.41 | 54.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.27 | 0.73% |
| Allowance / Loans (%) | — | 2.85% | -0.39% | 3.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.90% | -0.60 | 1.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▆▆██ | Net Interest Margin (%) | 3.41% | 3.47% | 3.49% | 3.52% | 3.64% | 3.67% | 3.75% | 3.75% |
| ▂▄▄▁▃▄█▇ | Return on Assets (%) | 1.90% | 2.02% | 2.06% | 1.79% | 1.97% | 2.05% | 2.35% | 2.26% |
| ▅▄▃█▆▅▃▁ | Efficiency Ratio (%) | 53.3% | 51.7% | 51.0% | 56.1% | 53.9% | 52.6% | 51.3% | 48.9% |
| ██▇▆▅▃▂▁ | Cost of Funds (%) | 1.85% | 1.89% | 1.79% | 1.73% | 1.70% | 1.58% | 1.53% | 1.45% |
| ▄▄▄▃█▃▁▁ | NPA / Assets (%) | 0.81% | 0.80% | 0.78% | 0.73% | 1.18% | 0.69% | 0.49% | 0.46% |
| ▃▃▃▄█▃▁▁ | Net Charge-Off Ratio (%) | 1.41% | 1.39% | 1.40% | 1.50% | 2.39% | 1.36% | 0.93% | 0.90% |
| ▁▆▁▂▂█▆▆ | Tang. Book Value ($M) | $40 | $44 | $40 | $40 | $41 | $46 | $45 | $44 |
| ██▆▁▁▃▆█ | Gross Loans ($M) | $186 | $186 | $179 | $165 | $163 | $172 | $181 | $185 |
| ▂▁▂▅▃▄▅█ | Total Deposits ($M) | $282 | $277 | $282 | $294 | $285 | $290 | $297 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 6% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 4% |