Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.06 | 1.96% |
| Return on Equity (%) | ▼ | 17.18% | -1.03 | 18.21% |
| Net Interest Margin (%) | ▲ | 4.88% | +0.27 | 4.60% |
| Efficiency Ratio (%) | ▼ | 57.79% | +2.27 | 55.52% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.01 | $3 |
| Cost of Funds (%) | ▲ | 2.02% | -0.22 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $621 | +19.96 | $601 |
| Gross Loans ($M) | ▲ | $517 | +34.87 | $482 |
| Loan Growth YoY (%) | ▲ | 105.66% | +5.43 | 100.23% |
| Total Deposits ($M) | ▲ | $480 | +7.73 | $473 |
| Shareholders Equity ($M) | ▲ | $73 | +7.54 | $66 |
| Tang. Book Value ($M) | ▲ | $73 | +7.54 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.53 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 105.66% | +5.43 | 100.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.11% | +0.50 | 0.61% |
| Allowance / Loans (%) | — | 1.78% | 0.09% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.59 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▆▇██ | Net Interest Margin (%) | 4.49% | 4.54% | 4.56% | 4.60% | 4.75% | 4.82% | 4.85% | 4.88% |
| ▁▁▃▃▄██▄ | Return on Assets (%) | 1.84% | 1.87% | 1.96% | 1.96% | 2.03% | 2.27% | 2.25% | 2.02% |
| ██▆▅▅▁▁█ | Efficiency Ratio (%) | 58.0% | 57.6% | 56.2% | 55.5% | 55.6% | 52.7% | 53.0% | 57.8% |
| ▆█▇▇▆▄▄▁ | Cost of Funds (%) | 2.21% | 2.30% | 2.24% | 2.24% | 2.21% | 2.14% | 2.13% | 2.02% |
| ▂▃▁▂▁▁▄█ | NPA / Assets (%) | 0.57% | 0.67% | 0.55% | 0.61% | 0.53% | 0.47% | 0.77% | 1.11% |
| ▂▃▂▂▁▁▄█ | Net Charge-Off Ratio (%) | 0.68% | 0.79% | 0.68% | 0.69% | 0.64% | 0.58% | 0.89% | 1.28% |
| ▁▁▃▄▄▆██ | Tang. Book Value ($M) | $61 | $62 | $64 | $66 | $67 | $70 | $72 | $73 |
| ▁▂▂▃▃▄▆█ | Gross Loans ($M) | $468 | $478 | $477 | $482 | $484 | $492 | $503 | $517 |
| ▁▁█▆▅▆▇█ | Total Deposits ($M) | $450 | $448 | $482 | $473 | $469 | $473 | $475 | $480 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 18% |