Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.01 | 1.10% |
| Return on Equity (%) | ▲ | 11.58% | +0.14 | 11.44% |
| Net Interest Margin (%) | ▼ | 4.30% | -0.08 | 4.38% |
| Efficiency Ratio (%) | ▲ | 60.89% | -2.54 | 63.43% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $2 |
| Cost of Funds (%) | ▲ | 1.23% | -0.10 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $466 | +79.78 | $386 |
| Gross Loans ($M) | ▲ | $209 | +19.86 | $189 |
| Loan Growth YoY (%) | ▼ | 52.11% | -5.72 | 57.83% |
| Total Deposits ($M) | ▲ | $393 | +71.92 | $322 |
| Shareholders Equity ($M) | ▲ | $44 | +6.40 | $38 |
| Tang. Book Value ($M) | ▲ | $44 | +6.40 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +7.50 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 52.11% | -5.72 | 57.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.21 | 0.25% |
| Allowance / Loans (%) | — | 1.71% | 0.23% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.22 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.66% | +0.05 | 21.61% |
Noninterest income ($0.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▃▇██▁ | Net Interest Margin (%) | 4.45% | 4.36% | 4.33% | 4.38% | 4.55% | 4.60% | 4.61% | 4.30% |
| ▁▁▁▄▇██▄ | Return on Assets (%) | 0.90% | 0.88% | 0.94% | 1.10% | 1.31% | 1.42% | 1.39% | 1.11% |
| █▇▇▄▂▁▁▃ | Efficiency Ratio (%) | 69.7% | 67.7% | 67.4% | 63.4% | 59.1% | 57.2% | 57.8% | 60.9% |
| █▆█▂▃▂▃▁ | Cost of Funds (%) | 1.60% | 1.54% | 1.64% | 1.33% | 1.36% | 1.30% | 1.34% | 1.23% |
| ▁▃▄█▆▂▂▂ | NPA / Assets (%) | 0.00% | 0.07% | 0.11% | 0.25% | 0.18% | 0.05% | 0.06% | 0.04% |
| ▁▅▆█▅▃▄▃ | Net Charge-Off Ratio (%) | 0.00% | 0.16% | 0.23% | 0.32% | 0.18% | 0.10% | 0.13% | 0.10% |
| ▁▅▅▅▆▇██ | Tang. Book Value ($M) | $28 | $38 | $36 | $38 | $39 | $42 | $44 | $44 |
| ▁▁▃▄▆▇█▇ | Gross Loans ($M) | $172 | $174 | $187 | $189 | $199 | $204 | $214 | $209 |
| ▁▂▄▄▅▆██ | Total Deposits ($M) | $272 | $299 | $328 | $322 | $334 | $353 | $380 | $393 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 20% |
| Agricultural | 24% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |