Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.50% | +0.60 | 2.90% |
| Return on Equity (%) | ▼ | 36.76% | -0.07 | 36.83% |
| Net Interest Margin (%) | ▲ | 5.42% | +0.87 | 4.55% |
| Efficiency Ratio (%) | ▲ | 42.13% | -0.68 | 42.82% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.42 | $3 |
| Cost of Funds (%) | ▲ | 1.27% | -0.27 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $332 | +4.91 | $327 |
| Gross Loans ($M) | ▲ | $242 | +20.55 | $222 |
| Loan Growth YoY (%) | ▲ | 79.70% | +6.41 | 73.28% |
| Total Deposits ($M) | ▲ | $301 | +1.46 | $300 |
| Shareholders Equity ($M) | ▲ | $30 | +3.58 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +3.58 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +3.19 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 79.70% | +6.41 | 73.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.13 | 0.34% |
| Allowance / Loans (%) | — | 1.02% | -0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.21 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.19% | +0.36 | 13.83% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▂▁▂▄▄█ | Net Interest Margin (%) | 4.77% | 4.84% | 4.68% | 4.55% | 4.76% | 4.93% | 4.98% | 5.42% |
| ▁▂▂▁▃▄▅█ | Return on Assets (%) | 2.95% | 3.05% | 2.98% | 2.90% | 3.09% | 3.20% | 3.25% | 3.50% |
| █▆▅▃▁▁▂▂ | Efficiency Ratio (%) | 46.4% | 45.0% | 44.1% | 42.8% | 41.4% | 41.7% | 42.2% | 42.1% |
| ▄██▆▄▅▁▁ | Cost of Funds (%) | 1.45% | 1.65% | 1.63% | 1.54% | 1.41% | 1.48% | 1.28% | 1.27% |
| ██▆▇▁▁▃▄ | NPA / Assets (%) | 0.37% | 0.40% | 0.31% | 0.34% | 0.05% | 0.06% | 0.14% | 0.21% |
| ████▁▁▁▄ | Net Charge-Off Ratio (%) | 0.51% | 0.55% | 0.50% | 0.49% | 0.08% | 0.08% | 0.13% | 0.29% |
| ▁▃▃▃▅▇█▇ | Tang. Book Value ($M) | $24 | $26 | $27 | $27 | $29 | $30 | $32 | $30 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $208 | $211 | $219 | $222 | $226 | $231 | $238 | $242 |
| ▁▁█▆▆▃▅▆ | Total Deposits ($M) | $251 | $253 | $327 | $300 | $302 | $279 | $292 | $301 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 11% |