Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.15 | 1.15% |
| Return on Equity (%) | ▲ | 7.66% | +0.65 | 7.01% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.32 | 3.88% |
| Efficiency Ratio (%) | ▲ | 55.33% | -1.56 | 56.89% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.06 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $605 | +16.96 | $588 |
| Gross Loans ($M) | ▲ | $465 | +26.11 | $439 |
| Loan Growth YoY (%) | ▲ | 104.03% | +5.38 | 98.65% |
| Total Deposits ($M) | ▲ | $442 | +2.16 | $440 |
| Shareholders Equity ($M) | ▲ | $103 | +3.27 | $99 |
| Tang. Book Value ($M) | ▲ | $53 | +4.29 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +3.99 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 104.03% | +5.38 | 98.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.98% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.10% | +0.31 | 10.79% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.59% | 3.60% | 3.62% | 3.88% | 3.92% | 3.97% | 4.00% | 4.20% |
| ▁▁▁▅▆▆▆█ | Return on Assets (%) | 0.93% | 0.95% | 0.97% | 1.15% | 1.17% | 1.18% | 1.18% | 1.30% |
| ███▃▂▂▂▁ | Efficiency Ratio (%) | 60.2% | 60.0% | 59.8% | 56.9% | 56.0% | 56.4% | 56.5% | 55.3% |
| ▆█▆▂▂▂▄▁ | Cost of Funds (%) | 1.83% | 1.92% | 1.81% | 1.66% | 1.65% | 1.65% | 1.76% | 1.61% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▆███ | Tang. Book Value ($M) | $46 | $48 | $48 | $49 | $51 | $53 | $53 | $53 |
| ▁▃▃▅▅▇▇█ | Gross Loans ($M) | $410 | $424 | $426 | $439 | $438 | $453 | $457 | $465 |
| ▂▁█▅▃▂▃▅ | Total Deposits ($M) | $422 | $412 | $461 | $440 | $427 | $418 | $425 | $442 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 12% |
| Agricultural | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |