Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.96% | +0.29 | 1.67% |
| Return on Equity (%) | ▲ | 21.71% | +2.83 | 18.88% |
| Net Interest Margin (%) | ▲ | 4.89% | +0.36 | 4.53% |
| Efficiency Ratio (%) | ▲ | 52.28% | -3.38 | 55.66% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.73 | $3 |
| Cost of Funds (%) | ▲ | 1.05% | -0.09 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $568 | +39.65 | $529 |
| Gross Loans ($M) | ▲ | $392 | +43.44 | $348 |
| Loan Growth YoY (%) | ▲ | 75.32% | +3.25 | 72.06% |
| Total Deposits ($M) | ▲ | $512 | +36.27 | $475 |
| Shareholders Equity ($M) | ▲ | $52 | +3.67 | $49 |
| Tang. Book Value ($M) | ▲ | $52 | +3.67 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +3.00 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 75.32% | +3.25 | 72.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.08 | 0.08% |
| Allowance / Loans (%) | — | 1.69% | -0.02% | 1.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.12 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 4.26% | 4.33% | 4.41% | 4.53% | 4.68% | 4.66% | 4.74% | 4.89% |
| ▁▂▃▄▆▇██ | Return on Assets (%) | 1.45% | 1.57% | 1.60% | 1.67% | 1.83% | 1.87% | 1.92% | 1.96% |
| █▆▆▄▂▁▁▁ | Efficiency Ratio (%) | 59.4% | 57.4% | 57.4% | 55.7% | 53.5% | 52.8% | 52.0% | 52.3% |
| █▆█▄▃▃▄▁ | Cost of Funds (%) | 1.27% | 1.21% | 1.25% | 1.14% | 1.13% | 1.12% | 1.15% | 1.05% |
| ▁▇▇▇▇██▁ | NPA / Assets (%) | 0.00% | 0.08% | 0.08% | 0.08% | 0.08% | 0.10% | 0.10% | 0.00% |
| ▁▇▇▇▇██▁ | Net Charge-Off Ratio (%) | 0.00% | 0.12% | 0.12% | 0.12% | 0.11% | 0.15% | 0.14% | 0.00% |
| ▁▅▁▄▄█▅█ | Tang. Book Value ($M) | $45 | $49 | $45 | $49 | $48 | $53 | $50 | $52 |
| ▁▂▃▃▄▄▆█ | Gross Loans ($M) | $330 | $344 | $348 | $348 | $355 | $358 | $372 | $392 |
| ▁▄▅▄▄▇██ | Total Deposits ($M) | $448 | $474 | $482 | $475 | $474 | $504 | $505 | $512 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |