Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.64% | +0.45 | 0.19% |
| Return on Equity (%) | ▲ | 8.13% | +5.33 | 2.80% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.59 | 2.72% |
| Efficiency Ratio (%) | ▲ | 83.84% | -10.62 | 94.45% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $0 |
| Cost of Funds (%) | ▲ | 0.86% | -0.40 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $343 | +2.88 | $340 |
| Gross Loans ($M) | ▲ | $145 | +10.45 | $134 |
| Loan Growth YoY (%) | ▲ | 46.38% | +4.03 | 42.35% |
| Total Deposits ($M) | ▼ | $310 | -4.84 | $315 |
| Shareholders Equity ($M) | ▲ | $26 | +2.80 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +2.80 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.20 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 46.38% | +4.03 | 42.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.06 | 0.47% |
| Allowance / Loans (%) | — | 0.65% | -0.05% | 0.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.13 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.43% | +0.54 | 19.89% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▅▁▂▄▅█ | Net Interest Margin (%) | 3.20% | 3.17% | 3.08% | 2.72% | 2.82% | 2.95% | 3.05% | 3.31% |
| █▇▅▁▁▂▂▃ | Return on Assets (%) | 1.45% | 1.15% | 0.86% | 0.19% | 0.34% | 0.43% | 0.50% | 0.64% |
| ▁▂▄█▇▆▆▅ | Efficiency Ratio (%) | 69.5% | 74.1% | 80.1% | 94.5% | 90.4% | 88.1% | 86.5% | 83.8% |
| ███▅▄▃▂▁ | Cost of Funds (%) | 1.46% | 1.52% | 1.48% | 1.26% | 1.14% | 1.07% | 0.95% | 0.86% |
| ▁▆▂▁▂▇█▅ | NPA / Assets (%) | 0.45% | 0.55% | 0.48% | 0.47% | 0.48% | 0.57% | 0.59% | 0.53% |
| ▁█▂▁▁▆▇▄ | Net Charge-Off Ratio (%) | 0.47% | 0.72% | 0.49% | 0.45% | 0.45% | 0.63% | 0.66% | 0.58% |
| ▃█▁▃▄▆▇▇ | Tang. Book Value ($M) | $24 | $28 | $22 | $23 | $24 | $26 | $26 | $26 |
| ▆▆▁▁▄▇██ | Gross Loans ($M) | $141 | $141 | $134 | $134 | $138 | $142 | $145 | $145 |
| ▆▅▃█▄▁▁▅ | Total Deposits ($M) | $312 | $310 | $306 | $315 | $308 | $303 | $303 | $310 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 18% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 5% |