Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.35 | 0.87% |
| Return on Equity (%) | ▲ | 13.30% | +3.51 | 9.79% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.23 | 3.82% |
| Efficiency Ratio (%) | ▲ | 62.51% | -5.86 | 68.37% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.69 | $2 |
| Cost of Funds (%) | ▼ | 1.79% | +0.07 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $627 | +45.20 | $582 |
| Gross Loans ($M) | ▲ | $507 | +25.39 | $482 |
| Loan Growth YoY (%) | ▼ | 92.80% | -5.20 | 98.00% |
| Total Deposits ($M) | ▲ | $540 | +54.06 | $486 |
| Shareholders Equity ($M) | ▲ | $57 | +6.10 | $51 |
| Tang. Book Value ($M) | ▲ | $57 | +6.10 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +5.69 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 92.80% | -5.20 | 98.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.17 | 0.00% |
| Allowance / Loans (%) | — | 1.19% | 0.04% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.11 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▆▇▇█ | Net Interest Margin (%) | 3.35% | 3.43% | 3.53% | 3.82% | 3.87% | 3.90% | 3.96% | 4.05% |
| ▁▁▃▃▅▆▆█ | Return on Assets (%) | 0.68% | 0.75% | 0.82% | 0.87% | 0.99% | 1.04% | 1.07% | 1.22% |
| █▇▆▄▃▂▂▁ | Efficiency Ratio (%) | 77.6% | 75.5% | 72.9% | 68.4% | 66.7% | 65.5% | 64.7% | 62.5% |
| ▆▇▃▁▆██▄ | Cost of Funds (%) | 1.82% | 1.84% | 1.78% | 1.71% | 1.83% | 1.88% | 1.88% | 1.79% |
| ▂▁▃▁▄▅▇█ | NPA / Assets (%) | 0.03% | 0.00% | 0.05% | 0.00% | 0.08% | 0.10% | 0.14% | 0.17% |
| ▁▁▅▁▆█▅█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.07% | 0.00% | 0.10% | 0.13% | 0.07% | 0.12% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $47 | $50 | $50 | $51 | $52 | $54 | $56 | $57 |
| ▁▁▃▆▇▇▇█ | Gross Loans ($M) | $437 | $439 | $458 | $482 | $491 | $491 | $498 | $507 |
| ▁▁▁▃▆▇██ | Total Deposits ($M) | $462 | $457 | $460 | $486 | $512 | $523 | $531 | $540 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 14% |