Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.49% | +1.64 | 0.85% |
| Return on Equity (%) | ▲ | 29.58% | +18.57 | 11.01% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.57 | 2.85% |
| Efficiency Ratio (%) | ▲ | 48.84% | -24.48 | 73.32% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.53 | $1 |
| Cost of Funds (%) | ▲ | 1.85% | -0.34 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $368 | +4.48 | $363 |
| Gross Loans ($M) | ▲ | $252 | +23.33 | $229 |
| Loan Growth YoY (%) | ▲ | 74.95% | +6.88 | 68.07% |
| Total Deposits ($M) | ▲ | $333 | +0.65 | $332 |
| Shareholders Equity ($M) | ▲ | $31 | +2.61 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.53 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.18 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 74.95% | +6.88 | 68.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.30 | 0.46% |
| Allowance / Loans (%) | — | 1.00% | -0.11% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +0.37 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.36% | 2.37% | 2.45% | 2.85% | 2.98% | 3.03% | 3.11% | 3.41% |
| ▁▁▁▂▃▃▃█ | Return on Assets (%) | 0.46% | 0.45% | 0.49% | 0.85% | 1.09% | 1.13% | 1.17% | 2.49% |
| ███▆▅▅▅▁ | Efficiency Ratio (%) | 83.7% | 83.2% | 80.3% | 73.3% | 67.4% | 66.8% | 66.4% | 48.8% |
| ▆██▄▃▄▄▁ | Cost of Funds (%) | 2.31% | 2.53% | 2.47% | 2.19% | 2.05% | 2.17% | 2.19% | 1.85% |
| ▇▁▂▃▇▄▃█ | NPA / Assets (%) | 0.67% | 0.36% | 0.42% | 0.46% | 0.70% | 0.54% | 0.51% | 0.76% |
| █▁▂▃█▄▃█ | Net Charge-Off Ratio (%) | 1.07% | 0.55% | 0.66% | 0.74% | 1.05% | 0.79% | 0.74% | 1.11% |
| ▁▅▂▅▆▅▆█ | Tang. Book Value ($M) | $25 | $29 | $26 | $28 | $29 | $29 | $29 | $31 |
| ▁▂▂▁▄▅▇█ | Gross Loans ($M) | $227 | $233 | $233 | $229 | $239 | $242 | $247 | $252 |
| ▄█▇▆▇█▁▇ | Total Deposits ($M) | $329 | $335 | $333 | $332 | $333 | $336 | $324 | $333 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |