Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.45 | 0.57% |
| Return on Equity (%) | ▲ | 16.94% | +4.26 | 12.68% |
| Net Interest Margin (%) | ▲ | 2.86% | +0.32 | 2.54% |
| Efficiency Ratio (%) | ▲ | 64.87% | -1.99 | 66.86% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 2.14% | -0.25 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $583 | +23.57 | $559 |
| Gross Loans ($M) | ▲ | $323 | +27.03 | $296 |
| Loan Growth YoY (%) | ▲ | 60.26% | +3.34 | 56.92% |
| Total Deposits ($M) | ▲ | $530 | +15.08 | $515 |
| Shareholders Equity ($M) | ▲ | $36 | +10.39 | $25 |
| Tang. Book Value ($M) | ▲ | $31 | +11.18 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +11.13 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 60.26% | +3.34 | 56.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.87% | +0.86 | 0.01% |
| Allowance / Loans (%) | — | 1.17% | 0.14% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.52% | +1.50 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▄▄▅█ | Net Interest Margin (%) | 2.21% | 2.21% | 2.26% | 2.54% | 2.47% | 2.51% | 2.58% | 2.86% |
| ▁▁▁▃▂▃▄█ | Return on Assets (%) | 0.41% | 0.38% | 0.42% | 0.57% | 0.47% | 0.58% | 0.70% | 1.02% |
| ███▂▃▃▁▁ | Efficiency Ratio (%) | 77.7% | 77.7% | 76.4% | 66.9% | 68.9% | 68.9% | 66.3% | 64.9% |
| ██▇▅▅▅▄▁ | Cost of Funds (%) | 2.59% | 2.62% | 2.55% | 2.39% | 2.44% | 2.43% | 2.33% | 2.14% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.01% | 0.02% | 0.05% | 0.01% | 0.94% | 0.90% | 0.87% | 0.87% |
| ▁▁▁▁██▇▇ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.09% | 0.02% | 1.74% | 1.68% | 1.51% | 1.52% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $16 | $22 | $19 | $20 | $22 | $27 | $31 | $31 |
| ▁▂▄▅▆▆██ | Gross Loans ($M) | $257 | $271 | $290 | $296 | $305 | $305 | $330 | $323 |
| ▁▃▄▆▆▆█▇ | Total Deposits ($M) | $463 | $490 | $502 | $515 | $515 | $518 | $544 | $530 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 12% |
| Agricultural | 24% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |