Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.42 | 0.36% |
| Return on Equity (%) | ▲ | 9.97% | +4.40 | 5.57% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.50 | 2.23% |
| Efficiency Ratio (%) | ▲ | 77.48% | -9.07 | 86.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.14 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $639 | +26.49 | $612 |
| Gross Loans ($M) | ▲ | $282 | +43.47 | $238 |
| Loan Growth YoY (%) | ▲ | 48.89% | +6.29 | 42.60% |
| Total Deposits ($M) | ▲ | $571 | +16.47 | $554 |
| Shareholders Equity ($M) | ▲ | $49 | +7.79 | $41 |
| Tang. Book Value ($M) | ▲ | $47 | +7.90 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +7.02 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 48.89% | +6.29 | 42.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.27 | 0.00% |
| Allowance / Loans (%) | — | 0.97% | 0.06% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.61 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.80% | -2.56 | 21.36% |
Noninterest income ($1.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 1.98% | 1.99% | 2.02% | 2.23% | 2.37% | 2.43% | 2.47% | 2.73% |
| ▁▁▂▃▅▅▆█ | Return on Assets (%) | 0.22% | 0.28% | 0.33% | 0.36% | 0.50% | 0.56% | 0.58% | 0.78% |
| █▇▆▆▂▂▂▁ | Efficiency Ratio (%) | 91.4% | 89.1% | 87.5% | 86.5% | 80.5% | 79.5% | 79.4% | 77.5% |
| ▅█▆▃▂▃▂▁ | Cost of Funds (%) | 1.64% | 1.82% | 1.70% | 1.56% | 1.49% | 1.56% | 1.50% | 1.42% |
| ▁▁▁▁▁▇██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.28% | 0.27% |
| ▁▁▁▁▁▇██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.52% | 0.60% | 0.61% |
| ▁▅▂▄▅███ | Tang. Book Value ($M) | $32 | $40 | $36 | $40 | $41 | $46 | $48 | $47 |
| ▁▂▃▃▅▆██ | Gross Loans ($M) | $213 | $228 | $235 | $238 | $257 | $264 | $287 | $282 |
| ▂▁▃▆▅▃▆█ | Total Deposits ($M) | $529 | $521 | $539 | $554 | $547 | $536 | $554 | $571 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 15% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 10% |