Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.23 | 1.43% |
| Return on Equity (%) | ▲ | 17.98% | +2.06 | 15.92% |
| Net Interest Margin (%) | ▲ | 4.83% | +0.46 | 4.37% |
| Efficiency Ratio (%) | ▲ | 67.13% | -1.93 | 69.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.30 | $2 |
| Cost of Funds (%) | ▼ | 1.81% | +0.01 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $442 | +18.88 | $424 |
| Gross Loans ($M) | ▲ | $312 | +27.84 | $284 |
| Loan Growth YoY (%) | ▲ | 80.54% | +4.78 | 75.76% |
| Total Deposits ($M) | ▲ | $381 | +12.61 | $368 |
| Shareholders Equity ($M) | ▲ | $40 | +2.81 | $37 |
| Tang. Book Value ($M) | ▲ | $40 | +2.90 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +2.85 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 80.54% | +4.78 | 75.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.32 | 0.46% |
| Allowance / Loans (%) | — | 1.58% | -0.13% | 1.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.48 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.94% | 4.03% | 4.14% | 4.37% | 4.40% | 4.51% | 4.58% | 4.83% |
| ▁▁▂▅▂▄▅█ | Return on Assets (%) | 1.16% | 1.20% | 1.26% | 1.43% | 1.27% | 1.38% | 1.44% | 1.67% |
| ██▇▄█▄▄▁ | Efficiency Ratio (%) | 71.5% | 71.1% | 70.6% | 69.1% | 71.1% | 69.1% | 68.8% | 67.1% |
| ▂█▄▁▅█▇▁ | Cost of Funds (%) | 1.82% | 1.93% | 1.85% | 1.79% | 1.87% | 1.93% | 1.90% | 1.81% |
| ▄▂▄█▆▂▁▁ | NPA / Assets (%) | 0.29% | 0.20% | 0.27% | 0.46% | 0.38% | 0.21% | 0.15% | 0.15% |
| ▄▂▄█▆▂▁▁ | Net Charge-Off Ratio (%) | 0.44% | 0.30% | 0.40% | 0.69% | 0.54% | 0.30% | 0.21% | 0.21% |
| ▂▆▃▂▁▆█▇ | Tang. Book Value ($M) | $36 | $39 | $37 | $37 | $36 | $39 | $41 | $40 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $277 | $274 | $281 | $284 | $293 | $303 | $305 | $312 |
| ▁▁▁▄▃▄▅█ | Total Deposits ($M) | $357 | $358 | $356 | $368 | $364 | $368 | $370 | $381 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 8% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 19% |