Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.37 | 1.35% |
| Return on Equity (%) | ▲ | 9.80% | +1.32 | 8.48% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.60 | 3.16% |
| Efficiency Ratio (%) | ▲ | 48.67% | -3.74 | 52.41% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.24 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $511 | -4.49 | $516 |
| Gross Loans ($M) | ▲ | $372 | +51.10 | $321 |
| Loan Growth YoY (%) | ▲ | 98.56% | +15.96 | 82.60% |
| Total Deposits ($M) | ▼ | $370 | -10.10 | $380 |
| Shareholders Equity ($M) | ▲ | $91 | +7.65 | $83 |
| Tang. Book Value ($M) | ▲ | $91 | +7.65 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +6.39 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 98.56% | +15.96 | 82.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.88% | -0.18% | 2.06% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.92% | 2.92% | 2.96% | 3.16% | 3.27% | 3.38% | 3.45% | 3.76% |
| ▁▁▁▃▅▆▇█ | Return on Assets (%) | 1.18% | 1.16% | 1.20% | 1.35% | 1.49% | 1.55% | 1.58% | 1.72% |
| ███▃▂▁▁▁ | Efficiency Ratio (%) | 58.6% | 59.2% | 58.2% | 52.4% | 50.2% | 49.6% | 49.5% | 48.7% |
| ▃▇▅█▇▅▁▂ | Cost of Funds (%) | 1.76% | 1.94% | 1.87% | 1.99% | 1.96% | 1.85% | 1.68% | 1.76% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $79 | $80 | $81 | $83 | $85 | $87 | $89 | $91 |
| ▁▂▅▄▄▅▇█ | Gross Loans ($M) | $286 | $298 | $333 | $321 | $322 | $334 | $353 | $372 |
| ▁▃██▆▆█▇ | Total Deposits ($M) | $303 | $323 | $383 | $380 | $362 | $358 | $379 | $370 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |