Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.56 | 0.88% |
| Return on Equity (%) | ▲ | 11.65% | +4.32 | 7.33% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.29 | 2.90% |
| Efficiency Ratio (%) | ▲ | 59.43% | -14.26 | 73.69% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.34 | $2 |
| Cost of Funds (%) | ▲ | 1.87% | -0.15 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $630 | +36.83 | $593 |
| Gross Loans ($M) | ▲ | $490 | +5.38 | $484 |
| Loan Growth YoY (%) | ▼ | 91.49% | -4.46 | 95.95% |
| Total Deposits ($M) | ▲ | $529 | +30.32 | $499 |
| Shareholders Equity ($M) | ▲ | $76 | +6.61 | $70 |
| Tang. Book Value ($M) | ▲ | $76 | +6.63 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +7.05 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 91.49% | -4.46 | 95.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.18 | 0.24% |
| Allowance / Loans (%) | — | 1.08% | -0.03% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.22 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.56% | 2.58% | 2.63% | 2.90% | 3.00% | 3.02% | 3.05% | 3.19% |
| ▁▁▄▂▃▄██ | Return on Assets (%) | 0.75% | 0.83% | 1.04% | 0.88% | 0.98% | 1.09% | 1.39% | 1.44% |
| █▇▅█▇▅▂▁ | Efficiency Ratio (%) | 74.4% | 72.5% | 68.1% | 73.7% | 70.9% | 67.9% | 62.0% | 59.4% |
| ██▇▃▄▄▆▁ | Cost of Funds (%) | 2.27% | 2.27% | 2.21% | 2.02% | 2.05% | 2.05% | 2.17% | 1.87% |
| ▁▁▂█▇▄▅▂ | NPA / Assets (%) | 0.01% | 0.02% | 0.04% | 0.24% | 0.20% | 0.10% | 0.13% | 0.06% |
| ▁▁▂█▇▄▅▂ | Net Charge-Off Ratio (%) | 0.01% | 0.02% | 0.05% | 0.29% | 0.25% | 0.14% | 0.16% | 0.07% |
| ▁▃▄▂▄▆█▇ | Tang. Book Value ($M) | $67 | $69 | $71 | $69 | $71 | $74 | $78 | $76 |
| ▁▂▇▆▄▅██ | Gross Loans ($M) | $465 | $469 | $488 | $484 | $478 | $481 | $493 | $490 |
| ▁▃▂▃▄█▆▆ | Total Deposits ($M) | $482 | $500 | $492 | $499 | $512 | $545 | $524 | $529 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 9% |
| Agricultural | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |