Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.35 | 1.24% |
| Return on Equity (%) | ▲ | 19.78% | +3.76 | 16.02% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.36 | 3.28% |
| Efficiency Ratio (%) | ▲ | 61.47% | -6.72 | 68.18% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $1 |
| Cost of Funds (%) | ▲ | 1.67% | -0.06 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $393 | +42.15 | $351 |
| Gross Loans ($M) | ▲ | $266 | +42.86 | $223 |
| Loan Growth YoY (%) | ▲ | 76.60% | +4.28 | 72.32% |
| Total Deposits ($M) | ▲ | $343 | +38.82 | $305 |
| Shareholders Equity ($M) | ▲ | $31 | +3.23 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +3.27 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.10 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 76.60% | +4.28 | 72.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.01% | +0.23 | 0.78% |
| Allowance / Loans (%) | — | 0.96% | -0.14% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.50% | +0.27 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.00% | -1.44 | 13.44% |
Noninterest income ($0.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅███ | Net Interest Margin (%) | 2.91% | 2.94% | 3.03% | 3.28% | 3.31% | 3.63% | 3.63% | 3.64% |
| ▁▁▁▅▆▆▄█ | Return on Assets (%) | 0.88% | 0.82% | 0.79% | 1.24% | 1.37% | 1.36% | 1.14% | 1.58% |
| ▇██▄▃▃▆▁ | Efficiency Ratio (%) | 74.4% | 75.9% | 77.2% | 68.2% | 65.4% | 67.3% | 72.2% | 61.5% |
| ██▄▂▄▅▁▁ | Cost of Funds (%) | 1.93% | 1.94% | 1.80% | 1.73% | 1.78% | 1.81% | 1.70% | 1.67% |
| ▅▄▆▅▅▁█▇ | NPA / Assets (%) | 0.71% | 0.65% | 0.91% | 0.78% | 0.75% | 0.27% | 1.15% | 1.01% |
| ▅▄▆▅▅▁█▇ | Net Charge-Off Ratio (%) | 1.11% | 1.01% | 1.39% | 1.23% | 1.14% | 0.41% | 1.72% | 1.50% |
| ▁▃▂▄▆███ | Tang. Book Value ($M) | $25 | $27 | $26 | $27 | $29 | $31 | $31 | $31 |
| ▁▁▂▁▄▅▇█ | Gross Loans ($M) | $220 | $219 | $227 | $223 | $237 | $247 | $255 | $266 |
| ▁▁▂▂▄▅▇█ | Total Deposits ($M) | $297 | $293 | $302 | $305 | $314 | $322 | $331 | $343 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 17% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |