Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.29 | 1.20% |
| Return on Equity (%) | ▲ | 20.56% | +1.85 | 18.71% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.47 | 3.37% |
| Efficiency Ratio (%) | ▲ | 60.81% | -5.50 | 66.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.76% | -0.11 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $240 | +12.87 | $228 |
| Gross Loans ($M) | ▲ | $181 | +18.03 | $163 |
| Loan Growth YoY (%) | ▲ | 81.48% | +4.33 | 77.15% |
| Total Deposits ($M) | ▲ | $220 | +10.66 | $209 |
| Shareholders Equity ($M) | ▲ | $18 | +2.83 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +2.83 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.69 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 81.48% | +4.33 | 77.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.03 | 0.05% |
| Allowance / Loans (%) | — | 1.25% | 0.04% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▆▇█ | Net Interest Margin (%) | 3.23% | 3.25% | 3.33% | 3.37% | 3.56% | 3.64% | 3.72% | 3.84% |
| ▁▁▂▄▇███ | Return on Assets (%) | 1.03% | 1.02% | 1.10% | 1.20% | 1.37% | 1.43% | 1.45% | 1.48% |
| ██▇▅▂▂▂▁ | Efficiency Ratio (%) | 71.4% | 71.7% | 70.1% | 66.3% | 63.4% | 62.5% | 62.4% | 60.8% |
| ▆█▅▄▅▅▁▁ | Cost of Funds (%) | 1.92% | 2.00% | 1.88% | 1.87% | 1.89% | 1.88% | 1.78% | 1.76% |
| ▁▁▄▄█▇▃▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.05% | 0.05% | 0.10% | 0.08% | 0.04% | 0.02% |
| ▁▁▄▄█▇▃▁ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.07% | 0.07% | 0.13% | 0.11% | 0.05% | 0.02% |
| ▁▄▁▃▃▆██ | Tang. Book Value ($M) | $14 | $15 | $14 | $15 | $15 | $17 | $17 | $18 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $138 | $144 | $159 | $163 | $167 | $176 | $183 | $181 |
| ▁▁▃▆▅▅▇█ | Total Deposits ($M) | $187 | $184 | $194 | $209 | $203 | $204 | $214 | $220 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |