Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.50 | 1.17% |
| Return on Equity (%) | ▲ | 14.86% | +3.27 | 11.59% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.29 | 4.36% |
| Efficiency Ratio (%) | ▲ | 70.17% | -8.54 | 78.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.35% | -0.04 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $174 | +13.07 | $161 |
| Gross Loans ($M) | ▲ | $97 | +8.80 | $88 |
| Loan Growth YoY (%) | ▲ | 62.56% | +1.69 | 60.87% |
| Total Deposits ($M) | ▲ | $153 | +10.00 | $143 |
| Shareholders Equity ($M) | ▲ | $19 | +2.91 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.95 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +3.17 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 62.56% | +1.69 | 60.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.22% | -0.10 | 1.32% |
| Allowance / Loans (%) | — | 1.05% | 0.03% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 1.09% | -0.13 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆███ | Net Interest Margin (%) | 4.12% | 4.19% | 4.23% | 4.36% | 4.52% | 4.62% | 4.67% | 4.65% |
| ▁▂▄▅▅▅▆█ | Return on Assets (%) | 0.46% | 0.74% | 0.99% | 1.17% | 1.12% | 1.15% | 1.34% | 1.67% |
| █▇▅▄▄▄▂▁ | Efficiency Ratio (%) | 89.0% | 84.9% | 81.2% | 78.7% | 78.5% | 77.7% | 74.9% | 70.2% |
| ▇▇█▃▂▁▁▂ | Cost of Funds (%) | 1.52% | 1.52% | 1.55% | 1.39% | 1.36% | 1.31% | 1.34% | 1.35% |
| ▁▁█▆█▂▃▄ | NPA / Assets (%) | 1.01% | 1.00% | 1.47% | 1.32% | 1.49% | 1.10% | 1.18% | 1.22% |
| ▁▁█▆█▂▃▅ | Net Charge-Off Ratio (%) | 0.69% | 0.74% | 1.46% | 1.22% | 1.47% | 0.83% | 0.91% | 1.09% |
| ▁▃▂▄▄▆▇█ | Tang. Book Value ($M) | $14 | $16 | $15 | $16 | $16 | $18 | $18 | $19 |
| ▁▁▂▂▃▅▇█ | Gross Loans ($M) | $86 | $87 | $88 | $88 | $89 | $92 | $94 | $97 |
| ▁▃▃▄▅▅▇█ | Total Deposits ($M) | $134 | $139 | $140 | $143 | $144 | $146 | $149 | $153 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |