Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.56 | 1.13% |
| Return on Equity (%) | ▲ | 19.66% | +5.04 | 14.62% |
| Net Interest Margin (%) | ▲ | 4.77% | +0.32 | 4.45% |
| Efficiency Ratio (%) | ▲ | 58.02% | -12.24 | 70.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.88% | -0.04 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $282 | +28.85 | $254 |
| Gross Loans ($M) | ▲ | $203 | +17.55 | $185 |
| Loan Growth YoY (%) | ▼ | 80.58% | -1.95 | 82.53% |
| Total Deposits ($M) | ▲ | $248 | +27.18 | $221 |
| Shareholders Equity ($M) | ▲ | $24 | +4.37 | $20 |
| Tang. Book Value ($M) | ▲ | $24 | +4.37 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +4.32 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 80.58% | -1.95 | 82.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.22 | 0.63% |
| Allowance / Loans (%) | — | 1.13% | -0.12% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.66 | 0.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.91% | +0.57 | 13.34% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 4.01% | 4.01% | 4.14% | 4.45% | 4.54% | 4.63% | 4.70% | 4.77% |
| ▁▁▂▂▂▄▅█ | Return on Assets (%) | 1.04% | 1.07% | 1.16% | 1.13% | 1.16% | 1.30% | 1.41% | 1.69% |
| █▇▆█▆▅▄▁ | Efficiency Ratio (%) | 69.8% | 68.5% | 67.2% | 70.3% | 66.3% | 64.7% | 63.5% | 58.0% |
| ▆█▅▁▁▃▃▁ | Cost of Funds (%) | 2.24% | 2.44% | 2.21% | 1.92% | 1.94% | 2.05% | 2.03% | 1.88% |
| ▁▃▅█▆▄▁▂ | NPA / Assets (%) | 0.36% | 0.45% | 0.52% | 0.63% | 0.52% | 0.48% | 0.34% | 0.41% |
| ▅▆▇█▇▂▁▂ | Net Charge-Off Ratio (%) | 0.50% | 0.67% | 0.74% | 0.87% | 0.71% | 0.28% | 0.08% | 0.20% |
| ▁▃▁▃▃▆▇█ | Tang. Book Value ($M) | $18 | $20 | $19 | $20 | $20 | $22 | $23 | $24 |
| ▄▁▁▃▆███ | Gross Loans ($M) | $189 | $175 | $173 | $185 | $193 | $202 | $205 | $203 |
| ▂▁▁▂▂▂▃█ | Total Deposits ($M) | $220 | $216 | $219 | $221 | $223 | $224 | $226 | $248 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 9% |
| Agricultural | 8% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |