Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.24 | 0.62% |
| Return on Equity (%) | ▲ | 8.47% | +1.38 | 7.09% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.41 | 2.73% |
| Efficiency Ratio (%) | ▲ | 80.51% | -5.59 | 86.09% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 0.90% | -0.18 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $355 | -14.87 | $370 |
| Gross Loans ($M) | ▲ | $137 | +6.76 | $130 |
| Loan Growth YoY (%) | ▲ | 42.70% | +4.35 | 38.35% |
| Total Deposits ($M) | ▼ | $316 | -18.31 | $334 |
| Shareholders Equity ($M) | ▲ | $36 | +3.70 | $32 |
| Tang. Book Value ($M) | ▲ | $36 | +3.70 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +2.47 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 42.70% | +4.35 | 38.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.10 | 0.12% |
| Allowance / Loans (%) | — | 1.56% | -0.03% | 1.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.23 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.80% | +0.51 | 17.28% |
Noninterest income ($2.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▄▅█ | Net Interest Margin (%) | 2.53% | 2.54% | 2.60% | 2.73% | 2.84% | 2.83% | 2.89% | 3.14% |
| █▇▄▂▂▁▁▇ | Return on Assets (%) | 0.96% | 0.89% | 0.72% | 0.62% | 0.64% | 0.58% | 0.55% | 0.86% |
| ▁▃▅█▇██▃ | Efficiency Ratio (%) | 77.6% | 80.1% | 83.1% | 86.1% | 85.4% | 86.5% | 86.9% | 80.5% |
| ▇██▄▆▆▅▁ | Cost of Funds (%) | 1.26% | 1.32% | 1.29% | 1.08% | 1.17% | 1.19% | 1.16% | 0.90% |
| ▃▂▂▄▄▁██ | NPA / Assets (%) | 0.09% | 0.07% | 0.07% | 0.12% | 0.12% | 0.04% | 0.20% | 0.22% |
| ▃▂▂▄▄▁██ | Net Charge-Off Ratio (%) | 0.27% | 0.22% | 0.21% | 0.34% | 0.32% | 0.12% | 0.55% | 0.57% |
| ▁▆▁▃▃▇██ | Tang. Book Value ($M) | $30 | $35 | $31 | $32 | $33 | $35 | $37 | $36 |
| ▁▁▁▅█▇▇█ | Gross Loans ($M) | $119 | $118 | $120 | $130 | $138 | $135 | $134 | $137 |
| ▆▂▁▇██▃▁ | Total Deposits ($M) | $329 | $319 | $317 | $334 | $337 | $335 | $322 | $316 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 10% |