Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.58 | 0.81% |
| Return on Equity (%) | ▲ | 16.82% | +5.80 | 11.02% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.48 | 3.43% |
| Efficiency Ratio (%) | ▲ | 63.74% | -14.64 | 78.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 1.16% | -0.23 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $308 | +20.85 | $288 |
| Gross Loans ($M) | ▲ | $150 | +23.77 | $126 |
| Loan Growth YoY (%) | ▲ | 52.60% | +5.40 | 47.20% |
| Total Deposits ($M) | ▲ | $282 | +17.40 | $264 |
| Shareholders Equity ($M) | ▲ | $25 | +2.98 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +2.98 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.21 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 52.60% | +5.40 | 47.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.01 | 0.11% |
| Allowance / Loans (%) | — | 1.00% | 0.09% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.01 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▅▆█ | Net Interest Margin (%) | 2.94% | 3.01% | 3.12% | 3.43% | 3.47% | 3.51% | 3.58% | 3.91% |
| ▁▁▃▂▂▂▄█ | Return on Assets (%) | 0.71% | 0.72% | 0.89% | 0.81% | 0.86% | 0.85% | 1.04% | 1.39% |
| ▅▆▅██▇▄▁ | Efficiency Ratio (%) | 71.8% | 74.1% | 71.3% | 78.4% | 77.1% | 75.9% | 70.3% | 63.7% |
| ██▅▄▄▃▂▁ | Cost of Funds (%) | 1.71% | 1.66% | 1.48% | 1.38% | 1.42% | 1.36% | 1.27% | 1.16% |
| ▁▃▄▄▁█▆▄ | NPA / Assets (%) | 0.08% | 0.10% | 0.12% | 0.11% | 0.07% | 0.17% | 0.15% | 0.12% |
| ▁▃▅▄▁█▆▄ | Net Charge-Off Ratio (%) | 0.17% | 0.23% | 0.28% | 0.26% | 0.16% | 0.37% | 0.31% | 0.25% |
| ▁▅▂▃▂▆█▇ | Tang. Book Value ($M) | $20 | $23 | $21 | $22 | $21 | $24 | $25 | $25 |
| ▁▂▁▁▁▄▆█ | Gross Loans ($M) | $127 | $129 | $126 | $126 | $127 | $136 | $143 | $150 |
| ▁▁▁▁▁▂▃█ | Total Deposits ($M) | $265 | $264 | $265 | $264 | $263 | $266 | $270 | $282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 12% |
| Agricultural | 16% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 13% |