Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.42 | 0.76% |
| Return on Equity (%) | ▲ | 13.60% | +5.18 | 8.42% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.36 | 4.29% |
| Efficiency Ratio (%) | ▼ | 88.33% | +0.42 | 87.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.76 | $1 |
| Cost of Funds (%) | ▲ | 2.26% | -0.14 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $347 | +38.41 | $308 |
| Gross Loans ($M) | ▲ | $309 | +37.38 | $271 |
| Loan Growth YoY (%) | ▲ | 103.06% | +4.30 | 98.77% |
| Total Deposits ($M) | ▲ | $297 | +24.69 | $273 |
| Shareholders Equity ($M) | ▲ | $30 | +2.35 | $28 |
| Tang. Book Value ($M) | ▲ | $28 | +2.72 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 103.06% | +4.30 | 98.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.29% | +0.62 | 0.67% |
| Allowance / Loans (%) | — | 0.66% | -0.01% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.95 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.81% | -0.08 | 9.89% |
Noninterest income ($10.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▅▆▆█ | Net Interest Margin (%) | 3.63% | 3.86% | 3.95% | 4.29% | 4.25% | 4.35% | 4.37% | 4.65% |
| ▁▄▅▅▇▇▆█ | Return on Assets (%) | 0.29% | 0.69% | 0.79% | 0.76% | 0.96% | 1.01% | 0.94% | 1.17% |
| █▁▁▅▆▆█▆ | Efficiency Ratio (%) | 90.5% | 84.3% | 83.9% | 87.9% | 88.2% | 88.8% | 89.9% | 88.3% |
| ▇▅█▃▁▄▁▁ | Cost of Funds (%) | 2.70% | 2.58% | 2.79% | 2.40% | 2.31% | 2.47% | 2.30% | 2.26% |
| ▇▁▂▃▂▂▄█ | NPA / Assets (%) | 1.07% | 0.40% | 0.59% | 0.67% | 0.58% | 0.62% | 0.78% | 1.29% |
| ▇▁▂▂▂▃▄█ | Net Charge-Off Ratio (%) | 1.23% | 0.19% | 0.41% | 0.49% | 0.42% | 0.52% | 0.71% | 1.45% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $23 | $24 | $24 | $25 | $26 | $27 | $27 | $28 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $255 | $261 | $267 | $271 | $287 | $299 | $311 | $309 |
| ▁▁▁▄▄███ | Total Deposits ($M) | $252 | $256 | $255 | $273 | $273 | $296 | $292 | $297 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 18% |