Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.16 | 0.64% |
| Return on Equity (%) | ▲ | 9.88% | +1.28 | 8.60% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.27 | 3.45% |
| Efficiency Ratio (%) | ▲ | 75.31% | -2.86 | 78.17% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▼ | 1.00% | +0.03 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $392 | +37.50 | $354 |
| Gross Loans ($M) | ▲ | $218 | +13.22 | $205 |
| Loan Growth YoY (%) | ▼ | 62.23% | -1.83 | 64.06% |
| Total Deposits ($M) | ▲ | $346 | +30.16 | $316 |
| Shareholders Equity ($M) | ▲ | $32 | +4.22 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +4.24 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +4.71 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 62.23% | -1.83 | 64.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.11 | 0.11% |
| Allowance / Loans (%) | — | 1.16% | 0.04% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.19 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.51% | -0.06 | 13.57% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇▇█ | Net Interest Margin (%) | 3.04% | 3.13% | 3.18% | 3.45% | 3.49% | 3.57% | 3.61% | 3.72% |
| ▁▁▁▅▅▆██ | Return on Assets (%) | 0.44% | 0.48% | 0.49% | 0.64% | 0.67% | 0.70% | 0.82% | 0.80% |
| ███▃▃▃▁▁ | Efficiency Ratio (%) | 85.4% | 84.8% | 84.6% | 78.2% | 77.8% | 77.1% | 74.2% | 75.3% |
| ▆▆▇▁▂█▃▃ | Cost of Funds (%) | 1.05% | 1.04% | 1.06% | 0.96% | 0.99% | 1.09% | 1.00% | 1.00% |
| ▁▄▄▇█▆▅▁ | NPA / Assets (%) | 0.00% | 0.05% | 0.06% | 0.11% | 0.14% | 0.10% | 0.07% | 0.01% |
| ▁▄▄█▆▄▆▁ | Net Charge-Off Ratio (%) | 0.00% | 0.10% | 0.10% | 0.20% | 0.15% | 0.09% | 0.13% | 0.01% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $22 | $26 | $24 | $26 | $27 | $29 | $30 | $30 |
| ▁▂▁▂▆▇██ | Gross Loans ($M) | $202 | $204 | $201 | $205 | $213 | $215 | $216 | $218 |
| ▂▃▁▃▅█▇█ | Total Deposits ($M) | $311 | $315 | $304 | $316 | $327 | $345 | $337 | $346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 3% |