Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.06 | 1.65% |
| Return on Equity (%) | ▼ | 17.51% | -4.51 | 22.02% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.15 | 4.15% |
| Efficiency Ratio (%) | ▲ | 65.42% | -0.18 | 65.59% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 0.32% | -0.05 | 0.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $138 | +7.66 | $130 |
| Gross Loans ($M) | ▲ | $50 | +2.03 | $48 |
| Loan Growth YoY (%) | ▼ | 40.31% | -0.14 | 40.44% |
| Total Deposits ($M) | ▲ | $123 | +5.38 | $117 |
| Shareholders Equity ($M) | ▲ | $14 | +2.76 | $11 |
| Tang. Book Value ($M) | ▲ | $14 | +2.76 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +3.00 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 40.31% | -0.14 | 40.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.04% | -0.01% | 1.04% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.82% | +2.13 | 28.69% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇█▇█ | Net Interest Margin (%) | 3.88% | 3.90% | 3.95% | 4.15% | 4.20% | 4.25% | 4.24% | 4.30% |
| ▁▁▂▄███▅ | Return on Assets (%) | 1.48% | 1.52% | 1.55% | 1.65% | 1.91% | 1.93% | 1.92% | 1.72% |
| ██▇▇▁▁▂▇ | Efficiency Ratio (%) | 66.6% | 66.3% | 65.7% | 65.6% | 59.9% | 60.2% | 60.8% | 65.4% |
| ▄▅▆█▄▃▁▁ | Cost of Funds (%) | 0.35% | 0.35% | 0.36% | 0.38% | 0.35% | 0.34% | 0.33% | 0.32% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▁▄▅▇██ | Tang. Book Value ($M) | $9 | $11 | $9 | $11 | $11 | $13 | $13 | $14 |
| ▁▁▅▆▇▆██ | Gross Loans ($M) | $44 | $44 | $47 | $48 | $49 | $48 | $49 | $50 |
| ▅▇█▁▂▄▇█ | Total Deposits ($M) | $120 | $122 | $122 | $117 | $118 | $120 | $122 | $123 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 5% |
| Agricultural | 7% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 1% |