Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.82% | +0.62 | 2.20% |
| Return on Equity (%) | ▲ | 20.13% | +6.69 | 13.44% |
| Net Interest Margin (%) | ▼ | 5.12% | -0.35 | 5.47% |
| Efficiency Ratio (%) | ▲ | 46.56% | -4.92 | 51.48% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 0.89% | -0.08 | 0.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $215 | +12.92 | $202 |
| Gross Loans ($M) | ▼ | $100 | -2.46 | $102 |
| Loan Growth YoY (%) | ▼ | 52.38% | -6.99 | 59.37% |
| Total Deposits ($M) | ▲ | $184 | +16.98 | $167 |
| Shareholders Equity ($M) | ▼ | $30 | -4.00 | $34 |
| Tang. Book Value ($M) | ▼ | $30 | -4.00 | $34 |
| TBV excl. AOCI ($M)** | ▼ | $33 | -2.73 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 52.38% | -6.99 | 59.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.94% | 0.41% | 2.53% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▄▄▄▁ | Net Interest Margin (%) | 6.06% | 5.96% | 5.95% | 5.47% | 5.55% | 5.55% | 5.52% | 5.12% |
| ▇▆▇▁▄▁▁█ | Return on Assets (%) | 2.72% | 2.63% | 2.70% | 2.20% | 2.43% | 2.15% | 2.18% | 2.82% |
| ▂▁▁██▇▇▁ | Efficiency Ratio (%) | 47.4% | 46.6% | 46.3% | 51.5% | 51.1% | 50.8% | 50.7% | 46.6% |
| ▁▆█▇▇█▇▄ | Cost of Funds (%) | 0.80% | 0.94% | 1.02% | 0.97% | 0.99% | 1.01% | 0.98% | 0.89% |
| █▇▁▁▁▁▁▁ | NPA / Assets (%) | 0.27% | 0.23% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% |
| ▂▄▆▇█▁▁▂ | Tang. Book Value ($M) | $30 | $31 | $32 | $34 | $35 | $28 | $29 | $30 |
| ▇▂▃█▇▁▁▆ | Gross Loans ($M) | $100 | $96 | $97 | $102 | $101 | $95 | $95 | $100 |
| ▁▅▂▂▂▅▃█ | Total Deposits ($M) | $165 | $176 | $168 | $167 | $168 | $175 | $172 | $184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 27% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 57% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 5% |