Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.59 | 1.10% |
| Return on Equity (%) | ▲ | 8.38% | +3.14 | 5.24% |
| Net Interest Margin (%) | ▼ | 3.51% | -0.33 | 3.84% |
| Efficiency Ratio (%) | ▲ | 54.54% | -6.68 | 61.23% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▲ | 2.18% | -0.14 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $195 | +22.78 | $172 |
| Gross Loans ($M) | ▲ | $121 | +8.78 | $112 |
| Loan Growth YoY (%) | ▼ | 77.37% | -5.98 | 83.35% |
| Total Deposits ($M) | ▲ | $154 | +21.59 | $133 |
| Shareholders Equity ($M) | ▲ | $39 | +1.15 | $38 |
| Tang. Book Value ($M) | ▲ | $39 | +1.15 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +0.90 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 77.37% | -5.98 | 83.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.06 | 0.29% |
| Allowance / Loans (%) | — | 1.10% | -0.09% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.08 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▂██▇▄▂ | Net Interest Margin (%) | 3.40% | 3.62% | 3.51% | 3.84% | 3.80% | 3.76% | 3.61% | 3.51% |
| ▁▁▂▂▂▂▂█ | Return on Assets (%) | 0.92% | 0.99% | 1.08% | 1.10% | 1.09% | 1.08% | 1.05% | 1.69% |
| ██▇▆▇▇█▁ | Efficiency Ratio (%) | 63.6% | 63.2% | 62.4% | 61.2% | 61.8% | 61.9% | 63.6% | 54.5% |
| ▆█▃▅▂█▄▁ | Cost of Funds (%) | 2.34% | 2.42% | 2.25% | 2.32% | 2.23% | 2.40% | 2.28% | 2.18% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 2.44% | 0.33% | 0.28% | 0.29% | 0.28% | 0.29% | 0.25% | 0.23% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 3.93% | 0.50% | 0.48% | 0.45% | 0.42% | 0.43% | 0.41% | 0.38% |
| ▁▄▄▃▄▇█▇ | Tang. Book Value ($M) | $37 | $38 | $38 | $38 | $38 | $39 | $40 | $39 |
| ▁▂▂▂█▇▆▇ | Gross Loans ($M) | $110 | $113 | $112 | $112 | $122 | $121 | $119 | $121 |
| ▃▁▇▁▄▃██ | Total Deposits ($M) | $139 | $133 | $151 | $133 | $142 | $139 | $155 | $154 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 6% |
| Agricultural | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 18% |