Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.51% | -0.11 | 1.62% |
| Return on Equity (%) | ▼ | 10.71% | -1.37 | 12.08% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.41 | 3.60% |
| Efficiency Ratio (%) | ▼ | 66.50% | +3.69 | 62.81% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.01 | $2 |
| Cost of Funds (%) | ▲ | 1.55% | -0.32 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $340 | +5.54 | $334 |
| Gross Loans ($M) | ▲ | $258 | +8.18 | $250 |
| Loan Growth YoY (%) | ▼ | 93.12% | -7.09 | 100.21% |
| Total Deposits ($M) | ▲ | $272 | +27.26 | $245 |
| Shareholders Equity ($M) | ▲ | $50 | +4.42 | $45 |
| Tang. Book Value ($M) | ▲ | $50 | +4.42 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +4.10 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 93.12% | -7.09 | 100.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.81% | 0.00% | 1.81% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.33% | +1.25 | 14.09% |
Noninterest income ($1.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.32% | 3.34% | 3.41% | 3.60% | 3.67% | 3.76% | 3.79% | 4.01% |
| ▁▁▂▆▇██▅ | Return on Assets (%) | 1.17% | 1.20% | 1.30% | 1.62% | 1.73% | 1.78% | 1.81% | 1.51% |
| ██▇▃▁▁▁▆ | Efficiency Ratio (%) | 70.3% | 70.1% | 68.6% | 62.8% | 60.8% | 60.4% | 59.8% | 66.5% |
| ██▆▄▅▆▂▁ | Cost of Funds (%) | 2.20% | 2.20% | 2.00% | 1.87% | 1.95% | 1.98% | 1.67% | 1.55% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▁▃▅▇▇█ | Tang. Book Value ($M) | $44 | $45 | $44 | $45 | $47 | $49 | $49 | $50 |
| ▁▃▄▇████ | Gross Loans ($M) | $204 | $219 | $229 | $250 | $252 | $256 | $258 | $258 |
| ▂▁▂▄█▆▆▆ | Total Deposits ($M) | $232 | $214 | $227 | $245 | $292 | $269 | $267 | $272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 2% |
| Agricultural | 1% |
| Other | 52% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 12% |