Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.13% | +0.30 | 1.82% |
| Return on Equity (%) | ▲ | 21.57% | +1.01 | 20.56% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.19 | 3.91% |
| Efficiency Ratio (%) | ▲ | 49.72% | -4.53 | 54.25% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $2 |
| Cost of Funds (%) | ▲ | 1.79% | -0.05 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $352 | +22.92 | $329 |
| Gross Loans ($M) | ▲ | $242 | +9.67 | $233 |
| Loan Growth YoY (%) | ▼ | 87.02% | -0.92 | 87.94% |
| Total Deposits ($M) | ▲ | $275 | +13.68 | $262 |
| Shareholders Equity ($M) | ▲ | $34 | +5.20 | $29 |
| Tang. Book Value ($M) | ▲ | $34 | +5.20 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +5.45 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 87.02% | -0.92 | 87.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.05 | 0.09% |
| Allowance / Loans (%) | — | 1.19% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.10 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▂████ | Net Interest Margin (%) | 3.86% | 3.91% | 3.91% | 3.91% | 4.10% | 4.12% | 4.12% | 4.10% |
| ▁▂▂▂▇▇▇█ | Return on Assets (%) | 1.75% | 1.84% | 1.82% | 1.82% | 2.04% | 2.03% | 2.05% | 2.13% |
| █▆▇▇▃▄▃▁ | Efficiency Ratio (%) | 55.3% | 53.9% | 54.5% | 54.3% | 51.2% | 52.0% | 51.5% | 49.7% |
| ▁▄█▃▄▅▄▂ | Cost of Funds (%) | 1.71% | 1.85% | 2.06% | 1.84% | 1.86% | 1.90% | 1.85% | 1.79% |
| ▁▃▃▄▃▄█▁ | NPA / Assets (%) | 0.05% | 0.08% | 0.07% | 0.09% | 0.07% | 0.09% | 0.15% | 0.04% |
| ▂▅▅▆▄▃█▁ | Net Charge-Off Ratio (%) | 0.04% | 0.11% | 0.10% | 0.12% | 0.10% | 0.08% | 0.18% | 0.02% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $27 | $29 | $28 | $29 | $30 | $33 | $34 | $34 |
| ▁▄▄▄▆▆██ | Gross Loans ($M) | $224 | $232 | $232 | $233 | $237 | $237 | $242 | $242 |
| ▁▁▄▆▅▅██ | Total Deposits ($M) | $241 | $238 | $252 | $262 | $259 | $261 | $272 | $275 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 12% |
| Agricultural | 17% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 13% |