Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.32 | 0.77% |
| Return on Equity (%) | ▼ | 16.11% | -2.33 | 18.44% |
| Net Interest Margin (%) | ▲ | 2.47% | +0.32 | 2.15% |
| Efficiency Ratio (%) | ▲ | 67.85% | -7.03 | 74.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 1.34% | -0.21 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $226 | +11.83 | $214 |
| Gross Loans ($M) | ▲ | $64 | +4.11 | $60 |
| Loan Growth YoY (%) | ▲ | 30.59% | +1.00 | 29.59% |
| Total Deposits ($M) | ▲ | $209 | +6.79 | $202 |
| Shareholders Equity ($M) | ▲ | $15 | +4.90 | $11 |
| Tang. Book Value ($M) | ▲ | $15 | +4.90 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +4.87 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 30.59% | +1.00 | 29.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.02% | -0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.78% | -0.51 | 32.30% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 1.88% | 1.88% | 1.93% | 2.15% | 2.17% | 2.20% | 2.25% | 2.47% |
| ▁▁▃▄▅▆▇█ | Return on Assets (%) | 0.50% | 0.56% | 0.65% | 0.77% | 0.86% | 0.89% | 0.97% | 1.09% |
| ██▆▅▄▃▂▁ | Efficiency Ratio (%) | 79.8% | 78.4% | 76.1% | 74.9% | 72.8% | 72.0% | 69.9% | 67.9% |
| ▇███▅▃▁▂ | Cost of Funds (%) | 1.53% | 1.56% | 1.53% | 1.55% | 1.43% | 1.39% | 1.29% | 1.34% |
| █▃▂▁▁▁▂▂ | NPA / Assets (%) | 0.04% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| █▃▂▁▁▁▂▂ | Net Charge-Off Ratio (%) | 0.13% | 0.04% | 0.03% | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% |
| ▁▅▁▄▆▇██ | Tang. Book Value ($M) | $7 | $12 | $7 | $11 | $13 | $14 | $16 | $15 |
| ▁▄▁▁▄██▇ | Gross Loans ($M) | $60 | $62 | $61 | $60 | $62 | $65 | $66 | $64 |
| ▃▄▆▂▁▁█▅ | Total Deposits ($M) | $203 | $205 | $210 | $202 | $199 | $197 | $216 | $209 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 23% |
| Agricultural | 5% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 8% |