Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.17 | 1.28% |
| Return on Equity (%) | ▲ | 16.21% | +1.95 | 14.26% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.32 | 4.29% |
| Efficiency Ratio (%) | ▲ | 62.24% | -0.10 | 62.34% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $2 |
| Cost of Funds (%) | ▲ | 1.71% | -0.07 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +33.19 | $377 |
| Gross Loans ($M) | ▲ | $352 | +25.87 | $326 |
| Loan Growth YoY (%) | ▼ | 94.75% | -0.84 | 95.59% |
| Total Deposits ($M) | ▲ | $368 | +29.88 | $338 |
| Shareholders Equity ($M) | ▲ | $37 | +3.09 | $34 |
| Tang. Book Value ($M) | ▲ | $37 | +3.11 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 94.75% | -0.84 | 95.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.06 | 0.60% |
| Allowance / Loans (%) | — | 1.16% | 0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.63% | -0.06 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.99% | -0.21 | 11.20% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▇██ | Net Interest Margin (%) | 4.07% | 4.16% | 4.23% | 4.29% | 4.39% | 4.48% | 4.54% | 4.60% |
| ▁▂▃▆▆███ | Return on Assets (%) | 0.95% | 1.03% | 1.11% | 1.28% | 1.32% | 1.40% | 1.45% | 1.45% |
| █▆▅▂▂▁▁▂ | Efficiency Ratio (%) | 69.4% | 67.3% | 66.2% | 62.3% | 62.7% | 62.0% | 61.1% | 62.2% |
| ▅██▃▇▆▂▁ | Cost of Funds (%) | 1.82% | 1.90% | 1.92% | 1.78% | 1.87% | 1.86% | 1.76% | 1.71% |
| ▁▁▁████▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.60% | 0.62% | 0.62% | 0.55% | 0.54% |
| ▁▁▁████▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.69% | 0.72% | 0.72% | 0.66% | 0.63% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $32 | $32 | $33 | $34 | $34 | $35 | $36 | $37 |
| ▁▂▃▄▆▆▆█ | Gross Loans ($M) | $303 | $311 | $317 | $326 | $335 | $337 | $340 | $352 |
| ▁▂▂▃▅▆██ | Total Deposits ($M) | $320 | $331 | $327 | $338 | $346 | $350 | $363 | $368 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |