Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.67% | +0.61 | 2.06% |
| Return on Equity (%) | ▲ | 17.95% | +2.22 | 15.73% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.43 | 3.77% |
| Efficiency Ratio (%) | ▲ | 48.48% | -8.40 | 56.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.40 | $1 |
| Cost of Funds (%) | ▲ | 1.14% | -0.16 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $249 | -4.87 | $254 |
| Gross Loans ($M) | ▼ | $142 | -4.43 | $146 |
| Loan Growth YoY (%) | ▲ | 67.75% | +0.70 | 67.06% |
| Total Deposits ($M) | ▼ | $206 | -8.68 | $215 |
| Shareholders Equity ($M) | ▲ | $38 | +4.32 | $34 |
| Tang. Book Value ($M) | ▲ | $38 | +4.32 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.65 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 67.75% | +0.70 | 67.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.71% | 0.02% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.48% | +2.98 | 22.50% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▁▁▁▃▅▇█ | Net Interest Margin (%) | 3.95% | 3.77% | 3.74% | 3.77% | 3.86% | 3.98% | 4.11% | 4.21% |
| ▃▁▅▁▂▃██ | Return on Assets (%) | 2.26% | 2.05% | 2.42% | 2.06% | 2.14% | 2.27% | 2.64% | 2.67% |
| ▁▅▂██▇▄▁ | Efficiency Ratio (%) | 49.5% | 53.2% | 50.5% | 56.9% | 56.9% | 55.6% | 51.7% | 48.5% |
| ▇█▆▅▅▃▂▁ | Cost of Funds (%) | 1.37% | 1.41% | 1.33% | 1.30% | 1.29% | 1.23% | 1.18% | 1.14% |
| ▃▂▁▁▇█▁▁ | NPA / Assets (%) | 0.21% | 0.13% | 0.03% | 0.02% | 0.65% | 0.77% | 0.04% | 0.04% |
| █▅▁▁▂█▁▁ | Net Charge-Off Ratio (%) | 0.35% | 0.21% | 0.05% | 0.04% | 0.08% | 0.32% | 0.07% | 0.07% |
| ▁▂▂▃▅▇██ | Tang. Book Value ($M) | $31 | $33 | $32 | $34 | $35 | $37 | $38 | $38 |
| ▅▆█▄▆▆▅▁ | Gross Loans ($M) | $147 | $148 | $151 | $146 | $149 | $148 | $147 | $142 |
| ▂▁▇▇▅▇█▃ | Total Deposits ($M) | $203 | $201 | $214 | $215 | $210 | $214 | $218 | $206 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 16% |
| Agricultural | 32% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 8% |