Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.37 | 1.06% |
| Return on Equity (%) | ▲ | 16.10% | +4.17 | 11.93% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.26 | 3.71% |
| Efficiency Ratio (%) | ▲ | 67.57% | -5.94 | 73.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.14 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $215 | +11.84 | $203 |
| Gross Loans ($M) | ▼ | $137 | -2.32 | $139 |
| Loan Growth YoY (%) | ▼ | 74.15% | -2.51 | 76.66% |
| Total Deposits ($M) | ▲ | $183 | +2.65 | $180 |
| Shareholders Equity ($M) | ▲ | $19 | +0.80 | $19 |
| Tang. Book Value ($M) | ▲ | $19 | +0.81 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +0.87 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 74.15% | -2.51 | 76.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.11 | 0.12% |
| Allowance / Loans (%) | — | 1.04% | 0.20% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.16 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.19% | +0.85 | 14.34% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▇▇█ | Net Interest Margin (%) | 3.63% | 3.64% | 3.60% | 3.71% | 3.84% | 3.89% | 3.91% | 3.97% |
| ▂▂▁▃▄▄▃█ | Return on Assets (%) | 1.02% | 1.00% | 0.89% | 1.06% | 1.11% | 1.10% | 1.06% | 1.43% |
| ▆▆█▆▆▆▇▁ | Efficiency Ratio (%) | 73.4% | 74.0% | 76.1% | 73.5% | 73.3% | 73.4% | 74.5% | 67.6% |
| ██▅▄▄▂▃▁ | Cost of Funds (%) | 1.54% | 1.55% | 1.43% | 1.39% | 1.40% | 1.31% | 1.32% | 1.25% |
| ▅▄▃▄▄▄█▁ | NPA / Assets (%) | 0.16% | 0.12% | 0.07% | 0.12% | 0.13% | 0.10% | 0.24% | 0.01% |
| ▅▄▂▄▄▄█▁ | Net Charge-Off Ratio (%) | 0.23% | 0.17% | 0.10% | 0.18% | 0.19% | 0.15% | 0.37% | 0.02% |
| ▁▄▁▄▅▇▆█ | Tang. Book Value ($M) | $18 | $18 | $18 | $18 | $19 | $19 | $19 | $19 |
| ▄▅▅▃▂▄█▁ | Gross Loans ($M) | $141 | $142 | $142 | $139 | $138 | $141 | $145 | $137 |
| ▇██▄▃▁▁▇ | Total Deposits ($M) | $183 | $184 | $185 | $180 | $179 | $177 | $176 | $183 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Agricultural | 5% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |