Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.27 | 1.01% |
| Return on Equity (%) | ▲ | 12.96% | +1.57 | 11.39% |
| Net Interest Margin (%) | ▲ | 3.17% | +0.22 | 2.95% |
| Efficiency Ratio (%) | ▲ | 60.71% | -3.80 | 64.50% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.95% | -0.07 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $386 | +11.87 | $375 |
| Gross Loans ($M) | ▲ | $253 | +7.28 | $246 |
| Loan Growth YoY (%) | ▼ | 75.10% | -3.41 | 78.51% |
| Total Deposits ($M) | ▲ | $333 | +23.66 | $310 |
| Shareholders Equity ($M) | ▲ | $38 | +4.20 | $34 |
| Tang. Book Value ($M) | ▲ | $38 | +4.28 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.08 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 75.10% | -3.41 | 78.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.00 | 0.51% |
| Allowance / Loans (%) | — | 1.12% | 0.00% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.77% | -0.00 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▁▂▂▇▇██ | Net Interest Margin (%) | 3.06% | 2.90% | 2.94% | 2.95% | 3.12% | 3.12% | 3.14% | 3.17% |
| ▃▁▁▄▇▅▃█ | Return on Assets (%) | 0.94% | 0.76% | 0.74% | 1.01% | 1.19% | 1.05% | 0.94% | 1.28% |
| ▅▇█▄▂▄▅▁ | Efficiency Ratio (%) | 66.4% | 68.6% | 69.9% | 64.5% | 62.5% | 64.2% | 66.3% | 60.7% |
| ▁█▆▂▂▃▂▁ | Cost of Funds (%) | 1.97% | 2.30% | 2.21% | 2.02% | 2.04% | 2.05% | 2.00% | 1.95% |
| ▁█▅▅▅▅▆▅ | NPA / Assets (%) | 0.15% | 0.73% | 0.47% | 0.51% | 0.49% | 0.47% | 0.51% | 0.50% |
| ▁█▅▆▅▅▅▆ | Net Charge-Off Ratio (%) | 0.23% | 1.08% | 0.69% | 0.77% | 0.73% | 0.69% | 0.74% | 0.77% |
| ▁▄▁▂▅▇██ | Tang. Book Value ($M) | $33 | $35 | $33 | $34 | $36 | $38 | $39 | $38 |
| ▁▄▅▁▃▃█▃ | Gross Loans ($M) | $248 | $258 | $262 | $246 | $255 | $256 | $272 | $253 |
| ▁▁▂▃▃▃██ | Total Deposits ($M) | $298 | $302 | $305 | $310 | $310 | $307 | $330 | $333 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 12% |
| Agricultural | 33% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |