Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.47% | +0.65 | 1.81% |
| Return on Equity (%) | ▲ | 11.05% | +2.50 | 8.55% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.09 | 3.53% |
| Efficiency Ratio (%) | ▲ | 45.22% | -0.15 | 45.37% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 0.71% | +0.10 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $200 | +0.61 | $199 |
| Gross Loans ($M) | ▲ | $20 | +0.07 | $20 |
| Loan Growth YoY (%) | ▲ | 12.90% | +0.35 | 12.55% |
| Total Deposits ($M) | ▼ | $152 | -3.06 | $155 |
| Shareholders Equity ($M) | ▲ | $45 | +3.27 | $42 |
| Tang. Book Value ($M) | ▲ | $45 | +3.27 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +3.46 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 12.90% | +0.35 | 12.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Allowance / Loans (%) | — | 3.11% | -0.41% | 3.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.10 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 152.49% | +13.46 | 139.03% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅█▇▇▆ | Net Interest Margin (%) | 3.29% | 3.32% | 3.34% | 3.53% | 3.75% | 3.69% | 3.67% | 3.62% |
| ▄▃▁▃▄▃▁█ | Return on Assets (%) | 1.96% | 1.85% | 1.59% | 1.81% | 1.98% | 1.88% | 1.68% | 2.47% |
| ▄▄█▂▁▁▆▂ | Efficiency Ratio (%) | 47.6% | 47.1% | 52.6% | 45.4% | 43.4% | 43.9% | 49.6% | 45.2% |
| ▃▆▅▂▂▁██ | Cost of Funds (%) | 0.63% | 0.67% | 0.66% | 0.61% | 0.61% | 0.59% | 0.70% | 0.71% |
| ▃█▇▃▁█▄▄ | NPA / Assets (%) | 0.01% | 0.04% | 0.04% | 0.01% | 0.00% | 0.04% | 0.02% | 0.02% |
| ▃█▆▃▁█▄▄ | Net Charge-Off Ratio (%) | 0.14% | 0.39% | 0.32% | 0.12% | 0.01% | 0.43% | 0.21% | 0.22% |
| ▁▄▂▄▆█▇█ | Tang. Book Value ($M) | $40 | $42 | $41 | $42 | $43 | $45 | $45 | $45 |
| ▁▁█▁▄▇▆▁ | Gross Loans ($M) | $20 | $20 | $22 | $20 | $21 | $22 | $22 | $20 |
| ▆▁▂▅▃█▅▄ | Total Deposits ($M) | $157 | $144 | $148 | $155 | $151 | $165 | $157 | $152 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 8% |
| Agricultural | 36% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 2% |