Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.00 | 1.02% |
| Return on Equity (%) | ▼ | 14.75% | -2.40 | 17.15% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.02 | 3.49% |
| Efficiency Ratio (%) | ▼ | 65.20% | +0.60 | 64.61% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.26% | -0.03 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $346 | +14.21 | $332 |
| Gross Loans ($M) | ▲ | $172 | +9.53 | $162 |
| Loan Growth YoY (%) | ▲ | 53.08% | +1.21 | 51.87% |
| Total Deposits ($M) | ▲ | $319 | +11.00 | $308 |
| Shareholders Equity ($M) | ▲ | $24 | +3.40 | $20 |
| Tang. Book Value ($M) | ▲ | $24 | +3.40 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.43 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 53.08% | +1.21 | 51.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.05 | 0.10% |
| Allowance / Loans (%) | — | 1.31% | -0.09% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃█▇▇▄ | Net Interest Margin (%) | 3.45% | 3.44% | 3.46% | 3.49% | 3.58% | 3.56% | 3.55% | 3.51% |
| ▅▂▁▇▇█▅▇ | Return on Assets (%) | 0.99% | 0.93% | 0.91% | 1.02% | 1.02% | 1.04% | 0.99% | 1.02% |
| ▅▇█▁▂▁▂▂ | Efficiency Ratio (%) | 67.5% | 68.6% | 69.6% | 64.6% | 65.4% | 64.6% | 65.3% | 65.2% |
| ▅▆▄▂▃█▄▁ | Cost of Funds (%) | 1.34% | 1.35% | 1.32% | 1.29% | 1.30% | 1.40% | 1.32% | 1.26% |
| ▁▁▃▃▅█▆▄ | NPA / Assets (%) | 0.02% | 0.04% | 0.10% | 0.10% | 0.19% | 0.32% | 0.21% | 0.15% |
| ▁▁▃▃▄█▅▄ | Net Charge-Off Ratio (%) | 0.03% | 0.07% | 0.21% | 0.20% | 0.26% | 0.51% | 0.32% | 0.21% |
| ▁▄▁▃▄███ | Tang. Book Value ($M) | $18 | $21 | $19 | $20 | $21 | $24 | $23 | $24 |
| ▃▂▁▁▇█▆█ | Gross Loans ($M) | $166 | $164 | $162 | $162 | $170 | $172 | $169 | $172 |
| ▂▁▃▅▃▄▆█ | Total Deposits ($M) | $297 | $293 | $301 | $308 | $302 | $304 | $311 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 28% |
| Agricultural | 3% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 13% |