Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.43% | +0.15 | 0.27% |
| Return on Equity (%) | ▲ | 4.67% | +1.86 | 2.81% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.49 | 2.19% |
| Efficiency Ratio (%) | ▲ | 82.67% | -4.41 | 87.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 2.33% | -0.33 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $717 | -16.35 | $733 |
| Gross Loans ($M) | ▼ | $590 | -21.61 | $612 |
| Loan Growth YoY (%) | ▲ | 99.17% | +2.30 | 96.88% |
| Total Deposits ($M) | ▼ | $588 | -36.32 | $624 |
| Shareholders Equity ($M) | ▼ | $66 | -5.57 | $72 |
| Tang. Book Value ($M) | ▼ | $64 | -5.64 | $70 |
| TBV excl. AOCI ($M)** | ▼ | $68 | -5.40 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 99.17% | +2.30 | 96.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.04% | 0.00 | 0.04% |
| Allowance / Loans (%) | — | 1.27% | 0.06% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.00 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.64% | -0.80 | 12.44% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.12% | 2.08% | 2.08% | 2.19% | 2.31% | 2.42% | 2.50% | 2.68% |
| ▂▁▁▁▄▇█▆ | Return on Assets (%) | 0.32% | 0.27% | 0.30% | 0.27% | 0.36% | 0.44% | 0.49% | 0.43% |
| ▇██▇▅▂▁▃ | Efficiency Ratio (%) | 87.3% | 88.6% | 88.4% | 87.1% | 84.0% | 81.1% | 79.3% | 82.7% |
| ▇██▅▃▁▁▁ | Cost of Funds (%) | 2.81% | 2.93% | 2.87% | 2.66% | 2.47% | 2.31% | 2.28% | 2.33% |
| ▁▁▁█▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.04% | 0.04% |
| ▁▁▁█▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.05% | 0.05% |
| █▇█▇▆█▁▁ | Tang. Book Value ($M) | $70 | $69 | $71 | $70 | $69 | $70 | $65 | $64 |
| ██▅▄▃▄▁▁ | Gross Loans ($M) | $646 | $648 | $624 | $612 | $609 | $612 | $588 | $590 |
| ▁██▅▄▃▃▁ | Total Deposits ($M) | $583 | $646 | $653 | $624 | $613 | $604 | $608 | $588 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |