Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.70% | +0.32 | 2.39% |
| Return on Equity (%) | ▲ | 12.48% | +0.97 | 11.51% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.24 | 4.24% |
| Efficiency Ratio (%) | ▼ | 42.72% | +0.46 | 42.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.34% | -0.09 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +4.02 | $194 |
| Gross Loans ($M) | ▲ | $148 | +12.08 | $136 |
| Loan Growth YoY (%) | ▲ | 96.59% | +7.48 | 89.11% |
| Total Deposits ($M) | ▲ | $152 | +0.87 | $152 |
| Shareholders Equity ($M) | ▲ | $43 | +3.34 | $40 |
| Tang. Book Value ($M) | ▲ | $43 | +3.34 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +3.19 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 96.59% | +7.48 | 89.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.00 | 0.21% |
| Allowance / Loans (%) | — | 0.41% | -0.10% | 0.52% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.07 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▃▅▅▇ | Net Interest Margin (%) | 4.55% | 4.48% | 4.45% | 4.24% | 4.34% | 4.41% | 4.41% | 4.48% |
| █▆▁▁▃▄▁▇ | Return on Assets (%) | 2.77% | 2.66% | 2.38% | 2.39% | 2.48% | 2.56% | 2.37% | 2.70% |
| ▁▂█▅▃▄█▅ | Efficiency Ratio (%) | 37.9% | 39.5% | 45.9% | 42.3% | 40.3% | 41.6% | 45.7% | 42.7% |
| ▆█▆▃▄▅▅▁ | Cost of Funds (%) | 1.52% | 1.60% | 1.52% | 1.42% | 1.46% | 1.49% | 1.48% | 1.34% |
| ██▆█▂▁▁▇ | NPA / Assets (%) | 0.22% | 0.23% | 0.19% | 0.21% | 0.13% | 0.13% | 0.12% | 0.21% |
| ██▆█▂▁▁▅ | Net Charge-Off Ratio (%) | 0.31% | 0.32% | 0.27% | 0.30% | 0.18% | 0.17% | 0.16% | 0.24% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $38 | $39 | $39 | $40 | $40 | $42 | $43 | $43 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $126 | $127 | $131 | $136 | $138 | $141 | $145 | $148 |
| ▁▁▄▇▆▄██ | Total Deposits ($M) | $136 | $136 | $145 | $152 | $148 | $145 | $154 | $152 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 6% |
| Agricultural | 23% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |