Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.15 | 1.25% |
| Return on Equity (%) | ▲ | 12.00% | +0.64 | 11.36% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.39 | 3.45% |
| Efficiency Ratio (%) | ▼ | 67.39% | +2.95 | 64.44% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.00 | $0 |
| Cost of Funds (%) | ▲ | 1.20% | -0.16 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $121 | +3.37 | $118 |
| Gross Loans ($M) | ▲ | $76 | +6.56 | $69 |
| Loan Growth YoY (%) | ▲ | 72.40% | +4.46 | 67.94% |
| Total Deposits ($M) | ▲ | $103 | +2.61 | $101 |
| Shareholders Equity ($M) | ▲ | $14 | +0.81 | $13 |
| Tang. Book Value ($M) | ▲ | $10 | +0.91 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $11 | +0.66 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 72.40% | +4.46 | 67.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.83% | -0.02 | 0.86% |
| Allowance / Loans (%) | — | 1.34% | 0.13% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 1.33% | -0.13 | 1.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.55% | -0.31 | 12.86% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.33% | 3.32% | 3.35% | 3.45% | 3.62% | 3.71% | 3.76% | 3.84% |
| ▁▂▁▆▆▆▅█ | Return on Assets (%) | 0.89% | 0.92% | 0.85% | 1.25% | 1.22% | 1.24% | 1.17% | 1.41% |
| █▆▆▁▂▁▁▅ | Efficiency Ratio (%) | 70.1% | 68.6% | 68.4% | 64.4% | 65.4% | 65.1% | 65.0% | 67.4% |
| ▇█▆▄▄▅▃▁ | Cost of Funds (%) | 1.46% | 1.53% | 1.45% | 1.36% | 1.36% | 1.39% | 1.31% | 1.20% |
| ▂▂▁▁▂█▁▁ | NPA / Assets (%) | 0.88% | 0.87% | 0.86% | 0.86% | 0.87% | 1.11% | 0.86% | 0.83% |
| ▃▃▃▄▂█▁▁ | Net Charge-Off Ratio (%) | 1.45% | 1.42% | 1.40% | 1.46% | 1.37% | 1.70% | 1.29% | 1.33% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $8 | $9 | $9 | $9 | $10 | $10 | $10 | $10 |
| ▁▂▃▁▄▅█▇ | Gross Loans ($M) | $70 | $71 | $72 | $69 | $73 | $74 | $78 | $76 |
| ▂▂▄▅▃▁▃█ | Total Deposits ($M) | $98 | $98 | $99 | $101 | $98 | $97 | $99 | $103 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 4% |
| Agricultural | 9% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |