Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.55% | -0.20 | 1.75% |
| Return on Equity (%) | ▼ | 14.78% | -1.55 | 16.33% |
| Net Interest Margin (%) | ▼ | 3.97% | -0.24 | 4.21% |
| Efficiency Ratio (%) | ▼ | 63.88% | +3.05 | 60.83% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.10 | $2 |
| Cost of Funds (%) | ▲ | 1.54% | -0.06 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $361 | +15.47 | $346 |
| Gross Loans ($M) | ▲ | $297 | +8.45 | $288 |
| Loan Growth YoY (%) | ▼ | 91.86% | -1.34 | 93.19% |
| Total Deposits ($M) | ▲ | $319 | +13.41 | $306 |
| Shareholders Equity ($M) | ▲ | $39 | +0.98 | $38 |
| Tang. Book Value ($M) | ▲ | $39 | +0.98 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 91.86% | -1.34 | 93.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.09 | 0.07% |
| Allowance / Loans (%) | — | 1.25% | 0.04% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.11 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆██▇▁ | Net Interest Margin (%) | 3.92% | 3.96% | 3.99% | 4.21% | 4.30% | 4.34% | 4.29% | 3.97% |
| ▁▂▂██▄▄▁ | Return on Assets (%) | 1.55% | 1.60% | 1.60% | 1.75% | 1.77% | 1.65% | 1.64% | 1.55% |
| ▅▃▅▁▁▇▇█ | Efficiency Ratio (%) | 62.5% | 61.6% | 62.6% | 60.8% | 60.6% | 63.1% | 63.5% | 63.9% |
| ██▇▄▅▄▁▂ | Cost of Funds (%) | 1.70% | 1.70% | 1.65% | 1.60% | 1.62% | 1.59% | 1.51% | 1.54% |
| ▁▂▁▂█▄▃▅ | NPA / Assets (%) | 0.00% | 0.04% | 0.00% | 0.07% | 0.28% | 0.11% | 0.08% | 0.16% |
| ▁▂▁▂█▄▃▅ | Net Charge-Off Ratio (%) | 0.00% | 0.05% | 0.00% | 0.08% | 0.33% | 0.13% | 0.11% | 0.19% |
| ▂▅▁▃▆█▃▅ | Tang. Book Value ($M) | $37 | $39 | $37 | $38 | $40 | $41 | $38 | $39 |
| ▁▁▅▆▃▅██ | Gross Loans ($M) | $273 | $269 | $287 | $288 | $280 | $286 | $299 | $297 |
| ▁▃▅▃▁▁█▅ | Total Deposits ($M) | $292 | $305 | $317 | $306 | $297 | $297 | $335 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 6% |
| Agricultural | 33% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 2% |