Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.52% | -0.11 | 1.63% |
| Return on Equity (%) | ▼ | 16.53% | -2.67 | 19.20% |
| Net Interest Margin (%) | ▼ | 4.52% | -0.16 | 4.68% |
| Efficiency Ratio (%) | ▼ | 69.05% | +1.26 | 67.79% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▼ | 0.56% | +0.08 | 0.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $195 | +14.62 | $181 |
| Gross Loans ($M) | ▼ | $89 | -19.25 | $109 |
| Loan Growth YoY (%) | ▼ | 50.15% | -15.67 | 65.82% |
| Total Deposits ($M) | ▲ | $176 | +12.54 | $164 |
| Shareholders Equity ($M) | ▲ | $17 | +1.58 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.58 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.37 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 50.15% | -15.67 | 65.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.27% | 0.32% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.00 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇███▅ | Net Interest Margin (%) | 4.16% | 4.18% | 4.28% | 4.68% | 4.77% | 4.77% | 4.81% | 4.52% |
| ▂▁▂▇███▄ | Return on Assets (%) | 1.44% | 1.38% | 1.43% | 1.63% | 1.68% | 1.69% | 1.71% | 1.52% |
| ▁██▃▂▁▁▆ | Efficiency Ratio (%) | 66.9% | 70.0% | 69.7% | 67.8% | 67.4% | 67.2% | 67.1% | 69.1% |
| █▇▄▁▂▂▃▂ | Cost of Funds (%) | 0.98% | 0.89% | 0.72% | 0.48% | 0.57% | 0.58% | 0.61% | 0.56% |
| ▃▃█▁▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.04% | 0.08% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▃▃█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.14% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| ▁▃▃▅▆███ | Tang. Book Value ($M) | $13 | $14 | $15 | $15 | $16 | $17 | $17 | $17 |
| █▆▇▇█▆▂▁ | Gross Loans ($M) | $112 | $105 | $107 | $109 | $111 | $106 | $95 | $89 |
| ▃▁▁▂▃▅▁█ | Total Deposits ($M) | $165 | $162 | $162 | $164 | $165 | $170 | $161 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 8% |
| Agricultural | 10% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 6% |