Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.18 | 1.19% |
| Return on Equity (%) | ▼ | 8.25% | -2.24 | 10.49% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.32 | 3.30% |
| Efficiency Ratio (%) | ▼ | 74.07% | +5.12 | 68.96% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.04 | $0 |
| Cost of Funds (%) | ▲ | 1.25% | -0.13 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $164 | +9.74 | $154 |
| Gross Loans ($M) | ▲ | $88 | +3.16 | $85 |
| Loan Growth YoY (%) | ▼ | 61.09% | -1.19 | 62.28% |
| Total Deposits ($M) | ▲ | $143 | +7.82 | $135 |
| Shareholders Equity ($M) | ▲ | $19 | +2.25 | $17 |
| Tang. Book Value ($M) | ▲ | $17 | +2.26 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.45 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 61.09% | -1.19 | 62.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.17 | 0.04% |
| Allowance / Loans (%) | — | 1.45% | -0.07% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.27 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆██ | Net Interest Margin (%) | 3.17% | 3.20% | 3.25% | 3.30% | 3.44% | 3.49% | 3.57% | 3.62% |
| ▃▃▄▄▇██▁ | Return on Assets (%) | 1.13% | 1.14% | 1.17% | 1.19% | 1.32% | 1.40% | 1.42% | 1.00% |
| ▄▃▃▄▂▁▁█ | Efficiency Ratio (%) | 67.8% | 67.7% | 67.3% | 69.0% | 65.9% | 64.0% | 64.1% | 74.1% |
| ▃██▄▁▃▃▁ | Cost of Funds (%) | 1.34% | 1.53% | 1.51% | 1.38% | 1.25% | 1.35% | 1.35% | 1.25% |
| ▂▃▁▁▃▁▂█ | NPA / Assets (%) | 0.05% | 0.08% | 0.04% | 0.04% | 0.08% | 0.02% | 0.06% | 0.20% |
| ▂▃▁▁▃▁▁█ | Net Charge-Off Ratio (%) | 0.09% | 0.14% | 0.06% | 0.07% | 0.15% | 0.04% | 0.07% | 0.34% |
| ▁▄▂▃▃▆██ | Tang. Book Value ($M) | $14 | $15 | $14 | $15 | $15 | $16 | $17 | $17 |
| ▁▁▁▁▁▃▆█ | Gross Loans ($M) | $85 | $85 | $85 | $85 | $85 | $86 | $87 | $88 |
| ▅▅▁▃█▇▄▇ | Total Deposits ($M) | $139 | $138 | $129 | $135 | $146 | $143 | $137 | $143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 8% |
| Agricultural | 17% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |