Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.40 | 0.97% |
| Return on Equity (%) | ▲ | 9.04% | +2.02 | 7.02% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.31 | 3.52% |
| Efficiency Ratio (%) | ▲ | 61.43% | -8.22 | 69.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 0.89% | -0.16 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $145 | +5.07 | $140 |
| Gross Loans ($M) | ▲ | $96 | +1.27 | $95 |
| Loan Growth YoY (%) | ▼ | 78.35% | -1.74 | 80.09% |
| Total Deposits ($M) | ▲ | $122 | +4.23 | $117 |
| Shareholders Equity ($M) | ▲ | $22 | +1.87 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +1.87 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +1.82 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 78.35% | -1.74 | 80.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.05 | 0.46% |
| Allowance / Loans (%) | — | 0.86% | -0.01% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.62% | -0.07 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.31% | 3.33% | 3.35% | 3.52% | 3.63% | 3.68% | 3.75% | 3.84% |
| ▂▃▁▂▄▅▂█ | Return on Assets (%) | 0.98% | 1.02% | 0.86% | 0.97% | 1.11% | 1.17% | 0.93% | 1.37% |
| ▅▅█▆▄▃█▁ | Efficiency Ratio (%) | 68.6% | 67.8% | 73.2% | 69.6% | 66.8% | 65.5% | 73.4% | 61.4% |
| █▇█▄▄▃▃▁ | Cost of Funds (%) | 1.24% | 1.16% | 1.24% | 1.05% | 1.05% | 1.00% | 1.00% | 0.89% |
| █▆▅▅▅▂▃▁ | NPA / Assets (%) | 0.50% | 0.47% | 0.47% | 0.46% | 0.46% | 0.43% | 0.43% | 0.41% |
| █▇▆▄▃▂▂▁ | Net Charge-Off Ratio (%) | 0.75% | 0.72% | 0.71% | 0.68% | 0.67% | 0.64% | 0.64% | 0.62% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $19 | $20 | $19 | $20 | $20 | $21 | $21 | $22 |
| ▁▄▂▅▅█▅▇ | Gross Loans ($M) | $92 | $94 | $93 | $95 | $95 | $97 | $95 | $96 |
| ▁▄▅▅▃█▄█ | Total Deposits ($M) | $111 | $116 | $117 | $117 | $114 | $122 | $116 | $122 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 4% |
| Agricultural | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 2% |