Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.27 | 0.74% |
| Return on Equity (%) | ▲ | 12.16% | +3.53 | 8.63% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.18 | 4.24% |
| Efficiency Ratio (%) | ▲ | 71.56% | -10.20 | 81.76% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.19 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $264 | +14.28 | $249 |
| Gross Loans ($M) | ▲ | $203 | +8.40 | $195 |
| Loan Growth YoY (%) | ▼ | 83.63% | -1.32 | 84.95% |
| Total Deposits ($M) | ▲ | $240 | +13.43 | $227 |
| Shareholders Equity ($M) | ▲ | $22 | +1.16 | $21 |
| Tang. Book Value ($M) | ▲ | $21 | +1.19 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 83.63% | -1.32 | 84.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.66 | 0.93% |
| Allowance / Loans (%) | — | 1.23% | 0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.27 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.35% | +0.03 | 12.31% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▁▃▃▄▅ | Net Interest Margin (%) | 4.52% | 4.44% | 4.44% | 4.24% | 4.34% | 4.34% | 4.35% | 4.42% |
| ██▇▁▁▂▁▄ | Return on Assets (%) | 1.41% | 1.34% | 1.26% | 0.74% | 0.82% | 0.88% | 0.79% | 1.01% |
| ▁▁▂█▇▆▇▁ | Efficiency Ratio (%) | 70.1% | 70.8% | 71.7% | 81.8% | 79.6% | 78.1% | 79.5% | 71.6% |
| ▁▄█▇█▆▅▂ | Cost of Funds (%) | 1.34% | 1.46% | 1.64% | 1.57% | 1.62% | 1.56% | 1.52% | 1.39% |
| ▁▁█▄▃▄▂▁ | NPA / Assets (%) | 0.07% | 0.11% | 2.36% | 0.93% | 0.75% | 1.02% | 0.64% | 0.27% |
| ▁▁█▁▁▂▂▁ | Net Charge-Off Ratio (%) | 0.09% | 0.14% | 2.91% | 0.27% | 0.04% | 0.45% | 0.44% | 0.00% |
| ▁▃▂▄▅▆▆█ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $20 | $21 | $21 | $21 |
| ▁▃▅▅▇▆██ | Gross Loans ($M) | $180 | $189 | $194 | $195 | $201 | $198 | $206 | $203 |
| ▁▄▄▅▅███ | Total Deposits ($M) | $199 | $221 | $217 | $227 | $226 | $241 | $244 | $240 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 3% |
| Agricultural | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |