Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.14 | 1.87% |
| Return on Equity (%) | ▲ | 21.24% | +1.14 | 20.10% |
| Net Interest Margin (%) | ▲ | 4.91% | +0.10 | 4.81% |
| Efficiency Ratio (%) | ▲ | 61.93% | -0.72 | 62.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.18 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $261 | +2.15 | $259 |
| Gross Loans ($M) | ▲ | $199 | +4.92 | $194 |
| Loan Growth YoY (%) | ▼ | 84.59% | -2.67 | 87.26% |
| Total Deposits ($M) | ▲ | $232 | +12.50 | $219 |
| Shareholders Equity ($M) | ▲ | $26 | +1.59 | $24 |
| Tang. Book Value ($M) | ▲ | $24 | +1.60 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +1.62 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 84.59% | -2.67 | 87.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +1.40 | 0.21% |
| Allowance / Loans (%) | — | 1.20% | 0.07% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 1.98% | +1.84 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.89% | +0.42 | 11.47% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▄▄▃▁▇█ | Net Interest Margin (%) | 4.77% | 4.78% | 4.81% | 4.81% | 4.80% | 4.74% | 4.88% | 4.91% |
| ▁▁▁▇▃▄▄█ | Return on Assets (%) | 1.38% | 1.40% | 1.44% | 1.87% | 1.55% | 1.63% | 1.67% | 2.01% |
| ██▇▁▄▄▄▁ | Efficiency Ratio (%) | 70.4% | 70.0% | 69.1% | 62.6% | 66.1% | 65.4% | 65.6% | 61.9% |
| ▇█▇▆▆▆▃▁ | Cost of Funds (%) | 1.59% | 1.65% | 1.60% | 1.57% | 1.57% | 1.57% | 1.48% | 1.39% |
| ▁▁▁▁▃▃▁█ | NPA / Assets (%) | 0.17% | 0.14% | 0.19% | 0.21% | 0.63% | 0.68% | 0.14% | 1.62% |
| ▁▁▁▁▃▃▁█ | Net Charge-Off Ratio (%) | 0.22% | 0.19% | 0.25% | 0.14% | 0.70% | 0.77% | 0.05% | 1.98% |
| ▁▄▂▂▄▄▅█ | Tang. Book Value ($M) | $22 | $23 | $22 | $23 | $23 | $23 | $23 | $24 |
| ▃▁▄▆▇▇▅█ | Gross Loans ($M) | $188 | $183 | $189 | $194 | $195 | $196 | $191 | $199 |
| ▁▂▃▄▅▆█▇ | Total Deposits ($M) | $203 | $209 | $213 | $219 | $222 | $226 | $237 | $232 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 19% |
| Agricultural | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 6% |