Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.23 | 0.57% |
| Return on Equity (%) | ▲ | 10.36% | +2.88 | 7.48% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.25 | 3.60% |
| Efficiency Ratio (%) | ▲ | 73.72% | -7.59 | 81.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.37 | $1 |
| Cost of Funds (%) | ▲ | 2.16% | -0.18 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $356 | +34.78 | $321 |
| Gross Loans ($M) | ▲ | $300 | +32.51 | $268 |
| Loan Growth YoY (%) | ▼ | 103.74% | -0.07 | 103.81% |
| Total Deposits ($M) | ▲ | $287 | +31.02 | $256 |
| Shareholders Equity ($M) | ▲ | $27 | +2.98 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +3.02 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.95 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 103.74% | -0.07 | 103.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.30 | 0.55% |
| Allowance / Loans (%) | — | 0.97% | 0.07% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.57 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.98% | -0.32 | 10.30% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇██▇ | Net Interest Margin (%) | 3.20% | 3.33% | 3.41% | 3.60% | 3.76% | 3.86% | 3.94% | 3.85% |
| ▁▁▁▂▅▆█▆ | Return on Assets (%) | 0.47% | 0.49% | 0.54% | 0.57% | 0.79% | 0.86% | 0.99% | 0.80% |
| ██▇▆▄▃▁▂ | Efficiency Ratio (%) | 84.6% | 83.9% | 82.3% | 81.3% | 77.5% | 75.6% | 72.0% | 73.7% |
| ▅██▄▃▃▃▁ | Cost of Funds (%) | 2.39% | 2.57% | 2.57% | 2.34% | 2.29% | 2.29% | 2.28% | 2.16% |
| █▆██▄▁▁▁ | NPA / Assets (%) | 0.55% | 0.48% | 0.58% | 0.55% | 0.38% | 0.28% | 0.25% | 0.25% |
| █▇██▃▁▁▁ | Net Charge-Off Ratio (%) | 0.64% | 0.59% | 0.70% | 0.66% | 0.24% | 0.11% | 0.08% | 0.09% |
| ▁▂▃▃▄▆██ | Tang. Book Value ($M) | $22 | $23 | $23 | $23 | $24 | $25 | $26 | $26 |
| ▁▁▁▂▄▆▇█ | Gross Loans ($M) | $263 | $264 | $263 | $268 | $281 | $287 | $293 | $300 |
| ▁▃▁▃▆▇▇█ | Total Deposits ($M) | $237 | $250 | $242 | $256 | $270 | $276 | $279 | $287 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 15% |
| Agricultural | 4% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 11% |