Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.04 | 1.22% |
| Return on Equity (%) | ▼ | 15.40% | -1.53 | 16.93% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.02 | 3.11% |
| Efficiency Ratio (%) | ▲ | 63.02% | -1.64 | 64.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $0 |
| Cost of Funds (%) | ▲ | 1.56% | -0.21 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $161 | +14.19 | $147 |
| Gross Loans ($M) | ▼ | $81 | -2.21 | $83 |
| Loan Growth YoY (%) | ▼ | 54.01% | -6.33 | 60.34% |
| Total Deposits ($M) | ▲ | $147 | +11.81 | $135 |
| Shareholders Equity ($M) | ▲ | $13 | +2.27 | $11 |
| Tang. Book Value ($M) | ▲ | $13 | +2.27 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +2.21 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 54.01% | -6.33 | 60.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 1.57% | 0.02% | 1.55% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.42% | +0.94 | 17.49% |
Noninterest income ($0.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▆███▇ | Net Interest Margin (%) | 2.94% | 2.98% | 2.97% | 3.11% | 3.17% | 3.19% | 3.16% | 3.13% |
| ▁▁▁▇▇███ | Return on Assets (%) | 1.07% | 1.07% | 1.08% | 1.22% | 1.23% | 1.24% | 1.25% | 1.26% |
| ▇██▄▅▄▃▁ | Efficiency Ratio (%) | 66.7% | 67.4% | 67.2% | 64.7% | 65.5% | 64.9% | 64.6% | 63.0% |
| ▄▆▁█▃▁▂▁ | Cost of Funds (%) | 1.66% | 1.71% | 1.57% | 1.77% | 1.64% | 1.58% | 1.60% | 1.56% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $10 | $11 | $11 | $11 | $11 | $13 | $13 | $13 |
| ▁▅██▇▅▅▆ | Gross Loans ($M) | $74 | $79 | $82 | $83 | $81 | $80 | $80 | $81 |
| ▁▂▇▃▂▅██ | Total Deposits ($M) | $127 | $131 | $146 | $135 | $132 | $139 | $150 | $147 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 25% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |