Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.13% | +0.10 | 2.03% |
| Return on Equity (%) | ▲ | 22.50% | +0.74 | 21.76% |
| Net Interest Margin (%) | ▲ | 5.47% | +0.20 | 5.27% |
| Efficiency Ratio (%) | ▲ | 64.52% | -1.03 | 65.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 0.90% | -0.08 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $188 | +10.68 | $178 |
| Gross Loans ($M) | ▲ | $159 | +4.69 | $154 |
| Loan Growth YoY (%) | ▼ | 93.08% | -2.67 | 95.75% |
| Total Deposits ($M) | ▲ | $168 | +9.10 | $159 |
| Shareholders Equity ($M) | ▲ | $18 | +1.28 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.28 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 93.08% | -2.67 | 95.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.54% | -0.08 | 1.62% |
| Allowance / Loans (%) | — | 1.19% | 0.28% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 1.83% | -0.04 | 1.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.22% | +0.49 | 12.73% |
Noninterest income ($0.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▇███ | Net Interest Margin (%) | 4.92% | 5.07% | 5.17% | 5.27% | 5.38% | 5.44% | 5.48% | 5.47% |
| ▁▅▄▄▅▂▁█ | Return on Assets (%) | 1.96% | 2.06% | 2.04% | 2.03% | 2.05% | 1.98% | 1.95% | 2.13% |
| █▄▄▆▃▂▁▃ | Efficiency Ratio (%) | 66.2% | 64.9% | 64.9% | 65.5% | 64.4% | 64.2% | 63.6% | 64.5% |
| █▄▁▅▂▅▆▁ | Cost of Funds (%) | 1.06% | 0.97% | 0.91% | 0.98% | 0.93% | 0.98% | 1.01% | 0.90% |
| ▁▁▂██▇██ | NPA / Assets (%) | 0.16% | 0.06% | 0.45% | 1.62% | 1.49% | 1.45% | 1.66% | 1.54% |
| ▁▁▂█████ | Net Charge-Off Ratio (%) | 0.19% | 0.07% | 0.51% | 1.87% | 1.81% | 1.76% | 1.99% | 1.83% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $16 | $16 | $16 | $17 | $17 | $17 | $18 | $18 |
| ▁▂▅▆▆▇██ | Gross Loans ($M) | $146 | $148 | $153 | $154 | $154 | $156 | $158 | $159 |
| ▂▁▁▄▇███ | Total Deposits ($M) | $154 | $150 | $151 | $159 | $168 | $171 | $170 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 4% |
| Agricultural | 4% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 3% |