Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.59% | +0.90 | 2.69% |
| Return on Equity (%) | ▲ | 23.88% | +7.00 | 16.88% |
| Net Interest Margin (%) | ▲ | 6.31% | +0.35 | 5.96% |
| Efficiency Ratio (%) | ▲ | 44.10% | -10.30 | 54.40% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 1.31% | -0.41 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $120 | +19.21 | $101 |
| Gross Loans ($M) | ▲ | $84 | +13.20 | $70 |
| Loan Growth YoY (%) | ▼ | 81.01% | -1.13 | 82.14% |
| Total Deposits ($M) | ▲ | $101 | +17.24 | $84 |
| Shareholders Equity ($M) | ▲ | $18 | +1.88 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.13 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 81.01% | -1.13 | 82.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.05 | 0.58% |
| Allowance / Loans (%) | — | 1.63% | -0.05% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -0.29 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▃▅▆▆ | Net Interest Margin (%) | 6.38% | 6.45% | 6.42% | 5.96% | 6.10% | 6.25% | 6.32% | 6.31% |
| ▅▅▅▁▁▁▂█ | Return on Assets (%) | 3.16% | 3.22% | 3.18% | 2.69% | 2.74% | 2.78% | 2.83% | 3.59% |
| ▃▃▄███▇▁ | Efficiency Ratio (%) | 47.7% | 46.9% | 48.0% | 54.4% | 54.5% | 53.3% | 52.9% | 44.1% |
| ███▆▄▄▂▁ | Cost of Funds (%) | 1.88% | 1.85% | 1.90% | 1.73% | 1.55% | 1.56% | 1.46% | 1.31% |
| ▁▁██▇▇█▇ | NPA / Assets (%) | 0.03% | 0.07% | 0.64% | 0.58% | 0.51% | 0.50% | 0.64% | 0.53% |
| ▁▁██▇▇█▅ | Net Charge-Off Ratio (%) | 0.04% | 0.10% | 0.84% | 0.84% | 0.73% | 0.70% | 0.84% | 0.54% |
| ▁▄▁▄▃▇▄█ | Tang. Book Value ($M) | $15 | $16 | $15 | $16 | $16 | $17 | $16 | $17 |
| ▁▁▁▂▄▅██ | Gross Loans ($M) | $68 | $67 | $68 | $70 | $76 | $77 | $85 | $84 |
| ▁▁▁▂▅▄▆█ | Total Deposits ($M) | $79 | $79 | $81 | $84 | $92 | $89 | $95 | $101 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 25% |
| Agricultural | 15% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |