Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.26 | 1.33% |
| Return on Equity (%) | ▲ | 11.52% | +0.51 | 11.01% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.16 | 3.50% |
| Efficiency Ratio (%) | ▲ | 62.15% | -5.49 | 67.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 0.22% | -0.08 | 0.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $166 | +9.67 | $156 |
| Gross Loans ($M) | ▲ | $21 | +0.82 | $21 |
| Loan Growth YoY (%) | ▲ | 14.60% | +0.02 | 14.57% |
| Total Deposits ($M) | ▲ | $143 | +6.01 | $137 |
| Shareholders Equity ($M) | ▲ | $23 | +3.65 | $19 |
| Tang. Book Value ($M) | ▲ | $23 | +3.65 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +3.74 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 14.60% | +0.02 | 14.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.68% | -0.52% | 3.20% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▆▅▁▂▅▇█ | Net Interest Margin (%) | 3.55% | 3.61% | 3.60% | 3.50% | 3.54% | 3.60% | 3.63% | 3.67% |
| █▇▆▁▂▂▄▄ | Return on Assets (%) | 1.91% | 1.80% | 1.72% | 1.33% | 1.42% | 1.46% | 1.56% | 1.59% |
| ▁▂▃█▇▆▅▄ | Efficiency Ratio (%) | 58.2% | 59.9% | 60.9% | 67.6% | 65.8% | 65.2% | 63.1% | 62.2% |
| ▁▅█▇▆▇▄▁ | Cost of Funds (%) | 0.22% | 0.28% | 0.32% | 0.29% | 0.29% | 0.30% | 0.26% | 0.22% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $17 | $20 | $18 | $19 | $20 | $22 | $23 | $23 |
| ██▄▂▁▂▄▅ | Gross Loans ($M) | $22 | $23 | $21 | $21 | $20 | $21 | $21 | $21 |
| ▃▁▂▁▅▄█▆ | Total Deposits ($M) | $139 | $136 | $138 | $137 | $142 | $140 | $146 | $143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 50% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 3% |