Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.02 | 1.29% |
| Return on Equity (%) | ▼ | 7.96% | -0.32 | 8.28% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.03 | 3.13% |
| Efficiency Ratio (%) | ▲ | 50.53% | -1.74 | 52.26% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.58% | -0.10 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $214 | +8.12 | $206 |
| Gross Loans ($M) | ▲ | $139 | +3.40 | $136 |
| Loan Growth YoY (%) | ▼ | 76.77% | -0.26 | 77.03% |
| Total Deposits ($M) | ▲ | $180 | +5.04 | $175 |
| Shareholders Equity ($M) | ▲ | $34 | +2.95 | $31 |
| Tang. Book Value ($M) | ▲ | $22 | +3.11 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.56 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 76.77% | -0.26 | 77.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 0.92% | -0.03% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.63% | +1.72 | 13.91% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂███▃ | Net Interest Margin (%) | 3.10% | 3.13% | 3.16% | 3.13% | 3.28% | 3.29% | 3.29% | 3.16% |
| ▁▂▃█████ | Return on Assets (%) | 0.99% | 1.05% | 1.07% | 1.29% | 1.30% | 1.29% | 1.30% | 1.27% |
| █▇▇▅▂▁▁▁ | Efficiency Ratio (%) | 54.0% | 53.5% | 53.6% | 52.3% | 51.0% | 50.8% | 50.4% | 50.5% |
| █▆▆▃▃▂▃▁ | Cost of Funds (%) | 1.96% | 1.84% | 1.82% | 1.68% | 1.72% | 1.65% | 1.72% | 1.58% |
| ▁▁▁▁▁▁█▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.44% | 0.02% |
| ▁▁▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.66% | 0.03% |
| ▃▆▇▁▂▅▇█ | Tang. Book Value ($M) | $20 | $21 | $22 | $19 | $20 | $21 | $21 | $22 |
| ▁▃█▃█▇▆▇ | Gross Loans ($M) | $133 | $135 | $141 | $136 | $140 | $139 | $138 | $139 |
| ▆▇▄▆▁▅▄█ | Total Deposits ($M) | $175 | $177 | $171 | $175 | $164 | $173 | $171 | $180 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 3% |
| Agricultural | 28% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 7% |