Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.03 | 1.29% |
| Return on Equity (%) | ▲ | 10.41% | +0.65 | 9.76% |
| Net Interest Margin (%) | — | 4.18% | 0.00 | 4.18% |
| Efficiency Ratio (%) | ▼ | 61.49% | +0.89 | 60.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.91% | -0.19 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $400 | +28.02 | $372 |
| Gross Loans ($M) | ▼ | $294 | -2.61 | $296 |
| Loan Growth YoY (%) | ▼ | 85.40% | -8.07 | 93.47% |
| Total Deposits ($M) | ▲ | $339 | +26.64 | $313 |
| Shareholders Equity ($M) | ▲ | $51 | +0.75 | $51 |
| Tang. Book Value ($M) | ▲ | $51 | +0.75 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +1.10 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 85.40% | -8.07 | 93.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.00 | 0.16% |
| Allowance / Loans (%) | — | 1.36% | -0.03% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▇██▁ | Net Interest Margin (%) | 4.23% | 4.23% | 4.23% | 4.18% | 4.39% | 4.41% | 4.43% | 4.18% |
| ▁▃▄▁▅▇█▁ | Return on Assets (%) | 1.31% | 1.36% | 1.39% | 1.29% | 1.44% | 1.50% | 1.54% | 1.32% |
| █▅▄▇▄▂▁█ | Efficiency Ratio (%) | 61.1% | 59.6% | 59.0% | 60.6% | 59.0% | 57.8% | 56.7% | 61.5% |
| ███▄▃▃▃▁ | Cost of Funds (%) | 2.28% | 2.32% | 2.33% | 2.10% | 2.03% | 2.05% | 2.02% | 1.91% |
| ▂█▄▅▁▁▅▅ | NPA / Assets (%) | 0.13% | 0.20% | 0.14% | 0.16% | 0.11% | 0.11% | 0.16% | 0.15% |
| ▂█▄▅▁▁▆▆ | Net Charge-Off Ratio (%) | 0.16% | 0.25% | 0.18% | 0.20% | 0.14% | 0.14% | 0.21% | 0.21% |
| ▁▂▃▅▇█▄▆ | Tang. Book Value ($M) | $47 | $48 | $49 | $51 | $52 | $53 | $50 | $51 |
| ▄▅▆▂▄█▅▁ | Gross Loans ($M) | $301 | $302 | $304 | $296 | $301 | $309 | $302 | $294 |
| ▁▃▃▂▂▄██ | Total Deposits ($M) | $305 | $314 | $314 | $313 | $313 | $321 | $339 | $339 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |