Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.15 | 1.32% |
| Return on Equity (%) | ▲ | 16.19% | +0.49 | 15.70% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.38 | 3.25% |
| Efficiency Ratio (%) | ▲ | 58.72% | -4.93 | 63.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.17 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $310 | +17.11 | $293 |
| Gross Loans ($M) | ▲ | $226 | +12.65 | $213 |
| Loan Growth YoY (%) | ▲ | 84.33% | +0.31 | 84.02% |
| Total Deposits ($M) | ▲ | $266 | +13.94 | $252 |
| Shareholders Equity ($M) | ▲ | $28 | +3.10 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +3.10 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +2.94 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 84.33% | +0.31 | 84.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.04 | 0.56% |
| Allowance / Loans (%) | — | 0.86% | 0.00% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▆█ | Net Interest Margin (%) | 3.12% | 3.16% | 3.20% | 3.25% | 3.33% | 3.39% | 3.46% | 3.63% |
| ▁▁▂▆▆▇██ | Return on Assets (%) | 1.03% | 1.07% | 1.14% | 1.32% | 1.33% | 1.39% | 1.47% | 1.47% |
| █▇▆▄▄▃▂▁ | Efficiency Ratio (%) | 69.6% | 68.3% | 66.2% | 63.6% | 63.1% | 61.9% | 60.1% | 58.7% |
| ▆▆█▅▆▆▃▁ | Cost of Funds (%) | 2.05% | 2.04% | 2.14% | 2.01% | 2.04% | 2.04% | 1.94% | 1.84% |
| ▁▁▁█████ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.56% | 0.57% | 0.54% | 0.53% | 0.52% |
| ▁▁▃▂█▂▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.01% | 0.05% | 0.01% | 0.00% | 0.00% |
| ▁▄▃▃▄▇█▇ | Tang. Book Value ($M) | $23 | $25 | $24 | $24 | $25 | $27 | $28 | $28 |
| ▁▃▃▄▆▆██ | Gross Loans ($M) | $200 | $207 | $210 | $213 | $218 | $220 | $228 | $226 |
| ▁▂▄▅▇▇▇█ | Total Deposits ($M) | $229 | $234 | $245 | $252 | $259 | $257 | $258 | $266 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 10% |