Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.08% | -0.01 | 1.09% |
| Return on Equity (%) | ▼ | 9.77% | -1.36 | 11.13% |
| Net Interest Margin (%) | ▼ | 3.73% | -0.03 | 3.76% |
| Efficiency Ratio (%) | ▼ | 65.37% | +0.12 | 65.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.05 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $178 | +13.15 | $165 |
| Gross Loans ($M) | ▼ | $88 | -3.04 | $91 |
| Loan Growth YoY (%) | ▼ | 55.35% | -5.89 | 61.23% |
| Total Deposits ($M) | ▲ | $157 | +10.36 | $147 |
| Shareholders Equity ($M) | ▲ | $19 | +2.52 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.52 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +2.68 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 55.35% | -5.89 | 61.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.18 | 0.22% |
| Allowance / Loans (%) | — | 1.53% | -0.11% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.31 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.11% | +2.53 | 18.58% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆███▆ | Net Interest Margin (%) | 3.53% | 3.58% | 3.63% | 3.76% | 3.82% | 3.84% | 3.84% | 3.73% |
| ▁▁▂▄███▂ | Return on Assets (%) | 1.06% | 1.05% | 1.07% | 1.09% | 1.14% | 1.15% | 1.15% | 1.08% |
| ▆█▆▅▁▁▁▅ | Efficiency Ratio (%) | 65.7% | 66.2% | 65.6% | 65.2% | 64.2% | 64.3% | 64.4% | 65.4% |
| █▇▃▂▃▃▂▁ | Cost of Funds (%) | 1.65% | 1.57% | 1.40% | 1.35% | 1.41% | 1.42% | 1.37% | 1.30% |
| ▆█▆▄▄▁▁▁ | NPA / Assets (%) | 0.29% | 0.41% | 0.28% | 0.22% | 0.21% | 0.06% | 0.09% | 0.05% |
| ▆█▆▄▄▁▁▁ | Net Charge-Off Ratio (%) | 0.53% | 0.76% | 0.51% | 0.40% | 0.38% | 0.11% | 0.16% | 0.09% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $15 | $16 | $16 | $17 | $18 | $19 | $20 | $19 |
| ▅▁▄▆█▅█▁ | Gross Loans ($M) | $90 | $88 | $90 | $91 | $93 | $91 | $93 | $88 |
| ▃▁▄▂▂▅▆█ | Total Deposits ($M) | $148 | $144 | $150 | $147 | $147 | $152 | $153 | $157 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 20% |