Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.08 | 1.41% |
| Return on Equity (%) | ▼ | 12.24% | -1.71 | 13.95% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.22 | 3.58% |
| Efficiency Ratio (%) | ▼ | 60.37% | +1.51 | 58.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.04 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $266 | +10.47 | $256 |
| Gross Loans ($M) | ▲ | $146 | +11.86 | $135 |
| Loan Growth YoY (%) | ▲ | 61.74% | +2.79 | 58.95% |
| Total Deposits ($M) | ▲ | $235 | +8.83 | $226 |
| Shareholders Equity ($M) | ▲ | $28 | +2.20 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +2.20 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.16 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 61.74% | +2.79 | 58.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 0.90% | -0.01% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.10% | -0.46 | 17.56% |
Noninterest income ($0.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▇▇█ | Net Interest Margin (%) | 3.54% | 3.54% | 3.54% | 3.58% | 3.70% | 3.75% | 3.76% | 3.80% |
| ▄▄▁███▂▇ | Return on Assets (%) | 1.16% | 1.16% | 0.98% | 1.41% | 1.38% | 1.38% | 1.05% | 1.32% |
| ▂▃█▁▂▂▆▂ | Efficiency Ratio (%) | 60.5% | 61.4% | 66.3% | 58.9% | 60.2% | 59.9% | 63.9% | 60.4% |
| ▁█▅▅▄█▇▄ | Cost of Funds (%) | 1.55% | 1.78% | 1.68% | 1.67% | 1.66% | 1.78% | 1.73% | 1.64% |
| ▁█▇▂▂▂█▅ | NPA / Assets (%) | 0.00% | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% |
| ▁█▂▃▂▂█▆ | Net Charge-Off Ratio (%) | 0.00% | 0.03% | 0.01% | 0.01% | 0.00% | 0.01% | 0.03% | 0.02% |
| ▁▅▁▄▅█▇█ | Tang. Book Value ($M) | $24 | $26 | $24 | $25 | $26 | $28 | $27 | $28 |
| ▁▂▂▂▃▂▅█ | Gross Loans ($M) | $131 | $133 | $133 | $135 | $135 | $134 | $139 | $146 |
| ▁▁▁▆▄▃▂█ | Total Deposits ($M) | $205 | $201 | $205 | $226 | $217 | $211 | $210 | $235 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 4% |