Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.34% | +0.14 | 3.20% |
| Return on Equity (%) | ▼ | 23.65% | -0.22 | 23.87% |
| Net Interest Margin (%) | ▲ | 4.97% | +0.02 | 4.95% |
| Efficiency Ratio (%) | ▼ | 43.10% | +0.03 | 43.06% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.18 | $3 |
| Cost of Funds (%) | — | 0.62% | 0.00 | 0.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $375 | +14.34 | $360 |
| Gross Loans ($M) | ▲ | $253 | +0.48 | $252 |
| Loan Growth YoY (%) | ▼ | 78.10% | -2.13 | 80.23% |
| Total Deposits ($M) | ▲ | $320 | +9.12 | $311 |
| Shareholders Equity ($M) | ▲ | $53 | +5.16 | $48 |
| Tang. Book Value ($M) | ▲ | $48 | +5.16 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +5.52 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 78.10% | -2.13 | 80.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Allowance / Loans (%) | — | 1.15% | -0.01% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.07% | +2.51 | 19.56% |
Noninterest income ($0.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▄▆█▁▂▄█ | Net Interest Margin (%) | 4.92% | 4.77% | 4.87% | 4.95% | 4.60% | 4.64% | 4.78% | 4.97% |
| ▄▂▂▆▁▁▁█ | Return on Assets (%) | 3.08% | 2.97% | 2.96% | 3.20% | 2.90% | 2.90% | 2.92% | 3.34% |
| ▆▆█▁▃▃▇▁ | Efficiency Ratio (%) | 45.0% | 45.0% | 45.9% | 43.1% | 44.1% | 43.8% | 45.5% | 43.1% |
| ▁█▃▁▂▅▃▁ | Cost of Funds (%) | 0.66% | 1.22% | 0.81% | 0.62% | 0.74% | 0.98% | 0.80% | 0.62% |
| ▅▅█▂▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.06% | 0.12% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▆▆█▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.10% | 0.10% | 0.16% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▄▄▅██ | Tang. Book Value ($M) | $39 | $40 | $42 | $43 | $43 | $45 | $47 | $48 |
| ▁▁▃▄▆█▇▄ | Gross Loans ($M) | $237 | $240 | $247 | $252 | $258 | $269 | $265 | $253 |
| ▁▄▁▁█▅▂▂ | Total Deposits ($M) | $309 | $352 | $300 | $311 | $420 | $361 | $318 | $320 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 1% |