Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.24 | 1.11% |
| Return on Equity (%) | ▲ | 8.33% | +0.92 | 7.41% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.23 | 2.99% |
| Efficiency Ratio (%) | ▲ | 63.69% | -4.15 | 67.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.28% | -0.05 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $173 | +0.15 | $172 |
| Gross Loans ($M) | ▼ | $46 | -0.37 | $46 |
| Loan Growth YoY (%) | ▲ | 32.06% | +0.13 | 31.93% |
| Total Deposits ($M) | ▼ | $140 | -2.26 | $142 |
| Shareholders Equity ($M) | ▲ | $28 | +2.29 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +2.29 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.71 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 32.06% | +0.13 | 31.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.02 | 0.06% |
| Allowance / Loans (%) | — | 2.71% | 0.38% | 2.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.08 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 43.31% | +1.61 | 41.70% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 2.68% | 2.68% | 2.73% | 2.99% | 3.06% | 3.13% | 3.15% | 3.23% |
| ▃▂▁▃▄▆▆█ | Return on Assets (%) | 1.09% | 1.04% | 0.99% | 1.11% | 1.15% | 1.22% | 1.22% | 1.35% |
| ▅▇█▆▆▄▂▁ | Efficiency Ratio (%) | 67.2% | 68.5% | 69.5% | 67.8% | 67.3% | 66.3% | 65.1% | 63.7% |
| ▅█▆▂▃▃▂▁ | Cost of Funds (%) | 1.41% | 1.54% | 1.45% | 1.32% | 1.37% | 1.37% | 1.32% | 1.28% |
| █▆█▁▄▁▆▃ | NPA / Assets (%) | 0.13% | 0.11% | 0.13% | 0.06% | 0.09% | 0.07% | 0.11% | 0.08% |
| █▆█▁▄▁▆▃ | Net Charge-Off Ratio (%) | 0.46% | 0.39% | 0.46% | 0.21% | 0.32% | 0.23% | 0.40% | 0.29% |
| ▁▅▃▅▆███ | Tang. Book Value ($M) | $23 | $25 | $24 | $25 | $26 | $28 | $28 | $28 |
| █▅▆▃▃█▅▁ | Gross Loans ($M) | $47 | $47 | $47 | $46 | $46 | $47 | $47 | $46 |
| ▇▁▁█▄▁▄▇ | Total Deposits ($M) | $140 | $132 | $132 | $142 | $137 | $131 | $137 | $140 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Consumer | 33% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 13% |