Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.03 | 0.73% |
| Return on Equity (%) | ▼ | 10.06% | -1.49 | 11.55% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.32 | 2.86% |
| Efficiency Ratio (%) | ▲ | 73.88% | -1.15 | 75.03% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.18% | -0.05 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $232 | +12.37 | $220 |
| Gross Loans ($M) | ▲ | $108 | +19.43 | $89 |
| Loan Growth YoY (%) | ▲ | 49.79% | +7.12 | 42.67% |
| Total Deposits ($M) | ▲ | $214 | +9.65 | $205 |
| Shareholders Equity ($M) | ▲ | $17 | +2.59 | $14 |
| Tang. Book Value ($M) | ▲ | $17 | +2.59 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.27 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 49.79% | +7.12 | 42.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.58% | -0.29% | 1.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.93% | -0.44 | 19.37% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▆█ | Net Interest Margin (%) | 2.54% | 2.52% | 2.58% | 2.86% | 2.86% | 2.91% | 2.97% | 3.18% |
| ▁▁▁▇▇▇▇█ | Return on Assets (%) | 0.52% | 0.49% | 0.50% | 0.73% | 0.72% | 0.73% | 0.71% | 0.76% |
| ▇██▂▂▁▂▁ | Efficiency Ratio (%) | 81.0% | 82.0% | 82.4% | 75.0% | 75.0% | 74.9% | 75.4% | 73.9% |
| ▆█▆▂▂▄▃▁ | Cost of Funds (%) | 1.38% | 1.47% | 1.37% | 1.22% | 1.24% | 1.29% | 1.28% | 1.18% |
| ▁▁▁█▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▄▄▇██ | Tang. Book Value ($M) | $12 | $15 | $13 | $14 | $14 | $17 | $18 | $17 |
| ▁▂▃▃▅▆██ | Gross Loans ($M) | $80 | $84 | $89 | $89 | $95 | $101 | $109 | $108 |
| ▃▁▂▅▆▂▃█ | Total Deposits ($M) | $201 | $194 | $197 | $205 | $208 | $198 | $200 | $214 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 5% |
| Agricultural | 19% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |