Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.34 | 1.66% |
| Return on Equity (%) | ▲ | 16.26% | +1.64 | 14.62% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.56 | 3.33% |
| Efficiency Ratio (%) | ▲ | 52.68% | -5.09 | 57.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 1.44% | -0.15 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $126 | +6.33 | $120 |
| Gross Loans ($M) | ▼ | $66 | -0.40 | $66 |
| Loan Growth YoY (%) | ▼ | 59.57% | -3.69 | 63.26% |
| Total Deposits ($M) | ▲ | $109 | +5.72 | $103 |
| Shareholders Equity ($M) | ▲ | $16 | +1.55 | $14 |
| Tang. Book Value ($M) | ▲ | $15 | +1.55 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +1.62 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 59.57% | -3.69 | 63.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.21 | 0.74% |
| Allowance / Loans (%) | — | 1.41% | -0.01% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -1.17 | 1.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.96% | 3.00% | 3.12% | 3.33% | 3.43% | 3.57% | 3.65% | 3.89% |
| ▁▁▁▆▅▅▄█ | Return on Assets (%) | 1.05% | 1.09% | 1.06% | 1.66% | 1.58% | 1.60% | 1.51% | 2.00% |
| ███▃▃▃▄▁ | Efficiency Ratio (%) | 67.4% | 66.8% | 67.8% | 57.8% | 57.6% | 58.2% | 60.1% | 52.7% |
| █▆▆▅▄▃▃▁ | Cost of Funds (%) | 1.70% | 1.60% | 1.62% | 1.59% | 1.54% | 1.51% | 1.52% | 1.44% |
| ▂▁▆██▇▅▆ | NPA / Assets (%) | 0.22% | 0.09% | 0.55% | 0.74% | 0.76% | 0.65% | 0.49% | 0.53% |
| ▂▁▆██▇▅▁ | Net Charge-Off Ratio (%) | 0.36% | 0.15% | 0.96% | 1.35% | 1.41% | 1.17% | 0.90% | 0.18% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $12 | $13 | $12 | $13 | $14 | $15 | $15 | $15 |
| █▅▇▁▄█▅▁ | Gross Loans ($M) | $69 | $68 | $69 | $66 | $67 | $70 | $68 | $66 |
| ▁▄▄▃▆███ | Total Deposits ($M) | $101 | $104 | $104 | $103 | $106 | $109 | $108 | $109 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 34% |
| Agricultural | 6% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |