Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.00% | -0.11 | 2.11% |
| Return on Equity (%) | ▼ | 11.38% | -0.61 | 11.99% |
| Net Interest Margin (%) | ▼ | 4.43% | -0.21 | 4.64% |
| Efficiency Ratio (%) | ▲ | 58.98% | -0.20 | 59.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $1 |
| Cost of Funds (%) | ▼ | 0.70% | +0.17 | 0.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $106 | +7.70 | $98 |
| Gross Loans ($M) | ▲ | $63 | +1.59 | $61 |
| Loan Growth YoY (%) | ▼ | 76.46% | -3.28 | 79.74% |
| Total Deposits ($M) | ▲ | $81 | +5.35 | $76 |
| Shareholders Equity ($M) | ▲ | $18 | +1.34 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.34 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.26 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 76.46% | -3.28 | 79.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Allowance / Loans (%) | — | 0.98% | -0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 30.47% | -0.06 | 30.53% |
Noninterest income ($0.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃████▄ | Net Interest Margin (%) | 4.20% | 4.31% | 4.37% | 4.64% | 4.64% | 4.68% | 4.66% | 4.43% |
| ▁▂▄▆▇▇█▄ | Return on Assets (%) | 1.67% | 1.79% | 1.96% | 2.11% | 2.19% | 2.19% | 2.32% | 2.00% |
| ██▆▅▃▃▁▅ | Efficiency Ratio (%) | 62.5% | 62.1% | 60.0% | 59.2% | 57.2% | 56.9% | 54.9% | 59.0% |
| ▁▂▄▄▅▆█▇ | Cost of Funds (%) | 0.33% | 0.42% | 0.54% | 0.53% | 0.59% | 0.63% | 0.76% | 0.70% |
| █▁▁▁▁▁▁▂ | NPA / Assets (%) | 0.13% | 0.00% | 0.00% | 0.01% | 0.00% | 0.01% | 0.00% | 0.02% |
| █▁▁▁▁▁▁▂ | Net Charge-Off Ratio (%) | 0.20% | 0.00% | 0.00% | 0.02% | 0.00% | 0.01% | 0.00% | 0.03% |
| ▁▃▄▄▆▇██ | Tang. Book Value ($M) | $16 | $17 | $17 | $17 | $18 | $18 | $18 | $18 |
| ▁▁▃▂███▅ | Gross Loans ($M) | $60 | $60 | $62 | $61 | $65 | $65 | $65 | $63 |
| ▄▁▃▄▄▃▇█ | Total Deposits ($M) | $76 | $72 | $75 | $76 | $77 | $75 | $79 | $81 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 6% |
| Agricultural | 18% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 3% |