Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.35 | 0.61% |
| Return on Equity (%) | ▲ | 11.49% | +2.87 | 8.62% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.02 | 3.92% |
| Efficiency Ratio (%) | ▲ | 77.53% | -7.59 | 85.12% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $0 |
| Cost of Funds (%) | ▲ | 2.12% | -0.21 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $321 | +33.47 | $288 |
| Gross Loans ($M) | ▲ | $254 | +20.72 | $233 |
| Loan Growth YoY (%) | ▼ | 86.21% | -2.00 | 88.21% |
| Total Deposits ($M) | ▲ | $291 | +29.66 | $262 |
| Shareholders Equity ($M) | ▲ | $27 | +6.11 | $21 |
| Tang. Book Value ($M) | ▲ | $27 | +6.11 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +6.14 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 86.21% | -2.00 | 88.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.09 | 0.13% |
| Allowance / Loans (%) | — | 1.00% | 0.08% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.17 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.41% | +1.43 | 9.98% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇██▆ | Net Interest Margin (%) | 3.72% | 3.78% | 3.82% | 3.92% | 4.02% | 4.05% | 4.07% | 3.95% |
| ▁▃▃▁▃▃▅█ | Return on Assets (%) | 0.63% | 0.72% | 0.70% | 0.61% | 0.70% | 0.71% | 0.79% | 0.96% |
| ▇▅▅█▆▄▂▁ | Efficiency Ratio (%) | 83.7% | 81.6% | 81.5% | 85.1% | 82.3% | 80.5% | 78.8% | 77.5% |
| ██▅▃▄▄▂▁ | Cost of Funds (%) | 2.73% | 2.78% | 2.52% | 2.33% | 2.43% | 2.40% | 2.22% | 2.12% |
| ▁▁▁▃▅▄█▅ | NPA / Assets (%) | 0.04% | 0.03% | 0.06% | 0.13% | 0.25% | 0.17% | 0.40% | 0.22% |
| ▁▁▂▃█▆▇▇ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.08% | 0.10% | 0.31% | 0.21% | 0.24% | 0.27% |
| ▁▂▁▂▃▄██ | Tang. Book Value ($M) | $19 | $21 | $20 | $21 | $21 | $22 | $27 | $27 |
| ▁▁▂▃▄▆█▇ | Gross Loans ($M) | $225 | $223 | $230 | $233 | $240 | $249 | $260 | $254 |
| ▁▁▃▂▄▅▇█ | Total Deposits ($M) | $257 | $252 | $262 | $262 | $270 | $272 | $286 | $291 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 24% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |