Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.22 | 0.67% |
| Return on Equity (%) | ▲ | 9.73% | +1.96 | 7.77% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.29 | 3.64% |
| Efficiency Ratio (%) | ▲ | 71.17% | -6.50 | 77.67% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.01 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $272 | +5.78 | $266 |
| Gross Loans ($M) | ▲ | $207 | +8.82 | $198 |
| Loan Growth YoY (%) | ▲ | 84.61% | +0.09 | 84.52% |
| Total Deposits ($M) | ▲ | $242 | +10.10 | $232 |
| Shareholders Equity ($M) | ▲ | $25 | +1.94 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +1.94 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +1.92 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 84.61% | +0.09 | 84.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.09 | 0.43% |
| Allowance / Loans (%) | — | 1.07% | -0.01% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.13 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆██ | Net Interest Margin (%) | 3.17% | 3.22% | 3.31% | 3.64% | 3.68% | 3.71% | 3.86% | 3.93% |
| ▁▁▄▃▄▅▇█ | Return on Assets (%) | 0.59% | 0.60% | 0.70% | 0.67% | 0.71% | 0.75% | 0.85% | 0.89% |
| ██▆▆▅▃▁▁ | Efficiency Ratio (%) | 80.1% | 79.3% | 77.0% | 77.7% | 75.9% | 74.3% | 72.2% | 71.2% |
| ██▅▁▄▃▂▁ | Cost of Funds (%) | 1.83% | 1.83% | 1.72% | 1.56% | 1.65% | 1.64% | 1.60% | 1.54% |
| ▃▂█▆▅▃▁▁ | NPA / Assets (%) | 0.38% | 0.37% | 0.48% | 0.43% | 0.42% | 0.38% | 0.34% | 0.34% |
| ▄▃█▆▄▂▁▁ | Net Charge-Off Ratio (%) | 0.51% | 0.49% | 0.64% | 0.56% | 0.53% | 0.48% | 0.43% | 0.43% |
| ▁▄▁▄▄███ | Tang. Book Value ($M) | $22 | $23 | $22 | $23 | $23 | $25 | $25 | $25 |
| ▁▁▁▂▆███ | Gross Loans ($M) | $195 | $196 | $196 | $198 | $204 | $207 | $208 | $207 |
| ▁▁▂▄▄▆██ | Total Deposits ($M) | $223 | $222 | $224 | $232 | $231 | $236 | $242 | $242 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |