Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.04 | 1.77% |
| Return on Equity (%) | ▼ | 13.07% | -0.88 | 13.95% |
| Net Interest Margin (%) | ▼ | 5.04% | -0.11 | 5.15% |
| Efficiency Ratio (%) | ▲ | 58.66% | -1.08 | 59.74% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.00% | -0.03 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $172 | +4.60 | $167 |
| Gross Loans ($M) | ▲ | $103 | +6.63 | $96 |
| Loan Growth YoY (%) | ▲ | 69.31% | +3.67 | 65.64% |
| Total Deposits ($M) | ▲ | $148 | +2.09 | $145 |
| Shareholders Equity ($M) | ▲ | $24 | +2.66 | $21 |
| Tang. Book Value ($M) | ▲ | $24 | +2.66 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.78 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 69.31% | +3.67 | 65.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.02 | 0.23% |
| Allowance / Loans (%) | — | 0.64% | -0.21% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.02 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▆▇▆▁ | Net Interest Margin (%) | 5.41% | 5.43% | 5.40% | 5.15% | 5.28% | 5.34% | 5.29% | 5.04% |
| ▄▇▄▁▆█▅▂ | Return on Assets (%) | 1.89% | 1.97% | 1.87% | 1.77% | 1.95% | 2.01% | 1.92% | 1.81% |
| ▇▄██▂▁▄▆ | Efficiency Ratio (%) | 59.1% | 57.6% | 59.6% | 59.7% | 56.9% | 56.0% | 57.8% | 58.7% |
| ▁▇█▆▇▆▆▄ | Cost of Funds (%) | 0.95% | 1.04% | 1.07% | 1.03% | 1.04% | 1.04% | 1.03% | 1.00% |
| ▃▂▂▁█▄▃▁ | NPA / Assets (%) | 0.29% | 0.26% | 0.26% | 0.23% | 0.43% | 0.31% | 0.29% | 0.25% |
| ▃▁▂▁█▄▃▁ | Net Charge-Off Ratio (%) | 0.48% | 0.43% | 0.44% | 0.39% | 0.72% | 0.52% | 0.49% | 0.42% |
| ▁▃▂▄▅███ | Tang. Book Value ($M) | $19 | $21 | $20 | $21 | $22 | $24 | $24 | $24 |
| ▁▂▂▃▅▅▇█ | Gross Loans ($M) | $94 | $95 | $95 | $96 | $99 | $99 | $101 | $103 |
| ▁▁▂▇▅▄██ | Total Deposits ($M) | $138 | $137 | $139 | $145 | $143 | $142 | $147 | $148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |