Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.45 | 0.46% |
| Return on Equity (%) | ▲ | 9.22% | +4.10 | 5.12% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.37 | 2.56% |
| Efficiency Ratio (%) | ▲ | 63.51% | -13.37 | 76.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $0 |
| Cost of Funds (%) | ▲ | 2.08% | -0.16 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $277 | +12.65 | $265 |
| Gross Loans ($M) | ▲ | $183 | +10.52 | $172 |
| Loan Growth YoY (%) | ▲ | 79.82% | +1.91 | 77.91% |
| Total Deposits ($M) | ▲ | $227 | +7.86 | $219 |
| Shareholders Equity ($M) | ▲ | $27 | +2.82 | $24 |
| Tang. Book Value ($M) | ▲ | $27 | +2.82 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.73 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 79.82% | +1.91 | 77.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.12% | -0.03% | 1.15% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▂▁▃▄▅█ | Net Interest Margin (%) | 2.66% | 2.62% | 2.63% | 2.56% | 2.68% | 2.72% | 2.76% | 2.93% |
| ▆▅▅▁▇▇▇█ | Return on Assets (%) | 0.78% | 0.72% | 0.71% | 0.46% | 0.80% | 0.80% | 0.82% | 0.90% |
| ▄▅▄█▂▂▂▁ | Efficiency Ratio (%) | 68.8% | 70.4% | 70.1% | 76.9% | 66.7% | 66.4% | 66.3% | 63.5% |
| ██▆▅▆▄▁▁ | Cost of Funds (%) | 2.37% | 2.39% | 2.28% | 2.24% | 2.29% | 2.21% | 2.08% | 2.08% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▃▄▇██ | Tang. Book Value ($M) | $23 | $25 | $23 | $24 | $25 | $26 | $27 | $27 |
| ▁▁▃▃▃▃██ | Gross Loans ($M) | $169 | $168 | $173 | $172 | $173 | $174 | $184 | $183 |
| ▁▄▁▅▃▂▁█ | Total Deposits ($M) | $212 | $217 | $210 | $219 | $216 | $213 | $212 | $227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 11% |
| Agricultural | 21% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 12% |