Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.15 | 1.01% |
| Return on Equity (%) | ▼ | 15.49% | -3.75 | 19.24% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.27 | 3.68% |
| Efficiency Ratio (%) | ▲ | 69.00% | -3.38 | 72.37% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 0.96% | -0.12 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $224 | +11.72 | $212 |
| Gross Loans ($M) | ▲ | $122 | +9.41 | $112 |
| Loan Growth YoY (%) | ▼ | 60.83% | -0.15 | 60.99% |
| Total Deposits ($M) | ▲ | $198 | +15.95 | $182 |
| Shareholders Equity ($M) | ▲ | $16 | +4.66 | $11 |
| Tang. Book Value ($M) | ▲ | $16 | +4.66 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +4.69 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 60.83% | -0.15 | 60.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.32 | 0.32% |
| Allowance / Loans (%) | — | 1.14% | -0.11% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.60 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.46% | +0.27 | 15.20% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▇██ | Net Interest Margin (%) | 3.60% | 3.59% | 3.62% | 3.68% | 3.81% | 3.88% | 3.95% | 3.95% |
| ▁▁▁▁▅▆▇█ | Return on Assets (%) | 1.01% | 1.00% | 1.01% | 1.01% | 1.09% | 1.11% | 1.14% | 1.16% |
| ▇▇▇█▅▅▃▁ | Efficiency Ratio (%) | 71.6% | 71.7% | 71.6% | 72.4% | 71.1% | 71.1% | 70.2% | 69.0% |
| ▄█▇▆▇█▆▁ | Cost of Funds (%) | 1.05% | 1.14% | 1.11% | 1.08% | 1.12% | 1.14% | 1.08% | 0.96% |
| ▂▁██▆▃▁▁ | NPA / Assets (%) | 0.04% | 0.00% | 0.34% | 0.32% | 0.25% | 0.10% | 0.00% | 0.01% |
| ▂▁██▆▃▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.00% | 0.65% | 0.61% | 0.44% | 0.17% | 0.00% | 0.01% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $9 | $13 | $11 | $11 | $13 | $15 | $16 | $16 |
| ▁▂▃▃██▇█ | Gross Loans ($M) | $108 | $111 | $112 | $112 | $120 | $121 | $120 | $122 |
| ▁▁▂▄▃▃▄█ | Total Deposits ($M) | $173 | $172 | $176 | $182 | $179 | $181 | $183 | $198 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 20% |
| Agricultural | 3% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 5% |