Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.13 | 0.82% |
| Return on Equity (%) | ▲ | 8.40% | +0.40 | 8.00% |
| Net Interest Margin (%) | ▲ | 2.92% | +0.28 | 2.64% |
| Efficiency Ratio (%) | ▲ | 60.19% | -2.48 | 62.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.58% | -0.32 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $323 | +0.21 | $323 |
| Gross Loans ($M) | ▲ | $188 | +6.35 | $182 |
| Loan Growth YoY (%) | ▲ | 66.06% | +3.09 | 62.97% |
| Total Deposits ($M) | ▼ | $282 | -3.72 | $285 |
| Shareholders Equity ($M) | ▲ | $37 | +3.42 | $33 |
| Tang. Book Value ($M) | ▲ | $35 | +3.46 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.72 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 66.06% | +3.09 | 62.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.23% | +0.43 | 1.80% |
| Allowance / Loans (%) | — | 1.23% | -0.05% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 3.82% | +0.63 | 3.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▁▃▄█ | Net Interest Margin (%) | 2.33% | 2.39% | 2.41% | 2.64% | 2.33% | 2.48% | 2.57% | 2.92% |
| ▂▂▁▆▂▃▄█ | Return on Assets (%) | 0.51% | 0.53% | 0.43% | 0.82% | 0.52% | 0.62% | 0.65% | 0.95% |
| ▇▅▇▂█▆▆▁ | Efficiency Ratio (%) | 72.4% | 68.6% | 71.6% | 62.7% | 74.7% | 70.5% | 69.3% | 60.2% |
| ▆██▅▄▄▂▁ | Cost of Funds (%) | 1.94% | 2.07% | 2.12% | 1.90% | 1.85% | 1.79% | 1.66% | 1.58% |
| ▁▁▂▆████ | NPA / Assets (%) | 0.03% | 0.09% | 0.33% | 1.80% | 2.29% | 2.40% | 2.21% | 2.23% |
| ▁▁▂▇████ | Net Charge-Off Ratio (%) | 0.06% | 0.14% | 0.55% | 3.19% | 3.90% | 3.84% | 3.80% | 3.82% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $29 | $31 | $30 | $31 | $32 | $34 | $34 | $35 |
| ▄█▅▁▃▅▃▃ | Gross Loans ($M) | $190 | $201 | $192 | $182 | $187 | $192 | $188 | $188 |
| ▁▂▇█▇▄█▇ | Total Deposits ($M) | $256 | $260 | $281 | $285 | $280 | $268 | $282 | $282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 6% |
| Agricultural | 19% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 14% |