Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.28% | +0.12 | 3.16% |
| Return on Equity (%) | ▼ | 22.99% | -2.12 | 25.11% |
| Net Interest Margin (%) | ▼ | 5.10% | -0.21 | 5.31% |
| Efficiency Ratio (%) | ▲ | 42.18% | -1.56 | 43.73% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.52 | $2 |
| Cost of Funds (%) | ▼ | 0.97% | +0.04 | 0.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $287 | +64.60 | $222 |
| Gross Loans ($M) | ▲ | $201 | +35.51 | $166 |
| Loan Growth YoY (%) | ▼ | 81.19% | -3.52 | 84.71% |
| Total Deposits ($M) | ▲ | $244 | +51.36 | $193 |
| Shareholders Equity ($M) | ▲ | $41 | +12.85 | $29 |
| Tang. Book Value ($M) | ▲ | $41 | +12.87 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +13.01 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 81.19% | -3.52 | 84.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.99% | -0.08 | 1.07% |
| Allowance / Loans (%) | — | 1.38% | 0.08% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.27 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇█▂▁ | Net Interest Margin (%) | 5.09% | 5.14% | 5.17% | 5.31% | 5.45% | 5.52% | 5.17% | 5.10% |
| ▃▄▁▆██▅▇ | Return on Assets (%) | 2.80% | 2.84% | 2.43% | 3.16% | 3.36% | 3.41% | 3.04% | 3.28% |
| █▇█▄▁▁▅▂ | Efficiency Ratio (%) | 47.7% | 47.3% | 48.7% | 43.7% | 40.7% | 41.4% | 45.5% | 42.2% |
| ▁▂▂▁▂▂█▁ | Cost of Funds (%) | 0.89% | 1.04% | 1.00% | 0.93% | 1.02% | 1.02% | 1.77% | 0.97% |
| █▇▂▂▄▃▁▂ | NPA / Assets (%) | 1.67% | 1.56% | 1.08% | 1.07% | 1.20% | 1.13% | 0.88% | 0.99% |
| █▅▁▁▃▁▃▆ | Net Charge-Off Ratio (%) | 0.39% | 0.23% | 0.00% | 0.00% | 0.11% | 0.05% | 0.11% | 0.27% |
| ▁▁▁▁▂▃██ | Tang. Book Value ($M) | $27 | $28 | $27 | $29 | $29 | $31 | $40 | $41 |
| ▁▁▁▂▃▃██ | Gross Loans ($M) | $158 | $164 | $161 | $166 | $170 | $174 | $199 | $201 |
| ▁▁▂▂▁▁██ | Total Deposits ($M) | $187 | $182 | $195 | $193 | $183 | $185 | $243 | $244 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 28% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 11% |