Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.76% | -0.24 | 1.00% |
| Return on Equity (%) | ▼ | 12.48% | -7.51 | 19.99% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.36 | 3.96% |
| Efficiency Ratio (%) | ▼ | 81.50% | +5.05 | 76.46% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.84% | -0.23 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $190 | -5.90 | $195 |
| Gross Loans ($M) | ▼ | $125 | -7.45 | $133 |
| Loan Growth YoY (%) | ▼ | 74.30% | -5.23 | 79.53% |
| Total Deposits ($M) | ▲ | $167 | +1.58 | $166 |
| Shareholders Equity ($M) | ▲ | $11 | +1.22 | $10 |
| Tang. Book Value ($M) | ▲ | $11 | +1.22 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.37 | $12 |
| Loan / Deposit Ratio (%) | ▼ | 74.30% | -5.23 | 79.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.33% | +0.36 | 0.97% |
| Allowance / Loans (%) | — | 0.68% | 0.06% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 1.82% | +0.58 | 1.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.12% | +0.03 | 20.09% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▇██ | Net Interest Margin (%) | 3.76% | 3.77% | 3.80% | 3.96% | 4.14% | 4.18% | 4.29% | 4.32% |
| █▆▅▂▄▄▃▁ | Return on Assets (%) | 1.74% | 1.43% | 1.30% | 1.00% | 1.13% | 1.15% | 1.11% | 0.76% |
| ▄▅▅▃▁▁▂█ | Efficiency Ratio (%) | 77.2% | 78.1% | 78.1% | 76.5% | 74.5% | 74.3% | 75.7% | 81.5% |
| ▆██▅▂▂▁▁ | Cost of Funds (%) | 2.12% | 2.22% | 2.22% | 2.08% | 1.91% | 1.92% | 1.87% | 1.84% |
| ▁▂▃▃▆█▇▇ | NPA / Assets (%) | 0.66% | 0.83% | 0.92% | 0.97% | 1.22% | 1.54% | 1.42% | 1.33% |
| ▁▂▃▃▅██▇ | Net Charge-Off Ratio (%) | 0.79% | 1.01% | 1.15% | 1.25% | 1.62% | 2.13% | 1.99% | 1.82% |
| ▁▅▁▃▅▇█▇ | Tang. Book Value ($M) | $9 | $10 | $9 | $10 | $10 | $11 | $12 | $11 |
| ▂▄██▅▄▁▁ | Gross Loans ($M) | $126 | $128 | $132 | $133 | $129 | $128 | $124 | $125 |
| ▂▁▄▆██▇▇ | Total Deposits ($M) | $157 | $155 | $162 | $166 | $169 | $170 | $167 | $167 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 7% |
| Agricultural | 11% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |