Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.66 | 1.71% |
| Return on Equity (%) | ▼ | 12.37% | -8.30 | 20.67% |
| Net Interest Margin (%) | ▼ | 3.29% | -0.33 | 3.62% |
| Efficiency Ratio (%) | ▼ | 58.76% | +4.09 | 54.66% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 2.32% | -0.18 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $347 | +46.97 | $300 |
| Gross Loans ($M) | ▲ | $256 | +29.14 | $227 |
| Loan Growth YoY (%) | ▼ | 81.34% | -1.56 | 82.89% |
| Total Deposits ($M) | ▲ | $311 | +40.41 | $271 |
| Shareholders Equity ($M) | ▲ | $29 | +3.19 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +3.22 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.62 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 81.34% | -1.56 | 82.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.76% | +1.48 | 0.28% |
| Allowance / Loans (%) | — | 1.38% | 0.04% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 2.38% | +2.01 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇██▁ | Net Interest Margin (%) | 3.23% | 3.32% | 3.39% | 3.62% | 3.76% | 3.84% | 3.83% | 3.29% |
| █▇▃▆▇▇▄▁ | Return on Assets (%) | 1.94% | 1.75% | 1.38% | 1.71% | 1.82% | 1.79% | 1.49% | 1.05% |
| ▁▃█▂▁▁▂▅ | Efficiency Ratio (%) | 53.8% | 55.8% | 62.8% | 54.7% | 53.5% | 53.3% | 54.9% | 58.8% |
| ███▄▁▃▃▁ | Cost of Funds (%) | 2.81% | 2.76% | 2.78% | 2.49% | 2.25% | 2.44% | 2.41% | 2.32% |
| ▁▁▁▂▁▁▆█ | NPA / Assets (%) | 0.05% | 0.06% | 0.11% | 0.28% | 0.04% | 0.03% | 1.14% | 1.76% |
| ▁▁▁▂▁▁▅█ | Net Charge-Off Ratio (%) | 0.07% | 0.08% | 0.14% | 0.37% | 0.05% | 0.04% | 1.49% | 2.38% |
| ▁▄▁▄▆███ | Tang. Book Value ($M) | $22 | $24 | $22 | $24 | $25 | $27 | $27 | $27 |
| ▁▃▃▂▆███ | Gross Loans ($M) | $217 | $230 | $231 | $227 | $249 | $262 | $260 | $256 |
| ▁▁▁▂▁▃▆█ | Total Deposits ($M) | $264 | $264 | $264 | $271 | $265 | $278 | $295 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 12% |
| Agricultural | 44% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 33% |