Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.47% | +0.65 | 1.82% |
| Return on Equity (%) | ▲ | 29.89% | +3.11 | 26.78% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.13 | 4.01% |
| Efficiency Ratio (%) | ▲ | 43.63% | -10.25 | 53.89% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.74 | $2 |
| Cost of Funds (%) | ▲ | 1.48% | -0.09 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +40.65 | $341 |
| Gross Loans ($M) | ▲ | $211 | +6.95 | $204 |
| Loan Growth YoY (%) | ▼ | 59.99% | -4.04 | 64.03% |
| Total Deposits ($M) | ▲ | $347 | +32.77 | $314 |
| Shareholders Equity ($M) | ▲ | $32 | +7.93 | $24 |
| Tang. Book Value ($M) | ▲ | $32 | +7.93 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +10.01 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 59.99% | -4.04 | 64.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.35% | -0.18 | 1.54% |
| Allowance / Loans (%) | — | 1.16% | -0.04% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 2.27% | -0.09 | 2.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇▇█ | Net Interest Margin (%) | 3.82% | 3.83% | 3.91% | 4.01% | 4.04% | 4.08% | 4.10% | 4.14% |
| ▁▂▁▁▄▅▃█ | Return on Assets (%) | 1.81% | 1.84% | 1.75% | 1.82% | 2.05% | 2.13% | 2.00% | 2.47% |
| ▇▆██▅▅▇▁ | Efficiency Ratio (%) | 52.4% | 51.5% | 54.6% | 53.9% | 50.2% | 49.6% | 52.5% | 43.6% |
| ▁▃█▅▇▆▆▁ | Cost of Funds (%) | 1.48% | 1.52% | 1.63% | 1.57% | 1.60% | 1.58% | 1.59% | 1.48% |
| ███▅▄▃▃▁ | NPA / Assets (%) | 1.70% | 1.70% | 1.70% | 1.54% | 1.49% | 1.46% | 1.44% | 1.35% |
| ██▇▂▁▂▁▁ | Net Charge-Off Ratio (%) | 2.87% | 2.90% | 2.81% | 2.36% | 2.35% | 2.42% | 2.32% | 2.27% |
| ▁▄▁▃▄▇▇█ | Tang. Book Value ($M) | $21 | $25 | $21 | $24 | $26 | $30 | $31 | $32 |
| ▁▄▅▆▆▇██ | Gross Loans ($M) | $188 | $197 | $202 | $204 | $205 | $207 | $209 | $211 |
| ▁▃▃▃▅▇██ | Total Deposits ($M) | $295 | $309 | $309 | $314 | $324 | $339 | $348 | $347 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 19% |
| Agricultural | 2% |
| Consumer | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |