Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.96% | +0.47 | 1.48% |
| Return on Equity (%) | ▲ | 16.59% | +3.27 | 13.32% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.38 | 3.45% |
| Efficiency Ratio (%) | ▲ | 54.86% | -8.24 | 63.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $1 |
| Cost of Funds (%) | ▲ | 1.76% | -0.08 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $306 | +7.95 | $298 |
| Gross Loans ($M) | ▲ | $166 | +1.00 | $165 |
| Loan Growth YoY (%) | ▼ | 62.10% | -3.52 | 65.63% |
| Total Deposits ($M) | ▲ | $261 | +14.14 | $247 |
| Shareholders Equity ($M) | ▲ | $35 | +0.84 | $34 |
| Tang. Book Value ($M) | ▲ | $35 | +0.84 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +0.48 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 62.10% | -3.52 | 65.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.17% | -2.21 | 3.38% |
| Allowance / Loans (%) | — | 2.39% | 0.54% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 2.16% | -3.95 | 6.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▁▁▃▄▅▇█ | Net Interest Margin (%) | 3.52% | 3.34% | 3.31% | 3.45% | 3.55% | 3.60% | 3.74% | 3.82% |
| ▂▁▁▂▂▂▃█ | Return on Assets (%) | 1.48% | 1.34% | 1.33% | 1.48% | 1.43% | 1.48% | 1.54% | 1.96% |
| ▆████▇▆▁ | Efficiency Ratio (%) | 61.8% | 64.0% | 64.2% | 63.1% | 63.4% | 63.1% | 61.6% | 54.9% |
| ▇█▆▃▁▂▁▁ | Cost of Funds (%) | 1.94% | 1.98% | 1.91% | 1.84% | 1.76% | 1.79% | 1.77% | 1.76% |
| ▁███▇▆▃▃ | NPA / Assets (%) | 0.36% | 3.42% | 3.44% | 3.38% | 2.69% | 2.42% | 1.43% | 1.17% |
| ▁███▆▅▃▃ | Net Charge-Off Ratio (%) | 0.66% | 6.16% | 6.57% | 6.11% | 4.73% | 4.19% | 2.67% | 2.16% |
| ▁▅▁▄▆██▅ | Tang. Book Value ($M) | $32 | $35 | $33 | $34 | $36 | $37 | $37 | $35 |
| ▁▃▁▃█▇▃▃ | Gross Loans ($M) | $162 | $165 | $161 | $165 | $175 | $173 | $166 | $166 |
| ▄▂█▂▄▁▇█ | Total Deposits ($M) | $252 | $247 | $260 | $247 | $251 | $244 | $258 | $261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 23% |