Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.02% | +0.81 | 2.21% |
| Return on Equity (%) | ▲ | 10.22% | +2.71 | 7.51% |
| Net Interest Margin (%) | ▲ | 4.94% | +0.42 | 4.52% |
| Efficiency Ratio (%) | ▲ | 38.89% | -7.31 | 46.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 0.96% | -0.15 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $236 | +13.98 | $222 |
| Gross Loans ($M) | ▲ | $116 | +4.67 | $111 |
| Loan Growth YoY (%) | ▼ | 70.26% | -1.26 | 71.52% |
| Total Deposits ($M) | ▲ | $163 | +9.42 | $154 |
| Shareholders Equity ($M) | ▲ | $70 | +4.34 | $65 |
| Tang. Book Value ($M) | ▲ | $70 | +4.34 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +4.52 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 70.26% | -1.26 | 71.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.27% | -0.58 | 1.85% |
| Allowance / Loans (%) | — | 0.92% | -0.05% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 2.52% | -1.17 | 3.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▄▇█▇ | Net Interest Margin (%) | 4.56% | 4.60% | 4.64% | 4.52% | 4.71% | 4.93% | 5.01% | 4.94% |
| ▄▄▁▄▁▃▁█ | Return on Assets (%) | 2.10% | 2.08% | 1.49% | 2.21% | 1.58% | 2.01% | 1.60% | 3.02% |
| ▄▄█▃▄▃▇▁ | Efficiency Ratio (%) | 48.8% | 47.9% | 59.3% | 46.2% | 47.5% | 46.3% | 54.4% | 38.9% |
| ▄▄█▇▅▅▃▁ | Cost of Funds (%) | 1.05% | 1.06% | 1.16% | 1.11% | 1.08% | 1.06% | 1.02% | 0.96% |
| ▅▆▆█▅▁▂▃ | NPA / Assets (%) | 1.51% | 1.56% | 1.59% | 1.85% | 1.48% | 1.05% | 1.19% | 1.27% |
| ▆▆▆█▄▁▂▃ | Net Charge-Off Ratio (%) | 3.09% | 3.13% | 3.19% | 3.70% | 2.84% | 2.04% | 2.35% | 2.52% |
| ▁▂▁▃▄▆▇█ | Tang. Book Value ($M) | $63 | $65 | $64 | $65 | $66 | $68 | $68 | $70 |
| ▁▄▄▆▇███ | Gross Loans ($M) | $101 | $107 | $108 | $111 | $113 | $114 | $114 | $116 |
| ▁▃▃▄▄▅▇█ | Total Deposits ($M) | $145 | $151 | $150 | $154 | $154 | $156 | $160 | $163 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |