Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.25 | 0.14% |
| Return on Equity (%) | ▲ | 5.92% | +3.44 | 2.48% |
| Net Interest Margin (%) | ▲ | 3.04% | +0.55 | 2.49% |
| Efficiency Ratio (%) | ▲ | 86.62% | -14.88 | 101.50% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.34 | $-0 |
| Cost of Funds (%) | ▲ | 1.94% | -0.46 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $288 | -3.09 | $291 |
| Gross Loans ($M) | ▲ | $152 | +2.40 | $150 |
| Loan Growth YoY (%) | ▲ | 56.60% | +2.02 | 54.58% |
| Total Deposits ($M) | ▼ | $266 | -5.40 | $271 |
| Shareholders Equity ($M) | ▲ | $19 | +2.39 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.47 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +2.14 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 56.60% | +2.02 | 54.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.61% | +1.32 | 0.28% |
| Allowance / Loans (%) | — | 1.43% | -0.04% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 2.97% | +2.42 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▂▁▂▂▃█ | Net Interest Margin (%) | 2.70% | 2.61% | 2.59% | 2.49% | 2.58% | 2.62% | 2.66% | 3.04% |
| ▆▆▅▁▁▁▁█ | Return on Assets (%) | 0.32% | 0.31% | 0.29% | 0.14% | 0.15% | 0.14% | 0.16% | 0.39% |
| ▂▂▂█▇▇▆▁ | Efficiency Ratio (%) | 89.2% | 89.9% | 90.2% | 101.5% | 99.0% | 98.2% | 97.2% | 86.6% |
| ▄███▇▆▆▁ | Cost of Funds (%) | 2.15% | 2.37% | 2.39% | 2.40% | 2.31% | 2.27% | 2.26% | 1.94% |
| ▂▂▁▁▂███ | NPA / Assets (%) | 0.49% | 0.45% | 0.27% | 0.28% | 0.56% | 1.49% | 1.64% | 1.61% |
| ▂▂▁▁▂███ | Net Charge-Off Ratio (%) | 0.93% | 0.87% | 0.52% | 0.55% | 1.05% | 2.72% | 2.97% | 2.97% |
| ▁▆▂▂▃▆██ | Tang. Book Value ($M) | $15 | $18 | $16 | $16 | $16 | $18 | $19 | $19 |
| ▁▄▄▄▆██▆ | Gross Loans ($M) | $145 | $150 | $150 | $150 | $153 | $156 | $155 | $152 |
| ▂▁▁█▆▅▅▇ | Total Deposits ($M) | $241 | $232 | $231 | $271 | $260 | $251 | $252 | $266 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 15% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |