Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.51 | 0.51% |
| Return on Equity (%) | ▲ | 10.55% | +4.47 | 6.08% |
| Net Interest Margin (%) | ▲ | 2.67% | +0.43 | 2.24% |
| Efficiency Ratio (%) | ▲ | 60.10% | -13.09 | 73.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.77 | $1 |
| Cost of Funds (%) | ▲ | 1.46% | -0.37 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $552 | +10.87 | $541 |
| Gross Loans ($M) | ▼ | $181 | -1.55 | $182 |
| Loan Growth YoY (%) | ▼ | 36.15% | -3.58 | 39.73% |
| Total Deposits ($M) | ▲ | $495 | +40.64 | $455 |
| Shareholders Equity ($M) | ▲ | $52 | +3.86 | $48 |
| Tang. Book Value ($M) | ▲ | $52 | +3.86 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +2.72 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 36.15% | -3.58 | 39.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.23 | 0.47% |
| Allowance / Loans (%) | — | 0.87% | 0.02% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 2.14% | +0.79 | 1.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.88% | 1.88% | 1.93% | 2.24% | 2.28% | 2.34% | 2.43% | 2.67% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 0.36% | 0.37% | 0.41% | 0.51% | 0.60% | 0.63% | 0.64% | 1.03% |
| ███▆▆▅▄▁ | Efficiency Ratio (%) | 79.1% | 78.6% | 77.0% | 73.2% | 72.3% | 71.7% | 69.1% | 60.1% |
| ██▇▅▅▄▂▁ | Cost of Funds (%) | 2.11% | 2.12% | 2.01% | 1.83% | 1.85% | 1.77% | 1.60% | 1.46% |
| ▁▁▂▂▅███ | NPA / Assets (%) | 0.42% | 0.45% | 0.47% | 0.47% | 0.57% | 0.67% | 0.68% | 0.70% |
| ▁▂▂▂▅▇██ | Net Charge-Off Ratio (%) | 1.13% | 1.34% | 1.37% | 1.36% | 1.66% | 1.93% | 2.02% | 2.14% |
| ▁▆▁▄▄██▆ | Tang. Book Value ($M) | $44 | $52 | $44 | $48 | $48 | $54 | $55 | $52 |
| █▃▂▄▅▇▂▁ | Gross Loans ($M) | $184 | $182 | $181 | $182 | $183 | $184 | $181 | $181 |
| ▄▂▂▂▁▂▇█ | Total Deposits ($M) | $466 | $453 | $455 | $455 | $443 | $456 | $483 | $495 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 4% |
| Agricultural | 4% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 39% |
| Brokered / Other | 42% |