Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.29 | 0.91% |
| Return on Equity (%) | ▼ | 4.49% | -2.79 | 7.28% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.41 | 3.32% |
| Efficiency Ratio (%) | ▼ | 85.23% | +9.77 | 75.45% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.20 | $1 |
| Cost of Funds (%) | ▲ | 0.43% | -0.34 | 0.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $214 | -6.36 | $221 |
| Gross Loans ($M) | ▼ | $93 | -7.75 | $100 |
| Loan Growth YoY (%) | ▼ | 48.98% | -2.11 | 51.09% |
| Total Deposits ($M) | ▼ | $185 | -7.02 | $192 |
| Shareholders Equity ($M) | ▲ | $29 | +0.93 | $28 |
| Tang. Book Value ($M) | ▲ | $29 | +0.93 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +0.70 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 48.98% | -2.11 | 51.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.02% | +0.02 | 1.01% |
| Allowance / Loans (%) | — | 2.39% | -0.08% | 2.47% |
| Net Charge-Off Ratio (%) | ▼ | 2.33% | +0.12 | 2.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.09% | 3.08% | 3.12% | 3.32% | 3.38% | 3.46% | 3.55% | 3.73% |
| ▇█▁█▁▁▁▂ | Return on Assets (%) | 0.86% | 0.95% | 0.55% | 0.91% | 0.59% | 0.59% | 0.58% | 0.62% |
| █▄▇▁▇▇██ | Efficiency Ratio (%) | 84.6% | 79.3% | 83.7% | 75.5% | 83.1% | 83.3% | 84.5% | 85.2% |
| ██▆▅▅▃▁▁ | Cost of Funds (%) | 0.96% | 0.97% | 0.83% | 0.77% | 0.72% | 0.61% | 0.47% | 0.43% |
| ▅█▄▁▂▁▁▁ | NPA / Assets (%) | 1.24% | 1.44% | 1.17% | 1.01% | 1.07% | 1.05% | 1.06% | 1.02% |
| ▁█▇▁▃▃▂▃ | Net Charge-Off Ratio (%) | 2.16% | 2.64% | 2.56% | 2.21% | 2.33% | 2.30% | 2.23% | 2.33% |
| ▁▄▂▄▅▇▇█ | Tang. Book Value ($M) | $28 | $28 | $28 | $28 | $28 | $29 | $29 | $29 |
| █▇▆▄▄▂▄▁ | Gross Loans ($M) | $110 | $107 | $105 | $100 | $100 | $97 | $99 | $93 |
| ▄▄█▅▄▂▁▂ | Total Deposits ($M) | $189 | $189 | $200 | $192 | $189 | $183 | $180 | $185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 2% |