Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.94% | -1.03 | 1.97% |
| Return on Equity (%) | ▼ | 11.96% | -17.40 | 29.36% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.07 | 3.26% |
| Efficiency Ratio (%) | ▼ | 68.63% | +3.56 | 65.07% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.09% | -0.05 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +12.25 | $371 |
| Gross Loans ($M) | ▲ | $176 | +6.34 | $170 |
| Loan Growth YoY (%) | ▲ | 49.30% | +0.62 | 48.68% |
| Total Deposits ($M) | ▲ | $353 | +8.56 | $345 |
| Shareholders Equity ($M) | ▲ | $28 | +3.37 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +3.37 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +4.00 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 49.30% | +0.62 | 48.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.55 | 0.87% |
| Allowance / Loans (%) | — | 1.30% | -0.06% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -1.19 | 1.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.38% | -0.52 | 16.90% |
Noninterest income ($0.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇████ | Net Interest Margin (%) | 2.97% | 2.98% | 3.00% | 3.26% | 3.29% | 3.32% | 3.33% | 3.32% |
| ▁▂▂█▆██▁ | Return on Assets (%) | 1.05% | 1.18% | 1.13% | 1.97% | 1.73% | 1.93% | 2.00% | 0.94% |
| ███▁▃▁▁▄ | Efficiency Ratio (%) | 74.4% | 73.6% | 73.6% | 65.1% | 67.0% | 64.1% | 64.0% | 68.6% |
| ▄▇█▂▃▁▂▁ | Cost of Funds (%) | 1.17% | 1.26% | 1.30% | 1.13% | 1.14% | 1.10% | 1.12% | 1.09% |
| ▇█▇▇▂▂▁▁ | NPA / Assets (%) | 0.89% | 1.03% | 0.92% | 0.87% | 0.48% | 0.43% | 0.37% | 0.33% |
| ▇███▂▂▁▁ | Net Charge-Off Ratio (%) | 1.77% | 2.06% | 1.95% | 1.90% | 1.03% | 0.89% | 0.82% | 0.71% |
| ▁▅▂▃▂▆█▆ | Tang. Book Value ($M) | $23 | $28 | $24 | $25 | $25 | $29 | $31 | $28 |
| ██▁▁▁▄▄█ | Gross Loans ($M) | $176 | $177 | $170 | $170 | $171 | $173 | $173 | $176 |
| ▃▁▅▇▆▄▇█ | Total Deposits ($M) | $327 | $314 | $334 | $345 | $339 | $331 | $344 | $353 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 20% |
| Agricultural | 3% |
| Consumer | 13% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |