Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.17 | 1.24% |
| Return on Equity (%) | ▲ | 14.32% | +0.29 | 14.03% |
| Net Interest Margin (%) | ▼ | 4.48% | -0.31 | 4.80% |
| Efficiency Ratio (%) | ▲ | 69.68% | -3.92 | 73.60% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 2.25% | -0.17 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $293 | +2.72 | $291 |
| Gross Loans ($M) | ▼ | $217 | -8.09 | $225 |
| Loan Growth YoY (%) | ▼ | 82.74% | -2.94 | 85.68% |
| Total Deposits ($M) | ▼ | $260 | -0.49 | $260 |
| Shareholders Equity ($M) | ▲ | $29 | +2.92 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +3.01 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 82.74% | -2.94 | 85.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.91% | +0.77 | 2.14% |
| Allowance / Loans (%) | — | 1.18% | 0.02% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 3.58% | +1.13 | 2.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂█▇█▇▂ | Net Interest Margin (%) | 4.51% | 4.44% | 4.52% | 4.80% | 4.73% | 4.76% | 4.73% | 4.48% |
| ▇▆▁▆█▇▆█ | Return on Assets (%) | 1.32% | 1.18% | 0.78% | 1.24% | 1.38% | 1.30% | 1.18% | 1.41% |
| ▆██▆▄▅▅▁ | Efficiency Ratio (%) | 73.3% | 75.0% | 75.0% | 73.6% | 71.8% | 72.8% | 72.9% | 69.7% |
| ▁██▂▄▅▃▁ | Cost of Funds (%) | 2.34% | 2.91% | 3.00% | 2.41% | 2.53% | 2.70% | 2.50% | 2.25% |
| ▁▅█▁▁▂▆█ | NPA / Assets (%) | 2.05% | 2.58% | 2.90% | 2.14% | 2.05% | 2.19% | 2.65% | 2.91% |
| ▃▇█▂▁▁▆█ | Net Charge-Off Ratio (%) | 2.64% | 3.39% | 3.78% | 2.45% | 2.17% | 2.22% | 3.28% | 3.58% |
| ▁▂▂▄▆▇▇█ | Tang. Book Value ($M) | $23 | $24 | $24 | $25 | $26 | $27 | $28 | $28 |
| ▄▅▂▆█▇▁▄ | Gross Loans ($M) | $219 | $222 | $212 | $225 | $237 | $230 | $204 | $217 |
| ▂█▁▆▅▁▂▆ | Total Deposits ($M) | $251 | $264 | $248 | $260 | $258 | $250 | $252 | $260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 5% |
| Agricultural | 20% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 17% |