Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.77% | -0.35 | 3.12% |
| Return on Equity (%) | ▼ | 16.66% | -4.11 | 20.77% |
| Net Interest Margin (%) | ▼ | 4.66% | -0.36 | 5.03% |
| Efficiency Ratio (%) | ▼ | 46.31% | +3.48 | 42.83% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.10 | $1 |
| Cost of Funds (%) | ▲ | 1.55% | -0.12 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $109 | -4.92 | $114 |
| Gross Loans ($M) | ▼ | $68 | -2.09 | $71 |
| Loan Growth YoY (%) | ▲ | 76.04% | +3.09 | 72.95% |
| Total Deposits ($M) | ▼ | $89 | -6.43 | $96 |
| Shareholders Equity ($M) | ▲ | $18 | +1.53 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.53 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 76.04% | +3.09 | 72.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -0.39 | 0.97% |
| Allowance / Loans (%) | — | 0.94% | -0.20% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -1.43 | 1.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▅▆▆▅▁ | Net Interest Margin (%) | 5.21% | 5.28% | 5.29% | 5.03% | 5.06% | 5.08% | 5.05% | 4.66% |
| ██▂▆▅▅▂▁ | Return on Assets (%) | 3.25% | 3.31% | 2.89% | 3.12% | 3.06% | 3.07% | 2.90% | 2.77% |
| ▂▁▃▁▃▅█▆ | Efficiency Ratio (%) | 43.6% | 42.7% | 44.2% | 42.8% | 44.6% | 45.5% | 47.9% | 46.3% |
| ▁▁█▅█▇▃▁ | Cost of Funds (%) | 1.54% | 1.52% | 1.77% | 1.67% | 1.76% | 1.72% | 1.61% | 1.55% |
| ▆▆▁▄▇█▄▂ | NPA / Assets (%) | 1.46% | 1.37% | 0.13% | 0.97% | 1.61% | 1.96% | 1.03% | 0.58% |
| ██▁▆▄▅▁▁ | Net Charge-Off Ratio (%) | 2.09% | 2.00% | 0.20% | 1.57% | 1.08% | 1.15% | 0.23% | 0.14% |
| ▁▃▃▃▅▇█▇ | Tang. Book Value ($M) | $16 | $17 | $17 | $17 | $17 | $18 | $19 | $18 |
| ▅█▆▅▁▁▁▂ | Gross Loans ($M) | $71 | $74 | $72 | $71 | $68 | $67 | $67 | $68 |
| ▁▄▄█▄▄▅▅ | Total Deposits ($M) | $82 | $87 | $88 | $96 | $88 | $88 | $90 | $89 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 13% |