Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.24 | 0.58% |
| Return on Equity (%) | ▲ | 7.85% | +2.04 | 5.81% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.19 | 2.81% |
| Efficiency Ratio (%) | ▲ | 69.82% | -9.31 | 79.13% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 1.44% | -0.06 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $196 | +14.26 | $182 |
| Gross Loans ($M) | ▲ | $94 | +4.46 | $89 |
| Loan Growth YoY (%) | ▼ | 53.13% | -1.97 | 55.10% |
| Total Deposits ($M) | ▲ | $174 | +13.91 | $160 |
| Shareholders Equity ($M) | ▲ | $21 | +2.14 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +2.17 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +2.09 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 53.13% | -1.97 | 55.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.50 | 0.76% |
| Allowance / Loans (%) | — | 1.52% | 0.17% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -1.00 | 1.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅▁█▇▇▇ | Net Interest Margin (%) | 3.01% | 2.99% | 2.94% | 2.81% | 3.05% | 3.01% | 3.00% | 3.00% |
| █▇▆▁▅▄▅█ | Return on Assets (%) | 0.79% | 0.78% | 0.74% | 0.58% | 0.73% | 0.68% | 0.72% | 0.82% |
| ▁▁▂█▃▄▂▁ | Efficiency Ratio (%) | 69.7% | 70.7% | 71.7% | 79.1% | 72.8% | 73.4% | 71.4% | 69.8% |
| ▁▂█▇█▆█▆ | Cost of Funds (%) | 1.14% | 1.24% | 1.57% | 1.50% | 1.55% | 1.46% | 1.57% | 1.44% |
| ████▁▁▁▂ | NPA / Assets (%) | 0.82% | 0.83% | 0.83% | 0.76% | 0.11% | 0.17% | 0.12% | 0.26% |
| ███▇▁▁▁▂ | Net Charge-Off Ratio (%) | 1.77% | 1.74% | 1.70% | 1.54% | 0.22% | 0.36% | 0.25% | 0.54% |
| ▁▅▁▃▄▇██ | Tang. Book Value ($M) | $17 | $19 | $17 | $18 | $18 | $20 | $21 | $20 |
| ▁▄▅▆▆▇██ | Gross Loans ($M) | $77 | $85 | $86 | $89 | $89 | $91 | $93 | $94 |
| ▁▃▃▄▄▆██ | Total Deposits ($M) | $147 | $156 | $155 | $160 | $159 | $167 | $176 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |