Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.58% | -0.25 | 1.83% |
| Return on Equity (%) | ▼ | 17.00% | -7.26 | 24.26% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.01 | 3.91% |
| Efficiency Ratio (%) | ▼ | 63.14% | +6.95 | 56.19% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.28 | $2 |
| Cost of Funds (%) | ▲ | 1.28% | -0.34 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $325 | -4.55 | $329 |
| Gross Loans ($M) | ▼ | $117 | -12.89 | $130 |
| Loan Growth YoY (%) | ▼ | 39.19% | -3.13 | 42.32% |
| Total Deposits ($M) | ▼ | $294 | -8.62 | $303 |
| Shareholders Equity ($M) | ▲ | $29 | +4.02 | $25 |
| Tang. Book Value ($M) | ▲ | $29 | +4.02 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.52 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 39.19% | -3.13 | 42.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.07 | 0.31% |
| Allowance / Loans (%) | — | 1.79% | 0.15% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 1.06% | +0.28 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇▆▇█▇ | Net Interest Margin (%) | 3.71% | 3.76% | 3.75% | 3.91% | 3.89% | 3.92% | 3.96% | 3.92% |
| ▃▁▂██▇▇▄ | Return on Assets (%) | 1.51% | 1.35% | 1.43% | 1.83% | 1.80% | 1.72% | 1.74% | 1.58% |
| ▃▂▁▁▂▄▄█ | Efficiency Ratio (%) | 58.4% | 57.2% | 57.1% | 56.2% | 57.5% | 59.5% | 59.6% | 63.1% |
| ▇██▆▄▂▁▁ | Cost of Funds (%) | 1.66% | 1.75% | 1.74% | 1.62% | 1.50% | 1.40% | 1.29% | 1.28% |
| ▁▇█▃▄▆▆▄ | NPA / Assets (%) | 0.03% | 0.81% | 0.96% | 0.31% | 0.45% | 0.62% | 0.70% | 0.38% |
| ▁▇█▃▄▅▆▄ | Net Charge-Off Ratio (%) | 0.08% | 1.97% | 2.31% | 0.78% | 1.03% | 1.39% | 1.70% | 1.06% |
| ▁▄▃▅▃▆██ | Tang. Book Value ($M) | $21 | $25 | $24 | $25 | $24 | $27 | $29 | $29 |
| ▅▇█▆▆▅▃▁ | Gross Loans ($M) | $129 | $132 | $136 | $130 | $130 | $128 | $124 | $117 |
| ▇▇██▃▁▁▇ | Total Deposits ($M) | $298 | $295 | $301 | $303 | $280 | $267 | $271 | $294 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 8% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 11% |