Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.41% | +1.43 | -1.02% |
| Return on Equity (%) | ▲ | 2.08% | +7.68 | -5.60% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.13 | 3.35% |
| Efficiency Ratio (%) | ▲ | 94.40% | -23.29 | 117.70% |
| Pre-Provision Profit ($M) | ▲ | $0 | +1.42 | $-1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.27 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $329 | -18.76 | $348 |
| Gross Loans ($M) | ▼ | $93 | -18.18 | $111 |
| Loan Growth YoY (%) | ▼ | 35.77% | -5.68 | 41.45% |
| Total Deposits ($M) | ▼ | $251 | -8.27 | $259 |
| Shareholders Equity ($M) | ▼ | $65 | -0.13 | $65 |
| Tang. Book Value ($M) | ▲ | $48 | +1.94 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +2.16 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 35.77% | -5.68 | 41.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.12% | +0.04 | 1.08% |
| Allowance / Loans (%) | — | 3.25% | 0.06% | 3.19% |
| Net Charge-Off Ratio (%) | ▼ | 3.79% | +0.40 | 3.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.55% | +1.38 | 23.17% |
Noninterest income ($2.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▆██▅ | Net Interest Margin (%) | 3.57% | 3.54% | 3.54% | 3.35% | 3.49% | 3.55% | 3.55% | 3.47% |
| ▃▂▅▁▁▄▅█ | Return on Assets (%) | -0.50% | -0.76% | -0.18% | -1.02% | -0.88% | -0.39% | -0.25% | 0.41% |
| ▂▃▂██▅▅▁ | Efficiency Ratio (%) | 100.1% | 102.9% | 99.3% | 117.7% | 117.3% | 108.9% | 107.4% | 94.4% |
| ██▇▆▅▃▃▁ | Cost of Funds (%) | 1.41% | 1.38% | 1.34% | 1.28% | 1.21% | 1.15% | 1.15% | 1.01% |
| ▄▁▅█▇▇██ | NPA / Assets (%) | 0.89% | 0.74% | 0.95% | 1.08% | 1.03% | 1.05% | 1.12% | 1.12% |
| ▁▁▆▇▇▇▇█ | Net Charge-Off Ratio (%) | 1.75% | 1.86% | 3.14% | 3.39% | 3.30% | 3.30% | 3.52% | 3.79% |
| ▁▁██████ | Tang. Book Value ($M) | $27 | $27 | $47 | $46 | $46 | $48 | $48 | $48 |
| █▆▂▂▁▂▁▁ | Gross Loans ($M) | $200 | $160 | $114 | $111 | $105 | $108 | $100 | $93 |
| ▇█▆▂▁▂▁▁ | Total Deposits ($M) | $294 | $301 | $282 | $259 | $255 | $257 | $249 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 9% |
| Agricultural | 14% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 8% |