Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.39 | 0.67% |
| Return on Equity (%) | ▲ | 16.34% | +4.30 | 12.04% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.71 | 3.48% |
| Efficiency Ratio (%) | ▲ | 69.18% | -12.41 | 81.59% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.60 | $1 |
| Cost of Funds (%) | ▲ | 1.51% | -0.47 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $351 | +10.77 | $340 |
| Gross Loans ($M) | ▲ | $222 | +21.01 | $201 |
| Loan Growth YoY (%) | ▲ | 68.64% | +5.27 | 63.37% |
| Total Deposits ($M) | ▲ | $320 | +7.35 | $312 |
| Shareholders Equity ($M) | ▲ | $23 | +3.25 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +3.25 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.52 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 68.64% | +5.27 | 63.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.18 | 0.91% |
| Allowance / Loans (%) | — | 1.39% | -0.39% | 1.78% |
| Net Charge-Off Ratio (%) | ▲ | 1.14% | -0.38 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.08% | 3.08% | 3.11% | 3.48% | 3.51% | 3.69% | 3.80% | 4.19% |
| ▆▆▇▇▁▃▄█ | Return on Assets (%) | 0.46% | 0.50% | 0.58% | 0.67% | -1.06% | -0.29% | -0.06% | 1.06% |
| ██▇▇▅▃▃▁ | Efficiency Ratio (%) | 85.7% | 84.3% | 82.3% | 81.6% | 79.2% | 75.3% | 73.8% | 69.2% |
| ▆██▅▄▄▃▁ | Cost of Funds (%) | 2.04% | 2.26% | 2.27% | 1.98% | 1.86% | 1.83% | 1.73% | 1.51% |
| █▅▄▄▃▃▁▁ | NPA / Assets (%) | 1.11% | 0.96% | 0.90% | 0.91% | 0.85% | 0.85% | 0.77% | 0.74% |
| █▆▅▅▃▂▁▁ | Net Charge-Off Ratio (%) | 1.88% | 1.68% | 1.57% | 1.52% | 1.38% | 1.29% | 1.17% | 1.14% |
| ▁▆▁▄▁▅▇█ | Tang. Book Value ($M) | $17 | $21 | $18 | $20 | $18 | $21 | $22 | $23 |
| ▁▁▁▃▄███ | Gross Loans ($M) | $192 | $195 | $195 | $201 | $206 | $223 | $221 | $222 |
| ▁█▅▁▄▆▆▆ | Total Deposits ($M) | $313 | $323 | $319 | $312 | $317 | $319 | $320 | $320 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 15% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |