Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.04 | 0.55% |
| Return on Equity (%) | ▲ | 6.08% | +0.95 | 5.13% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.26 | 3.79% |
| Efficiency Ratio (%) | ▼ | 82.35% | +0.37 | 81.98% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $0 |
| Cost of Funds (%) | ▲ | 2.00% | -0.25 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $209 | +48.26 | $161 |
| Gross Loans ($M) | ▲ | $137 | +6.74 | $130 |
| Loan Growth YoY (%) | ▼ | 73.04% | -20.96 | 94.00% |
| Total Deposits ($M) | ▲ | $184 | +48.31 | $136 |
| Shareholders Equity ($M) | ▲ | $20 | +3.50 | $17 |
| Tang. Book Value ($M) | ▲ | $16 | +1.53 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 73.04% | -20.96 | 94.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.60% | -0.17 | 0.77% |
| Allowance / Loans (%) | — | 1.49% | -0.08% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.03 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.36% | +10.36 | 0.00% |
Noninterest income ($0.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▂▃▁▅▆█ | Net Interest Margin (%) | 3.81% | 3.79% | 3.78% | 3.79% | 3.69% | 3.88% | 3.96% | 4.05% |
| ▅██▄▄▁▂▅ | Return on Assets (%) | 0.57% | 0.68% | 0.67% | 0.55% | 0.53% | 0.44% | 0.48% | 0.58% |
| █▁▂▅▆▁▆▆ | Efficiency Ratio (%) | 83.0% | 80.9% | 81.1% | 82.0% | 82.4% | 80.8% | 82.3% | 82.3% |
| ▁▄▅▄█▂▃▁ | Cost of Funds (%) | 1.97% | 2.20% | 2.28% | 2.26% | 2.54% | 2.10% | 2.15% | 2.00% |
| ███▃▂▁▂▁ | NPA / Assets (%) | 1.08% | 1.06% | 1.03% | 0.77% | 0.70% | 0.63% | 0.66% | 0.60% |
| ███▂▁▂▄▁ | Net Charge-Off Ratio (%) | 1.19% | 1.16% | 1.17% | 0.95% | 0.91% | 0.96% | 1.01% | 0.92% |
| ▁▂▂▃▁▇██ | Tang. Book Value ($M) | $14 | $14 | $14 | $14 | $14 | $15 | $16 | $16 |
| ▁▃▅▄▂▆██ | Gross Loans ($M) | $124 | $128 | $131 | $130 | $127 | $133 | $137 | $137 |
| ▁▁▂▃▄▇██ | Total Deposits ($M) | $110 | $116 | $127 | $136 | $143 | $175 | $184 | $184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 36% |
| Agricultural | 3% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 9% |