Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.86% | -0.31 | 1.18% |
| Return on Equity (%) | ▼ | 7.20% | -2.82 | 10.02% |
| Net Interest Margin (%) | ▼ | 5.15% | -0.13 | 5.28% |
| Efficiency Ratio (%) | ▼ | 75.53% | +3.99 | 71.54% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.33 | $3 |
| Cost of Funds (%) | ▲ | 1.43% | -0.00 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $670 | +31.58 | $639 |
| Gross Loans ($M) | ▲ | $405 | +7.04 | $398 |
| Loan Growth YoY (%) | ▼ | 68.43% | -2.02 | 70.45% |
| Total Deposits ($M) | ▲ | $585 | +26.77 | $558 |
| Shareholders Equity ($M) | ▲ | $79 | +3.90 | $75 |
| Tang. Book Value ($M) | ▲ | $71 | +4.00 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +4.98 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 68.43% | -2.02 | 70.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.13 | 0.19% |
| Allowance / Loans (%) | — | 1.30% | -0.02% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.12 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▅▇██▁ | Net Interest Margin (%) | 5.35% | 5.38% | 5.40% | 5.28% | 5.35% | 5.40% | 5.39% | 5.15% |
| ▇██████▁ | Return on Assets (%) | 1.13% | 1.18% | 1.19% | 1.18% | 1.21% | 1.21% | 1.20% | 0.86% |
| ▂▁▁▁▁▂▁█ | Efficiency Ratio (%) | 72.2% | 71.2% | 71.3% | 71.5% | 71.6% | 72.1% | 71.7% | 75.5% |
| ▇█▆▁▁▂▂▁ | Cost of Funds (%) | 1.59% | 1.64% | 1.57% | 1.43% | 1.44% | 1.47% | 1.46% | 1.43% |
| ▂▁▁▃▁▇▅█ | NPA / Assets (%) | 0.17% | 0.15% | 0.14% | 0.19% | 0.15% | 0.27% | 0.25% | 0.32% |
| ▂▁▁▄▂▇▄█ | Net Charge-Off Ratio (%) | 0.22% | 0.19% | 0.19% | 0.30% | 0.24% | 0.37% | 0.30% | 0.43% |
| ▁▃▂▄▆█▇█ | Tang. Book Value ($M) | $63 | $66 | $65 | $67 | $69 | $71 | $70 | $71 |
| ▆▄▃▂▁▄▁█ | Gross Loans ($M) | $403 | $400 | $400 | $398 | $397 | $401 | $397 | $405 |
| ▁▁▁▃▃▃▄█ | Total Deposits ($M) | $542 | $542 | $546 | $558 | $555 | $555 | $562 | $585 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 9% |
| Agricultural | 3% |
| Consumer | 14% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 14% |