Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.41% | -0.13 | 0.54% |
| Return on Equity (%) | ▼ | 5.20% | -2.25 | 7.45% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.10 | 3.85% |
| Efficiency Ratio (%) | ▼ | 85.11% | +6.16 | 78.94% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.07 | $0 |
| Cost of Funds (%) | ▲ | 1.26% | -0.24 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $162 | +5.83 | $156 |
| Gross Loans ($M) | ▼ | $112 | -1.98 | $114 |
| Loan Growth YoY (%) | ▼ | 74.66% | -3.74 | 78.40% |
| Total Deposits ($M) | ▲ | $149 | +4.54 | $144 |
| Shareholders Equity ($M) | ▲ | $13 | +1.26 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.26 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +1.00 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 74.66% | -3.74 | 78.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.03 | 0.44% |
| Allowance / Loans (%) | — | 0.87% | 0.03% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.07 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.89% | -0.10 | 13.99% |
Noninterest income ($0.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▆▅▇█ | Net Interest Margin (%) | 3.37% | 3.35% | 3.37% | 3.85% | 3.75% | 3.72% | 3.81% | 3.95% |
| ▁▂▂▇▃█▅▁ | Return on Assets (%) | 0.41% | 0.45% | 0.45% | 0.54% | 0.45% | 0.57% | 0.51% | 0.41% |
| ▆▅▅▁▅▁▄█ | Efficiency Ratio (%) | 83.1% | 82.1% | 82.2% | 78.9% | 82.4% | 79.3% | 81.7% | 85.1% |
| ▇██▅▆▅▄▁ | Cost of Funds (%) | 1.60% | 1.70% | 1.68% | 1.50% | 1.54% | 1.49% | 1.45% | 1.26% |
| ▆▄▃▁▇▁█▁ | NPA / Assets (%) | 0.62% | 0.57% | 0.50% | 0.44% | 0.68% | 0.43% | 0.73% | 0.42% |
| ▅▄▃▁▆▁█▃ | Net Charge-Off Ratio (%) | 0.76% | 0.70% | 0.60% | 0.54% | 0.79% | 0.48% | 0.97% | 0.60% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $11 | $12 | $11 | $12 | $12 | $13 | $13 | $13 |
| ▅▅▆██▁▄▄ | Gross Loans ($M) | $112 | $112 | $113 | $114 | $114 | $110 | $112 | $112 |
| ▁▂▂▅▄▅▆█ | Total Deposits ($M) | $137 | $140 | $139 | $144 | $142 | $143 | $145 | $149 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |