Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.85% | -0.01 | 1.85% |
| Return on Equity (%) | ▼ | 18.91% | -0.65 | 19.56% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.17 | 3.82% |
| Efficiency Ratio (%) | ▼ | 64.16% | +0.19 | 63.97% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.34 | $3 |
| Cost of Funds (%) | ▲ | 1.83% | -0.25 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $636 | +37.83 | $599 |
| Gross Loans ($M) | ▲ | $515 | +20.19 | $495 |
| Loan Growth YoY (%) | ▼ | 91.38% | -3.04 | 94.41% |
| Total Deposits ($M) | ▲ | $557 | +38.63 | $518 |
| Shareholders Equity ($M) | ▲ | $62 | +5.21 | $57 |
| Tang. Book Value ($M) | ▲ | $59 | +5.29 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +5.05 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 91.38% | -3.04 | 94.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.71% | +1.35 | 0.36% |
| Allowance / Loans (%) | — | 1.23% | 0.07% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +1.60 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▇███ | Net Interest Margin (%) | 3.66% | 3.66% | 3.68% | 3.82% | 3.95% | 3.96% | 4.00% | 3.99% |
| ▄▃▁█▇█▄█ | Return on Assets (%) | 1.57% | 1.51% | 1.33% | 1.85% | 1.75% | 1.79% | 1.59% | 1.85% |
| ▆██▂▁▂█▃ | Efficiency Ratio (%) | 65.6% | 66.1% | 66.4% | 64.0% | 63.2% | 63.6% | 66.2% | 64.2% |
| ▆██▅▄▃▃▁ | Cost of Funds (%) | 2.17% | 2.25% | 2.28% | 2.08% | 2.04% | 1.98% | 2.00% | 1.83% |
| ▁▁▁▁▇▆▆█ | NPA / Assets (%) | 0.52% | 0.49% | 0.43% | 0.36% | 1.50% | 1.35% | 1.33% | 1.71% |
| ▁▁▁▁▇▇▆█ | Net Charge-Off Ratio (%) | 0.62% | 0.60% | 0.50% | 0.44% | 1.74% | 1.66% | 1.48% | 2.03% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $51 | $53 | $52 | $54 | $56 | $58 | $59 | $59 |
| ▁▁▅▅█▇██ | Gross Loans ($M) | $468 | $473 | $497 | $495 | $511 | $506 | $511 | $515 |
| ▁▂▃▄▃▆▇█ | Total Deposits ($M) | $487 | $496 | $507 | $518 | $507 | $534 | $543 | $557 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 19% |