Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.23% | -0.13 | 0.36% |
| Return on Equity (%) | ▼ | 2.81% | -1.89 | 4.70% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.40 | 3.88% |
| Efficiency Ratio (%) | ▲ | 78.52% | -9.02 | 87.54% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.48 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.09 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +14.37 | $367 |
| Gross Loans ($M) | ▲ | $315 | +29.88 | $285 |
| Loan Growth YoY (%) | ▲ | 102.06% | +7.36 | 94.70% |
| Total Deposits ($M) | ▲ | $304 | +7.36 | $297 |
| Shareholders Equity ($M) | ▲ | $32 | +3.12 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +3.13 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.59 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 102.06% | +7.36 | 94.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.90% | -0.58 | 1.48% |
| Allowance / Loans (%) | — | 1.36% | 0.04% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 1.09% | -0.82 | 1.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.53% | -0.15 | 9.69% |
Noninterest income ($1.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▄█ | Net Interest Margin (%) | 3.76% | 3.76% | 3.74% | 3.88% | 3.93% | 3.96% | 4.00% | 4.29% |
| ▅▃▃▃▇██▁ | Return on Assets (%) | 0.45% | 0.38% | 0.37% | 0.36% | 0.53% | 0.63% | 0.63% | 0.23% |
| ████▆▅▄▁ | Efficiency Ratio (%) | 88.5% | 88.5% | 87.9% | 87.5% | 84.8% | 83.7% | 82.9% | 78.5% |
| ▄█▄▂▂▇▄▁ | Cost of Funds (%) | 1.66% | 1.89% | 1.68% | 1.59% | 1.57% | 1.84% | 1.66% | 1.50% |
| ▁▅███▇▃▃ | NPA / Assets (%) | 0.55% | 1.19% | 1.55% | 1.48% | 1.58% | 1.35% | 0.88% | 0.90% |
| ▁▅█▇█▆▃▃ | Net Charge-Off Ratio (%) | 0.73% | 1.56% | 2.10% | 1.91% | 2.03% | 1.70% | 1.13% | 1.09% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $26 | $27 | $27 | $28 | $29 | $30 | $31 | $31 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $268 | $278 | $280 | $285 | $297 | $301 | $306 | $315 |
| ▁▃▆▃▄▅█▅ | Total Deposits ($M) | $287 | $297 | $310 | $297 | $300 | $306 | $319 | $304 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |