Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.21 | 0.59% |
| Return on Equity (%) | ▲ | 6.34% | +1.67 | 4.67% |
| Net Interest Margin (%) | ▲ | 2.86% | +0.31 | 2.55% |
| Efficiency Ratio (%) | ▲ | 75.18% | -4.50 | 79.68% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.54% | -0.03 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $183 | +9.28 | $174 |
| Gross Loans ($M) | ▲ | $107 | +2.87 | $104 |
| Loan Growth YoY (%) | ▼ | 65.70% | -2.02 | 67.72% |
| Total Deposits ($M) | ▲ | $160 | +8.53 | $152 |
| Shareholders Equity ($M) | ▲ | $22 | +0.68 | $22 |
| Tang. Book Value ($M) | ▲ | $22 | +0.82 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +0.99 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 65.70% | -2.02 | 67.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.67% | -0.80 | 2.47% |
| Allowance / Loans (%) | — | 1.39% | 0.27% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 2.47% | -1.68 | 4.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.41% | 2.46% | 2.47% | 2.55% | 2.60% | 2.69% | 2.74% | 2.86% |
| ▂▂▁▄▅▇▆█ | Return on Assets (%) | 0.51% | 0.51% | 0.45% | 0.59% | 0.65% | 0.75% | 0.70% | 0.80% |
| ▆▇█▆▃▁▂▁ | Efficiency Ratio (%) | 79.8% | 80.7% | 81.9% | 79.7% | 77.5% | 75.8% | 76.0% | 75.2% |
| ▁▄▄▄▄█▇▂ | Cost of Funds (%) | 1.51% | 1.58% | 1.59% | 1.58% | 1.60% | 1.69% | 1.65% | 1.54% |
| ▃▁▂██▅▃▂ | NPA / Assets (%) | 1.82% | 1.43% | 1.61% | 2.47% | 2.34% | 2.02% | 1.78% | 1.67% |
| ▃▁▂█▇▃▁▁ | Net Charge-Off Ratio (%) | 2.88% | 2.24% | 2.71% | 4.15% | 3.90% | 2.80% | 2.45% | 2.47% |
| ▁▄▄▁▃▆█▅ | Tang. Book Value ($M) | $21 | $22 | $22 | $21 | $21 | $22 | $22 | $22 |
| ▁▂▃▂▇██▇ | Gross Loans ($M) | $102 | $103 | $104 | $104 | $107 | $108 | $107 | $107 |
| ▁▁▃▂▄▃▄█ | Total Deposits ($M) | $149 | $149 | $153 | $152 | $154 | $152 | $154 | $160 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 8% |
| Agricultural | 4% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |