Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.31 | 0.48% |
| Return on Equity (%) | ▲ | 6.15% | +2.34 | 3.81% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.22 | 3.00% |
| Efficiency Ratio (%) | ▲ | 80.87% | -9.66 | 90.52% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.22% | -0.23 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $101 | +10.08 | $91 |
| Gross Loans ($M) | ▲ | $33 | +1.45 | $32 |
| Loan Growth YoY (%) | ▼ | 37.61% | -2.97 | 40.58% |
| Total Deposits ($M) | ▲ | $85 | +9.61 | $76 |
| Shareholders Equity ($M) | ▲ | $12 | +0.73 | $12 |
| Tang. Book Value ($M) | ▲ | $12 | +0.73 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +0.44 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 37.61% | -2.97 | 40.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.73% | -0.90 | 2.63% |
| Allowance / Loans (%) | — | 4.10% | 0.06% | 4.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.05 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇▇▇█ | Net Interest Margin (%) | 2.69% | 2.69% | 2.70% | 3.00% | 3.10% | 3.13% | 3.11% | 3.22% |
| ▁▂▃▇▇▇▅█ | Return on Assets (%) | -1.15% | -0.70% | -0.50% | 0.48% | 0.47% | 0.47% | -0.16% | 0.79% |
| ▃▃▄▃▂▂█▁ | Efficiency Ratio (%) | 91.2% | 92.2% | 93.2% | 90.5% | 87.5% | 85.2% | 111.2% | 80.9% |
| ██▇▆▄▅▂▁ | Cost of Funds (%) | 1.55% | 1.52% | 1.48% | 1.45% | 1.38% | 1.40% | 1.30% | 1.22% |
| ██▅▅▆▆▁▁ | NPA / Assets (%) | 3.15% | 3.21% | 2.57% | 2.63% | 2.69% | 2.66% | 1.85% | 1.73% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 8.08% | 8.81% | 0.20% | 0.17% | 0.14% | 0.13% | 0.13% | 0.12% |
| ▁▆▂▄▆█▇▇ | Tang. Book Value ($M) | $11 | $12 | $11 | $12 | $12 | $13 | $13 | $12 |
| █▄▁▂▇▇▆▄ | Gross Loans ($M) | $37 | $33 | $31 | $32 | $35 | $36 | $35 | $33 |
| ▅▃▄▃▁▁▄█ | Total Deposits ($M) | $80 | $76 | $78 | $76 | $72 | $73 | $78 | $85 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 9% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 27% |