Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.69 | 0.16% |
| Return on Equity (%) | ▲ | 9.94% | +7.80 | 2.14% |
| Net Interest Margin (%) | ▼ | 3.13% | -0.09 | 3.21% |
| Efficiency Ratio (%) | ▼ | 70.43% | +0.21 | 70.21% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.04 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $606 | +45.07 | $561 |
| Gross Loans ($M) | ▼ | $253 | -4.19 | $257 |
| Loan Growth YoY (%) | ▼ | 49.69% | -5.13 | 54.82% |
| Total Deposits ($M) | ▲ | $502 | +39.51 | $462 |
| Shareholders Equity ($M) | ▲ | $52 | +6.96 | $45 |
| Tang. Book Value ($M) | ▲ | $52 | +6.96 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +8.69 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 49.69% | -5.13 | 54.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.95% | +0.27 | 1.68% |
| Allowance / Loans (%) | — | 1.38% | -0.02% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 4.28% | +0.61 | 3.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅██▄▅█▇▁ | Net Interest Margin (%) | 3.24% | 3.34% | 3.31% | 3.21% | 3.26% | 3.33% | 3.30% | 3.13% |
| ███▁▅▅▆█ | Return on Assets (%) | 0.84% | 0.89% | 0.82% | 0.16% | 0.54% | 0.56% | 0.63% | 0.85% |
| █▁▄▄▃▄▆▅ | Efficiency Ratio (%) | 71.3% | 69.5% | 70.2% | 70.2% | 70.1% | 70.2% | 70.6% | 70.4% |
| ▁█▇█▇█▅▆ | Cost of Funds (%) | 1.37% | 1.56% | 1.52% | 1.54% | 1.51% | 1.55% | 1.48% | 1.50% |
| ▁▁▆▇█▄██ | NPA / Assets (%) | 0.14% | 0.31% | 1.44% | 1.68% | 1.80% | 1.03% | 1.94% | 1.95% |
| ▁▁▆▇█▄██ | Net Charge-Off Ratio (%) | 0.30% | 0.65% | 3.13% | 3.67% | 4.03% | 2.30% | 4.30% | 4.28% |
| ▁▅▂▃▅▇██ | Tang. Book Value ($M) | $40 | $47 | $42 | $45 | $47 | $51 | $52 | $52 |
| █▆█▆▆▇▁▁ | Gross Loans ($M) | $258 | $257 | $259 | $257 | $257 | $258 | $252 | $253 |
| ▂▁▃▃▄▄██ | Total Deposits ($M) | $459 | $446 | $465 | $462 | $473 | $469 | $505 | $502 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 22% |
| Agricultural | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 7% |