Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.20% | -0.72 | 0.51% |
| Return on Equity (%) | ▼ | -1.45% | -5.36 | 3.91% |
| Net Interest Margin (%) | ▲ | 2.75% | +0.37 | 2.37% |
| Efficiency Ratio (%) | ▼ | 107.97% | +36.69 | 71.28% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.58 | $0 |
| Cost of Funds (%) | ▲ | 1.02% | -0.08 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $238 | +13.20 | $225 |
| Gross Loans ($M) | ▲ | $64 | +3.23 | $61 |
| Loan Growth YoY (%) | ▲ | 31.22% | +0.46 | 30.76% |
| Total Deposits ($M) | ▲ | $202 | +9.31 | $193 |
| Shareholders Equity ($M) | ▲ | $33 | +2.52 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +2.52 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.22 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 31.22% | +0.46 | 30.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.18 | 0.29% |
| Allowance / Loans (%) | — | 1.75% | -1.02% | 2.77% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.66 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.30% | 2.30% | 2.31% | 2.37% | 2.41% | 2.48% | 2.55% | 2.75% |
| ▇▇▇▆▇▇█▁ | Return on Assets (%) | 0.59% | 0.61% | 0.61% | 0.51% | 0.60% | 0.70% | 0.83% | -0.20% |
| ▂▂▂▂▁▁▁█ | Efficiency Ratio (%) | 72.4% | 71.2% | 71.0% | 71.3% | 69.7% | 66.3% | 64.8% | 108.0% |
| ▃▆█▆▄▂▁▁ | Cost of Funds (%) | 1.05% | 1.10% | 1.14% | 1.10% | 1.06% | 1.04% | 1.02% | 1.02% |
| █▇█▇▇▆▆▁ | NPA / Assets (%) | 0.31% | 0.29% | 0.30% | 0.29% | 0.26% | 0.24% | 0.24% | 0.10% |
| ████▇▆▆▁ | Net Charge-Off Ratio (%) | 1.06% | 1.05% | 1.09% | 1.02% | 0.93% | 0.85% | 0.83% | 0.36% |
| ▁▅▂▄▆██▇ | Tang. Book Value ($M) | $28 | $32 | $29 | $30 | $32 | $34 | $34 | $33 |
| ▃▁▁▁▁▇█▅ | Gross Loans ($M) | $62 | $61 | $60 | $61 | $61 | $66 | $67 | $64 |
| ▁▄▃▂▁▅█▆ | Total Deposits ($M) | $188 | $196 | $193 | $193 | $190 | $200 | $207 | $202 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 7% |