Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.31% | -1.08 | 1.39% |
| Return on Equity (%) | ▼ | 2.37% | -12.65 | 15.02% |
| Net Interest Margin (%) | ▼ | 6.56% | -0.36 | 6.93% |
| Efficiency Ratio (%) | ▼ | 95.79% | +21.91 | 73.88% |
| Pre-Provision Profit ($M) | ▼ | $0 | -1.61 | $2 |
| Cost of Funds (%) | ▲ | 2.09% | -0.36 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $272 | -56.20 | $328 |
| Gross Loans ($M) | ▼ | $220 | -31.37 | $251 |
| Loan Growth YoY (%) | ▲ | 95.71% | +10.29 | 85.42% |
| Total Deposits ($M) | ▼ | $224 | -65.25 | $289 |
| Shareholders Equity ($M) | ▲ | $35 | +4.20 | $31 |
| Tang. Book Value ($M) | ▲ | $30 | +4.75 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +5.03 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 95.71% | +10.29 | 85.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.24% | +2.51 | 1.73% |
| Allowance / Loans (%) | — | 2.53% | 0.85% | 1.68% |
| Net Charge-Off Ratio (%) | ▼ | 5.24% | +3.22 | 2.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.68% | +2.70 | 10.98% |
Noninterest income ($1.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇██▄ | Net Interest Margin (%) | 5.89% | 5.85% | 6.23% | 6.93% | 7.03% | 7.22% | 7.31% | 6.56% |
| ▁▁▂▃█▇▄▁ | Return on Assets (%) | 0.25% | 0.49% | 0.90% | 1.39% | 3.77% | 2.92% | 1.79% | 0.31% |
| ▇▆▅▄▁▂▃█ | Efficiency Ratio (%) | 89.1% | 85.3% | 78.7% | 73.9% | 58.5% | 64.9% | 69.0% | 95.8% |
| ▇▁█▆▄▁▂▁ | Cost of Funds (%) | 2.51% | 2.08% | 2.61% | 2.44% | 2.31% | 2.07% | 2.20% | 2.09% |
| ▁▁▁▂▄▇▆█ | NPA / Assets (%) | 1.60% | 1.36% | 1.57% | 1.73% | 2.62% | 3.86% | 3.35% | 4.24% |
| ▁▁▁▁▄█▆█ | Net Charge-Off Ratio (%) | 2.03% | 1.65% | 1.98% | 2.02% | 3.39% | 5.17% | 4.24% | 5.24% |
| ▂▁▁▃▇█▇▇ | Tang. Book Value ($M) | $25 | $23 | $24 | $26 | $31 | $32 | $31 | $30 |
| ▁▇█▇▁▂▃▃ | Gross Loans ($M) | $199 | $254 | $263 | $251 | $203 | $209 | $216 | $220 |
| ▁▆██▁▂▁▁ | Total Deposits ($M) | $215 | $273 | $293 | $289 | $220 | $232 | $223 | $224 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 49% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 35% |