Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.02 | 1.59% |
| Return on Equity (%) | ▼ | 17.86% | -1.06 | 18.92% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.16 | 4.06% |
| Efficiency Ratio (%) | ▲ | 57.35% | -3.02 | 60.37% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.94% | -0.04 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $329 | +14.28 | $315 |
| Gross Loans ($M) | ▲ | $266 | +18.13 | $248 |
| Loan Growth YoY (%) | ▲ | 88.60% | +2.78 | 85.82% |
| Total Deposits ($M) | ▲ | $295 | +10.93 | $284 |
| Shareholders Equity ($M) | ▲ | $30 | +3.29 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +3.29 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.14 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 88.60% | +2.78 | 85.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.39 | 0.57% |
| Allowance / Loans (%) | — | 1.77% | 0.08% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 1.19% | +0.46 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 3.58% | 3.59% | 3.71% | 4.06% | 4.05% | 4.10% | 4.14% | 4.23% |
| ▁▁▂█▇█▇█ | Return on Assets (%) | 1.14% | 1.10% | 1.17% | 1.59% | 1.52% | 1.57% | 1.51% | 1.60% |
| ██▆▃▃▂▂▁ | Efficiency Ratio (%) | 68.2% | 67.4% | 65.0% | 60.4% | 60.8% | 60.0% | 59.4% | 57.4% |
| ▂█▅▁▁▄▁▁ | Cost of Funds (%) | 2.02% | 2.30% | 2.13% | 1.98% | 1.97% | 2.08% | 1.96% | 1.94% |
| ▁▁▂▃██▆▆ | NPA / Assets (%) | 0.31% | 0.18% | 0.32% | 0.57% | 1.22% | 1.29% | 0.91% | 0.96% |
| ▁▁▂▃██▆▆ | Net Charge-Off Ratio (%) | 0.39% | 0.23% | 0.41% | 0.72% | 1.49% | 1.59% | 1.16% | 1.19% |
| ▁▃▃▄▄▆██ | Tang. Book Value ($M) | $24 | $27 | $26 | $27 | $27 | $29 | $30 | $30 |
| ▁▂▁▂▅▆██ | Gross Loans ($M) | $243 | $247 | $244 | $248 | $256 | $262 | $269 | $266 |
| ▁▂▄▃▅▇█▅ | Total Deposits ($M) | $273 | $279 | $287 | $284 | $294 | $300 | $309 | $295 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 22% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 22% |