Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.15% | +0.37 | -0.22% |
| Return on Equity (%) | ▲ | 2.50% | +6.77 | -4.27% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.55 | 2.33% |
| Efficiency Ratio (%) | ▲ | 94.97% | -15.42 | 110.38% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.59 | $-0 |
| Cost of Funds (%) | ▲ | 1.93% | -0.28 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $462 | -8.32 | $470 |
| Gross Loans ($M) | ▲ | $296 | +23.15 | $273 |
| Loan Growth YoY (%) | ▲ | 70.88% | +6.28 | 64.60% |
| Total Deposits ($M) | ▼ | $413 | -4.49 | $418 |
| Shareholders Equity ($M) | ▲ | $27 | +3.10 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +3.27 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +2.75 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 70.88% | +6.28 | 64.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.01 | 0.38% |
| Allowance / Loans (%) | — | 1.04% | -0.06% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.07 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.80% | -0.06 | 12.86% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.11% | 2.13% | 2.16% | 2.33% | 2.44% | 2.57% | 2.64% | 2.88% |
| ▃▃▂▁▂▄▆█ | Return on Assets (%) | -0.10% | -0.11% | -0.15% | -0.22% | -0.14% | -0.06% | 0.02% | 0.15% |
| ███▇▅▄▃▁ | Efficiency Ratio (%) | 113.6% | 112.3% | 112.3% | 110.4% | 106.6% | 102.9% | 100.2% | 95.0% |
| ▇█▆▆▃▄▃▁ | Cost of Funds (%) | 2.30% | 2.36% | 2.25% | 2.21% | 2.04% | 2.11% | 2.07% | 1.93% |
| █▁▁▁▅▇▁▁ | NPA / Assets (%) | 0.52% | 0.38% | 0.38% | 0.38% | 0.46% | 0.49% | 0.39% | 0.37% |
| █▂▂▂▅▅▁▁ | Net Charge-Off Ratio (%) | 0.93% | 0.67% | 0.66% | 0.66% | 0.78% | 0.79% | 0.60% | 0.58% |
| ▁▇▁▂▂▆█▇ | Tang. Book Value ($M) | $23 | $26 | $22 | $23 | $24 | $26 | $27 | $26 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $262 | $265 | $273 | $273 | $282 | $286 | $293 | $296 |
| ▂▃▅▆█▂▁▅ | Total Deposits ($M) | $402 | $404 | $414 | $418 | $426 | $400 | $396 | $413 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |