Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.04 | 1.37% |
| Return on Equity (%) | ▼ | 9.33% | -0.62 | 9.95% |
| Net Interest Margin (%) | ▼ | 3.15% | -0.11 | 3.25% |
| Efficiency Ratio (%) | ▲ | 53.80% | -2.07 | 55.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.12 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.28 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $445 | +24.08 | $420 |
| Gross Loans ($M) | ▲ | $224 | +14.22 | $210 |
| Loan Growth YoY (%) | ▲ | 64.52% | +1.54 | 62.98% |
| Total Deposits ($M) | ▲ | $343 | +14.31 | $329 |
| Shareholders Equity ($M) | ▲ | $67 | +7.32 | $59 |
| Tang. Book Value ($M) | ▲ | $66 | +7.36 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.39 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 64.52% | +1.54 | 62.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.63% | -0.13 | 0.76% |
| Allowance / Loans (%) | — | 1.13% | -0.12% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 1.21% | -0.13 | 1.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁██▇▇█ | Net Interest Margin (%) | 2.39% | 2.42% | 2.48% | 3.25% | 3.15% | 3.11% | 3.14% | 3.15% |
| ▁▁▁██▇██ | Return on Assets (%) | 0.82% | 0.84% | 0.89% | 1.37% | 1.35% | 1.33% | 1.35% | 1.41% |
| ███▂▂▂▂▁ | Efficiency Ratio (%) | 67.2% | 66.8% | 65.6% | 55.9% | 55.5% | 55.7% | 55.7% | 53.8% |
| ███▅▄▃▃▁ | Cost of Funds (%) | 2.09% | 2.08% | 2.10% | 1.86% | 1.84% | 1.74% | 1.78% | 1.58% |
| ▂▁▅█▆▅▄▇ | NPA / Assets (%) | 0.27% | 0.17% | 0.51% | 0.76% | 0.61% | 0.51% | 0.44% | 0.63% |
| ▂▁▅█▇▆▅█ | Net Charge-Off Ratio (%) | 0.33% | 0.16% | 0.85% | 1.34% | 1.15% | 0.99% | 0.83% | 1.21% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $54 | $59 | $56 | $59 | $60 | $64 | $66 | $66 |
| ▃▂▁▃▆▆▇█ | Gross Loans ($M) | $210 | $207 | $204 | $210 | $217 | $217 | $219 | $224 |
| ▁▄▅▅▅▇▆█ | Total Deposits ($M) | $313 | $326 | $331 | $329 | $330 | $337 | $333 | $343 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 13% |
| Agricultural | 35% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |