Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.07 | 0.51% |
| Return on Equity (%) | ▲ | 5.97% | +0.25 | 5.72% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.09 | 3.23% |
| Efficiency Ratio (%) | ▲ | 77.33% | -4.04 | 81.37% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▲ | 1.79% | -0.08 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $127 | -3.75 | $131 |
| Gross Loans ($M) | ▲ | $79 | +0.77 | $78 |
| Loan Growth YoY (%) | ▲ | 71.10% | +1.37 | 69.73% |
| Total Deposits ($M) | ▼ | $110 | -1.02 | $111 |
| Shareholders Equity ($M) | ▲ | $12 | +0.31 | $12 |
| Tang. Book Value ($M) | ▲ | $12 | +0.31 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +0.14 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 71.10% | +1.37 | 69.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.09% | +2.01 | 1.08% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 4.99% | +3.22 | 1.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁█▇▇▃ | Net Interest Margin (%) | 3.27% | 3.24% | 3.23% | 3.23% | 3.50% | 3.44% | 3.46% | 3.32% |
| ▂▂▃▃█▇▁▄ | Return on Assets (%) | 0.35% | 0.42% | 0.45% | 0.51% | 1.06% | 0.92% | 0.23% | 0.58% |
| ▇▆▆▆▁▂█▅ | Efficiency Ratio (%) | 84.8% | 82.7% | 82.2% | 81.4% | 62.5% | 67.7% | 90.3% | 77.3% |
| ▃█▂▂▃▅▂▁ | Cost of Funds (%) | 1.92% | 2.16% | 1.86% | 1.86% | 1.91% | 2.02% | 1.84% | 1.79% |
| ▁▃▃▂▂▆▇█ | NPA / Assets (%) | 0.74% | 1.43% | 1.41% | 1.08% | 1.16% | 2.39% | 2.75% | 3.09% |
| ▁▃▃▂▂▆▇█ | Net Charge-Off Ratio (%) | 1.17% | 2.38% | 2.42% | 1.76% | 1.91% | 3.90% | 4.39% | 4.99% |
| ▁▄▂▃▆█▅▅ | Tang. Book Value ($M) | $12 | $12 | $12 | $12 | $12 | $13 | $12 | $12 |
| ▁▁▂▂▅██▅ | Gross Loans ($M) | $77 | $77 | $78 | $78 | $79 | $79 | $80 | $79 |
| ▁▃█▂▂▁▃▁ | Total Deposits ($M) | $108 | $112 | $123 | $111 | $110 | $109 | $113 | $110 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 22% |
| Agricultural | 3% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 10% |