Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.88% | -0.06 | 0.94% |
| Return on Equity (%) | ▼ | 8.81% | -1.17 | 9.98% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.09 | 3.26% |
| Efficiency Ratio (%) | ▼ | 69.74% | +2.38 | 67.36% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.14 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $393 | -6.77 | $400 |
| Gross Loans ($M) | ▲ | $244 | +32.24 | $212 |
| Loan Growth YoY (%) | ▲ | 69.01% | +10.70 | 58.31% |
| Total Deposits ($M) | ▼ | $350 | -8.93 | $359 |
| Shareholders Equity ($M) | ▲ | $39 | +2.03 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +2.03 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +1.78 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 69.01% | +10.70 | 58.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.00 | 0.41% |
| Allowance / Loans (%) | — | 1.06% | -0.17% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.10 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆████ | Net Interest Margin (%) | 2.94% | 3.00% | 3.07% | 3.26% | 3.36% | 3.39% | 3.40% | 3.35% |
| █▂▆▅▂▁▁▁ | Return on Assets (%) | 0.99% | 0.90% | 0.96% | 0.94% | 0.90% | 0.89% | 0.88% | 0.88% |
| ▁▄▂▂▃█▂▆ | Efficiency Ratio (%) | 66.8% | 68.4% | 67.9% | 67.4% | 68.0% | 71.0% | 67.4% | 69.7% |
| ██▅▂▃▃▁▁ | Cost of Funds (%) | 2.32% | 2.37% | 2.13% | 1.92% | 1.93% | 1.95% | 1.77% | 1.78% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.65% | 0.65% | 0.44% | 0.41% | 0.43% | 0.43% | 0.41% | 0.41% |
| ██▁▃▂▁▁▁ | Net Charge-Off Ratio (%) | 1.03% | 1.00% | 0.68% | 0.75% | 0.71% | 0.67% | 0.64% | 0.65% |
| ▂▇▁▃▄█▆▆ | Tang. Book Value ($M) | $37 | $40 | $36 | $37 | $38 | $41 | $39 | $39 |
| ▆▇▅▁▄▇█▇ | Gross Loans ($M) | $237 | $244 | $232 | $212 | $227 | $240 | $249 | $244 |
| ▂▁▃█▃▁▆▆ | Total Deposits ($M) | $334 | $331 | $338 | $359 | $340 | $330 | $351 | $350 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 12% |
| Agricultural | 18% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |