Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.53% | -0.67 | 2.20% |
| Return on Equity (%) | ▼ | 17.92% | -11.92 | 29.84% |
| Net Interest Margin (%) | ▲ | 4.61% | +0.09 | 4.52% |
| Efficiency Ratio (%) | ▼ | 58.94% | +2.71 | 56.23% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.17 | $2 |
| Cost of Funds (%) | ▼ | 1.64% | +0.10 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $330 | +0.89 | $329 |
| Gross Loans ($M) | ▲ | $252 | +24.14 | $228 |
| Loan Growth YoY (%) | ▲ | 83.18% | +9.26 | 73.93% |
| Total Deposits ($M) | ▼ | $301 | -2.55 | $303 |
| Shareholders Equity ($M) | ▲ | $28 | +3.40 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +3.40 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +3.25 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 83.18% | +9.26 | 73.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.17 | 0.35% |
| Allowance / Loans (%) | — | 0.63% | -0.86% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.27 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.55% | -0.34 | 12.89% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅███▆ | Net Interest Margin (%) | 4.15% | 4.16% | 4.15% | 4.52% | 4.76% | 4.79% | 4.79% | 4.61% |
| ▁▁▁█▄▄▂▁ | Return on Assets (%) | 1.55% | 1.58% | 1.50% | 2.20% | 1.85% | 1.80% | 1.62% | 1.53% |
| ███▂▁▂▂▅ | Efficiency Ratio (%) | 63.1% | 63.1% | 62.8% | 56.2% | 54.5% | 55.8% | 55.9% | 58.9% |
| ▆█▃▁▂▄▁▄ | Cost of Funds (%) | 1.70% | 1.78% | 1.62% | 1.53% | 1.57% | 1.65% | 1.56% | 1.64% |
| ▂▂▂▁██▅▁ | NPA / Assets (%) | 0.41% | 0.35% | 0.46% | 0.35% | 1.51% | 1.41% | 0.88% | 0.18% |
| ▂▂▂▂██▅▁ | Net Charge-Off Ratio (%) | 0.61% | 0.53% | 0.67% | 0.50% | 2.03% | 1.86% | 1.15% | 0.24% |
| ▁▃▃▄▄▇██ | Tang. Book Value ($M) | $22 | $24 | $24 | $25 | $25 | $27 | $29 | $28 |
| ▁▁▄▄▇▇██ | Gross Loans ($M) | $202 | $203 | $224 | $228 | $244 | $247 | $254 | $252 |
| ▁▁███▆▇▇ | Total Deposits ($M) | $274 | $278 | $306 | $303 | $303 | $295 | $298 | $301 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 22% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |