Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.36 | 1.27% |
| Return on Equity (%) | ▲ | 12.71% | +2.08 | 10.63% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.37 | 3.23% |
| Efficiency Ratio (%) | ▲ | 45.01% | -7.73 | 52.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.35 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $313 | +9.40 | $304 |
| Gross Loans ($M) | ▲ | $212 | +3.39 | $208 |
| Loan Growth YoY (%) | ▼ | 77.90% | -1.57 | 79.47% |
| Total Deposits ($M) | ▲ | $269 | +9.56 | $259 |
| Shareholders Equity ($M) | ▲ | $40 | +3.95 | $36 |
| Tang. Book Value ($M) | ▲ | $35 | +3.95 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.19 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 77.90% | -1.57 | 79.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.34% | -0.23 | 1.57% |
| Allowance / Loans (%) | — | 0.99% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 1.98% | -0.25 | 2.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.97% | +1.44 | 16.53% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▁▁▄▇██ | Net Interest Margin (%) | 3.44% | 3.44% | 3.22% | 3.23% | 3.38% | 3.53% | 3.60% | 3.60% |
| ▇▆▁▃▅▇▇█ | Return on Assets (%) | 1.50% | 1.43% | 1.08% | 1.27% | 1.36% | 1.50% | 1.51% | 1.63% |
| ▄▃▆█▇▄▄▁ | Efficiency Ratio (%) | 48.3% | 47.5% | 50.6% | 52.7% | 51.2% | 48.0% | 47.9% | 45.0% |
| ▄▃█▃▃▁▂▁ | Cost of Funds (%) | 2.09% | 1.97% | 2.86% | 1.93% | 1.93% | 1.70% | 1.75% | 1.57% |
| ▆▆▁██▇█▇ | NPA / Assets (%) | 1.09% | 1.06% | 0.15% | 1.57% | 1.52% | 1.36% | 1.42% | 1.34% |
| ▆▆▁████▇ | Net Charge-Off Ratio (%) | 1.54% | 1.50% | 0.21% | 2.23% | 2.17% | 2.04% | 2.05% | 1.98% |
| ▁▄▁▃▃▇██ | Tang. Book Value ($M) | $30 | $32 | $30 | $31 | $31 | $34 | $34 | $35 |
| ██▁▂▄▆██ | Gross Loans ($M) | $212 | $212 | $207 | $208 | $210 | $211 | $211 | $212 |
| ▃▃▁▅▄█▆▇ | Total Deposits ($M) | $254 | $254 | $246 | $259 | $259 | $272 | $263 | $269 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 26% |