Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.95% | +0.09 | 2.86% |
| Return on Equity (%) | ▼ | 23.95% | -1.60 | 25.55% |
| Net Interest Margin (%) | ▲ | 4.92% | +0.42 | 4.49% |
| Efficiency Ratio (%) | ▲ | 42.85% | -1.52 | 44.37% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.10 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.30 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $145 | +4.26 | $141 |
| Gross Loans ($M) | ▲ | $118 | +9.25 | $109 |
| Loan Growth YoY (%) | ▲ | 91.82% | +5.94 | 85.89% |
| Total Deposits ($M) | ▲ | $127 | +1.92 | $125 |
| Shareholders Equity ($M) | ▲ | $18 | +2.35 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +2.35 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 91.82% | +5.94 | 85.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.97% | -0.94 | 2.91% |
| Allowance / Loans (%) | — | 1.24% | -0.03% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 2.42% | -1.35 | 3.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▆▇█ | Net Interest Margin (%) | 4.39% | 4.40% | 4.49% | 4.49% | 4.66% | 4.77% | 4.79% | 4.92% |
| ▁▁▃▇▇▇▇█ | Return on Assets (%) | 2.40% | 2.42% | 2.55% | 2.86% | 2.84% | 2.88% | 2.86% | 2.95% |
| ██▆▂▃▂▂▁ | Efficiency Ratio (%) | 50.2% | 49.9% | 48.1% | 44.4% | 44.7% | 44.4% | 44.4% | 42.8% |
| ▆██▇▃▃▂▁ | Cost of Funds (%) | 2.10% | 2.22% | 2.19% | 2.12% | 1.96% | 1.95% | 1.92% | 1.83% |
| ▁█▂▃▃▂▂▁ | NPA / Assets (%) | 1.76% | 4.83% | 2.40% | 2.91% | 2.57% | 2.31% | 2.31% | 1.97% |
| ▁█▂▄▃▂▂▁ | Net Charge-Off Ratio (%) | 2.15% | 5.93% | 2.95% | 3.77% | 3.27% | 2.91% | 2.77% | 2.42% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $14 | $15 | $15 | $16 | $16 | $17 | $17 | $18 |
| ▁▂▄▄▄▅██ | Gross Loans ($M) | $102 | $106 | $108 | $109 | $110 | $112 | $118 | $118 |
| ▁▂▄█▇▇▇█ | Total Deposits ($M) | $111 | $115 | $117 | $125 | $124 | $123 | $124 | $127 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |