Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.07% | -0.17 | 0.09% |
| Return on Equity (%) | ▼ | -0.92% | -2.35 | 1.43% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.36 | 3.39% |
| Efficiency Ratio (%) | ▼ | 79.95% | +3.96 | 75.98% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.56% | -0.13 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $501 | -35.59 | $537 |
| Gross Loans ($M) | ▼ | $351 | -14.30 | $365 |
| Loan Growth YoY (%) | ▼ | 83.51% | -2.12 | 85.63% |
| Total Deposits ($M) | ▼ | $412 | -6.64 | $419 |
| Shareholders Equity ($M) | ▲ | $40 | +4.52 | $36 |
| Tang. Book Value ($M) | ▲ | $36 | +4.67 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +4.18 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 83.51% | -2.12 | 85.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.40% | -0.06 | 3.46% |
| Allowance / Loans (%) | — | 1.88% | 0.10% | 1.78% |
| Net Charge-Off Ratio (%) | ▲ | 4.79% | -0.22 | 5.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.87% | +0.93 | 10.95% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▃▄▆█ | Net Interest Margin (%) | 3.16% | 3.22% | 3.25% | 3.39% | 3.34% | 3.43% | 3.56% | 3.75% |
| ▃▃▁▆█▇█▁ | Return on Assets (%) | -0.02% | -0.00% | -0.11% | 0.09% | 0.18% | 0.14% | 0.19% | -0.07% |
| ███▁▅▆▄▃ | Efficiency Ratio (%) | 87.3% | 88.5% | 87.1% | 76.0% | 82.6% | 84.4% | 81.7% | 79.9% |
| ▄██▃▃▃▂▁ | Cost of Funds (%) | 1.75% | 1.95% | 1.93% | 1.69% | 1.68% | 1.68% | 1.63% | 1.56% |
| ▁▁▆▇███▆ | NPA / Assets (%) | 1.64% | 1.49% | 3.30% | 3.46% | 4.07% | 4.05% | 3.86% | 3.40% |
| ▁▁▆▇███▆ | Net Charge-Off Ratio (%) | 2.36% | 2.14% | 4.73% | 5.00% | 5.79% | 5.72% | 5.46% | 4.79% |
| ▁▄▂▄▅▆██ | Tang. Book Value ($M) | $28 | $32 | $29 | $31 | $32 | $34 | $36 | $36 |
| ▃█▆▅▄▃▃▁ | Gross Loans ($M) | $359 | $378 | $368 | $365 | $362 | $360 | $358 | $351 |
| ▁▇▅█▅▃▄▆ | Total Deposits ($M) | $392 | $413 | $407 | $419 | $408 | $400 | $405 | $412 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |