Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.16% | +0.29 | -0.13% |
| Return on Equity (%) | ▲ | 2.09% | +3.73 | -1.64% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.27 | 3.00% |
| Efficiency Ratio (%) | ▲ | 94.51% | -9.39 | 103.89% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.21 | $-0 |
| Cost of Funds (%) | ▲ | 1.69% | -0.02 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $263 | +7.34 | $256 |
| Gross Loans ($M) | ▲ | $217 | +7.22 | $209 |
| Loan Growth YoY (%) | ▲ | 89.72% | +0.30 | 89.42% |
| Total Deposits ($M) | ▲ | $240 | +7.22 | $232 |
| Shareholders Equity ($M) | ▲ | $20 | +0.41 | $20 |
| Tang. Book Value ($M) | ▲ | $19 | +0.44 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 89.72% | +0.30 | 89.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.00 | 0.39% |
| Allowance / Loans (%) | — | 0.79% | -0.01% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.40 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.64% | -0.05 | 10.69% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.74% | 2.77% | 2.77% | 3.00% | 3.05% | 3.09% | 3.12% | 3.26% |
| ▂▃▁▆▆▇▇█ | Return on Assets (%) | -0.44% | -0.39% | -0.61% | -0.13% | -0.05% | 0.00% | 0.05% | 0.16% |
| ███▄▃▂▂▁ | Efficiency Ratio (%) | 113.5% | 111.6% | 113.1% | 103.9% | 100.5% | 98.5% | 97.1% | 94.5% |
| ▂▅█▂▂▆▄▁ | Cost of Funds (%) | 1.73% | 1.77% | 1.85% | 1.71% | 1.72% | 1.79% | 1.75% | 1.69% |
| ▄█▁▄▁█▃▅ | NPA / Assets (%) | 0.39% | 0.41% | 0.37% | 0.39% | 0.38% | 0.41% | 0.39% | 0.39% |
| █████▁▁▁ | Net Charge-Off Ratio (%) | 0.49% | 0.51% | 0.46% | 0.48% | 0.46% | 0.06% | 0.08% | 0.08% |
| ▅▄▁▄▅▆▇█ | Tang. Book Value ($M) | $19 | $19 | $19 | $19 | $19 | $19 | $19 | $19 |
| ▁▃▅▅▆▇█▇ | Gross Loans ($M) | $193 | $202 | $209 | $209 | $215 | $219 | $223 | $217 |
| ▁▂▄▄▅▅█▇ | Total Deposits ($M) | $223 | $227 | $232 | $232 | $233 | $234 | $243 | $240 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 19% |