Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.93% | -0.33 | 1.26% |
| Return on Equity (%) | ▼ | 8.87% | -2.99 | 11.86% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.25 | 3.61% |
| Efficiency Ratio (%) | ▲ | 61.73% | -3.77 | 65.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.62% | -0.08 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $368 | +30.55 | $337 |
| Gross Loans ($M) | ▲ | $269 | +25.42 | $243 |
| Loan Growth YoY (%) | ▲ | 92.34% | +2.86 | 89.48% |
| Total Deposits ($M) | ▲ | $288 | +18.88 | $269 |
| Shareholders Equity ($M) | ▲ | $37 | +0.88 | $36 |
| Tang. Book Value ($M) | ▲ | $34 | +1.01 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +1.13 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 92.34% | +2.86 | 89.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.04 | 0.47% |
| Allowance / Loans (%) | — | 1.07% | 0.01% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.07 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▃▄▅█ | Net Interest Margin (%) | 3.59% | 3.65% | 3.63% | 3.61% | 3.67% | 3.73% | 3.76% | 3.87% |
| ▄▆▅▆███▁ | Return on Assets (%) | 1.16% | 1.25% | 1.19% | 1.26% | 1.37% | 1.39% | 1.42% | 0.93% |
| █▆▇▆▄▃▂▁ | Efficiency Ratio (%) | 67.7% | 65.5% | 66.5% | 65.5% | 64.2% | 63.8% | 63.0% | 61.7% |
| ▁▄█▇▆█▇▄ | Cost of Funds (%) | 1.55% | 1.64% | 1.74% | 1.71% | 1.69% | 1.74% | 1.70% | 1.62% |
| ▇█▂▁▄▇▃▁ | NPA / Assets (%) | 0.72% | 0.80% | 0.54% | 0.47% | 0.62% | 0.75% | 0.58% | 0.51% |
| ▆█▂▁▅█▄▂ | Net Charge-Off Ratio (%) | 0.67% | 0.81% | 0.49% | 0.38% | 0.62% | 0.79% | 0.56% | 0.45% |
| ▁▄▃▃▅▇█▅ | Tang. Book Value ($M) | $30 | $33 | $32 | $33 | $34 | $35 | $37 | $34 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $227 | $231 | $243 | $243 | $251 | $258 | $262 | $269 |
| ▂▁▁▄▇▆▇█ | Total Deposits ($M) | $264 | $260 | $258 | $269 | $281 | $277 | $283 | $288 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Agricultural | 5% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 6% |