Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.05% | -0.10 | 0.04% |
| Return on Equity (%) | ▼ | -0.71% | -1.16 | 0.45% |
| Net Interest Margin (%) | ▼ | 2.50% | -0.05 | 2.55% |
| Efficiency Ratio (%) | ▼ | 102.36% | +3.64 | 98.72% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.05 | $0 |
| Cost of Funds (%) | ▲ | 2.67% | -0.16 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $227 | +7.13 | $220 |
| Gross Loans ($M) | ▲ | $175 | +6.75 | $168 |
| Loan Growth YoY (%) | ▼ | 97.56% | -1.15 | 98.71% |
| Total Deposits ($M) | ▲ | $177 | +8.21 | $169 |
| Shareholders Equity ($M) | ▼ | $18 | -3.04 | $21 |
| Tang. Book Value ($M) | ▼ | $18 | -3.04 | $21 |
| TBV excl. AOCI ($M)** | ▼ | $19 | -3.17 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 97.56% | -1.15 | 98.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.25% | +2.62 | 1.63% |
| Allowance / Loans (%) | — | 1.13% | 0.36% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 5.53% | +3.42 | 2.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.33% | -2.62 | 13.95% |
Noninterest income ($0.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▇█▁▄ | Net Interest Margin (%) | 2.36% | 2.41% | 2.42% | 2.55% | 2.58% | 2.64% | 2.37% | 2.50% |
| ██████▁▇ | Return on Assets (%) | 0.04% | 0.06% | -0.02% | 0.04% | 0.04% | 0.11% | -1.01% | -0.05% |
| ▃▂▃▃▃▁█▆ | Efficiency Ratio (%) | 98.1% | 96.6% | 98.7% | 98.7% | 98.1% | 94.4% | 106.3% | 102.4% |
| ██▃▃▃▂▄▁ | Cost of Funds (%) | 3.08% | 3.13% | 2.83% | 2.82% | 2.81% | 2.74% | 2.84% | 2.67% |
| ▁▁▁▃▄▃██ | NPA / Assets (%) | 0.31% | 0.36% | 0.54% | 1.63% | 1.91% | 1.71% | 4.07% | 4.25% |
| ▁▁▁▃▄▃██ | Net Charge-Off Ratio (%) | 0.39% | 0.45% | 0.72% | 2.10% | 2.48% | 2.19% | 5.29% | 5.53% |
| ▇█▇█▇▇▁▁ | Tang. Book Value ($M) | $20 | $21 | $20 | $21 | $20 | $20 | $18 | $18 |
| ▁▄▃▂▃███ | Gross Loans ($M) | $166 | $169 | $168 | $168 | $168 | $174 | $174 | $175 |
| ▁▂▃▆▅▃▇█ | Total Deposits ($M) | $153 | $157 | $162 | $169 | $166 | $161 | $172 | $177 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 24% |