Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.07 | 0.53% |
| Return on Equity (%) | ▲ | 5.35% | +0.40 | 4.95% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.12 | 3.62% |
| Efficiency Ratio (%) | ▲ | 82.92% | -1.53 | 84.46% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.06 | $0 |
| Cost of Funds (%) | ▲ | 1.75% | -0.43 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $232 | -0.90 | $233 |
| Gross Loans ($M) | ▼ | $141 | -3.61 | $144 |
| Loan Growth YoY (%) | ▼ | 75.37% | -1.86 | 77.23% |
| Total Deposits ($M) | ▼ | $185 | -0.10 | $185 |
| Shareholders Equity ($M) | ▲ | $26 | +0.88 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +0.88 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +1.50 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 75.37% | -1.86 | 77.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.41% | +0.01 | 1.40% |
| Allowance / Loans (%) | — | 0.90% | -0.04% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 2.33% | +0.07 | 2.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.87% | +1.55 | 19.32% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▃▁▂▃▆█ | Net Interest Margin (%) | 3.64% | 3.67% | 3.66% | 3.62% | 3.64% | 3.66% | 3.70% | 3.75% |
| ▆██▂▁▁▅█ | Return on Assets (%) | 0.57% | 0.59% | 0.60% | 0.53% | 0.52% | 0.52% | 0.56% | 0.60% |
| ▂▁▁██▇▄▅ | Efficiency Ratio (%) | 81.6% | 81.1% | 81.2% | 84.5% | 84.2% | 83.8% | 82.5% | 82.9% |
| ▇██▆▅▄▃▁ | Cost of Funds (%) | 2.25% | 2.41% | 2.39% | 2.18% | 2.11% | 2.02% | 1.96% | 1.75% |
| ▁▁██▇▇▇█ | NPA / Assets (%) | 0.17% | 0.06% | 1.31% | 1.40% | 1.17% | 1.13% | 1.10% | 1.41% |
| ▁▁▇█▇▇▇█ | Net Charge-Off Ratio (%) | 0.26% | 0.10% | 1.98% | 2.26% | 1.94% | 1.91% | 1.82% | 2.33% |
| ▁▃▃▅▃▆██ | Tang. Book Value ($M) | $24 | $25 | $24 | $25 | $24 | $25 | $26 | $26 |
| ███▄▂▁▁▃ | Gross Loans ($M) | $152 | $152 | $152 | $144 | $140 | $137 | $138 | $141 |
| ▁▂▁▅▆█▄▅ | Total Deposits ($M) | $182 | $182 | $181 | $185 | $186 | $188 | $184 | $185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 15% |