Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.24% | -0.51 | 1.75% |
| Return on Equity (%) | ▼ | 11.73% | -3.91 | 15.64% |
| Net Interest Margin (%) | ▼ | 4.35% | -0.49 | 4.84% |
| Efficiency Ratio (%) | ▼ | 70.91% | +8.03 | 62.88% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.54 | $2 |
| Cost of Funds (%) | ▼ | 1.65% | +0.19 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $455 | +45.56 | $410 |
| Gross Loans ($M) | ▼ | $316 | -2.96 | $319 |
| Loan Growth YoY (%) | ▼ | 85.36% | -13.80 | 99.16% |
| Total Deposits ($M) | ▲ | $365 | +47.36 | $318 |
| Shareholders Equity ($M) | ▲ | $47 | +0.35 | $47 |
| Tang. Book Value ($M) | ▼ | $46 | -0.72 | $46 |
| TBV excl. AOCI ($M)** | ▼ | $47 | -0.69 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 85.36% | -13.80 | 99.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.68 | 0.27% |
| Allowance / Loans (%) | — | 1.28% | 0.17% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.34% | +0.99 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.21% | -0.45 | 14.67% |
Noninterest income ($0.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅███▇▁ | Net Interest Margin (%) | 4.64% | 4.63% | 4.66% | 4.84% | 4.86% | 4.83% | 4.79% | 4.35% |
| ▂▆▆█▅▇▆▁ | Return on Assets (%) | 1.36% | 1.61% | 1.59% | 1.75% | 1.52% | 1.64% | 1.60% | 1.24% |
| ▄▄▄▁▁▂▃█ | Efficiency Ratio (%) | 66.6% | 65.9% | 66.0% | 62.9% | 63.5% | 63.9% | 65.5% | 70.9% |
| ▁▃█▁▂▅▇▇ | Cost of Funds (%) | 1.47% | 1.52% | 1.70% | 1.46% | 1.50% | 1.61% | 1.64% | 1.65% |
| ▁▁▂▂▃█▆█ | NPA / Assets (%) | 0.08% | 0.19% | 0.22% | 0.27% | 0.32% | 0.85% | 0.71% | 0.95% |
| ▁▁▂▂▃▇▆█ | Net Charge-Off Ratio (%) | 0.12% | 0.27% | 0.31% | 0.35% | 0.44% | 1.14% | 0.98% | 1.34% |
| ▁▅▂▄▅██▃ | Tang. Book Value ($M) | $44 | $47 | $45 | $46 | $47 | $49 | $49 | $46 |
| ▁▂▂▇▇█▇▇ | Gross Loans ($M) | $287 | $294 | $296 | $319 | $317 | $325 | $319 | $316 |
| ▁▁▂▁▄▇██ | Total Deposits ($M) | $320 | $323 | $327 | $318 | $339 | $354 | $360 | $365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 19% |
| Agricultural | 4% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 11% |