Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +2.47 | -1.45% |
| Return on Equity (%) | ▲ | 16.23% | +44.22 | -27.99% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.74 | 2.38% |
| Efficiency Ratio (%) | ▲ | 64.83% | -19.45 | 84.28% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.75 | $0 |
| Cost of Funds (%) | ▲ | 2.39% | -0.14 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +31.35 | $328 |
| Gross Loans ($M) | ▲ | $277 | +37.56 | $239 |
| Loan Growth YoY (%) | ▲ | 94.75% | +5.65 | 89.10% |
| Total Deposits ($M) | ▲ | $289 | +25.43 | $263 |
| Shareholders Equity ($M) | ▲ | $23 | +6.21 | $17 |
| Tang. Book Value ($M) | ▲ | $22 | +6.21 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +5.80 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 94.75% | +5.65 | 89.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.63% | -0.02 | 1.65% |
| Allowance / Loans (%) | — | 1.16% | -0.78% | 1.94% |
| Net Charge-Off Ratio (%) | ▲ | 2.11% | -0.15 | 2.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.87% | -0.15 | 10.02% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄▁▃▄▅█ | Net Interest Margin (%) | 2.66% | 2.69% | 2.72% | 2.38% | 2.63% | 2.70% | 2.81% | 3.11% |
| ▇▇▇▁▄▅▆█ | Return on Assets (%) | 0.61% | 0.68% | 0.71% | -1.45% | -0.38% | 0.05% | 0.32% | 1.03% |
| ▆▅▄█▇▅▄▁ | Efficiency Ratio (%) | 77.6% | 75.5% | 74.3% | 84.3% | 81.7% | 76.5% | 73.7% | 64.8% |
| █▆▄▄▅▆▂▁ | Cost of Funds (%) | 2.75% | 2.66% | 2.56% | 2.54% | 2.59% | 2.63% | 2.48% | 2.39% |
| ▁█▇▇▆▆▆▇ | NPA / Assets (%) | 0.88% | 1.79% | 1.67% | 1.65% | 1.50% | 1.54% | 1.55% | 1.63% |
| ▁███▂▂▆▇ | Net Charge-Off Ratio (%) | 1.15% | 2.38% | 2.24% | 2.26% | 1.40% | 1.41% | 2.01% | 2.11% |
| ▁▃▂▁▄▆██ | Tang. Book Value ($M) | $15 | $17 | $16 | $16 | $18 | $20 | $22 | $22 |
| ▁▁▁▂▄▅██ | Gross Loans ($M) | $235 | $234 | $239 | $239 | $251 | $260 | $276 | $277 |
| ▁▂▄▅▅▇▇█ | Total Deposits ($M) | $237 | $247 | $257 | $263 | $264 | $281 | $280 | $289 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 19% |
| Agricultural | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 25% |