Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.87% | -0.20 | 1.07% |
| Return on Equity (%) | ▼ | 8.52% | -2.08 | 10.60% |
| Net Interest Margin (%) | ▼ | 3.96% | -0.08 | 4.04% |
| Efficiency Ratio (%) | ▼ | 70.35% | +8.19 | 62.16% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.48 | $3 |
| Cost of Funds (%) | ▲ | 1.18% | -0.12 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $662 | +31.99 | $630 |
| Gross Loans ($M) | ▼ | $445 | -2.53 | $447 |
| Loan Growth YoY (%) | ▼ | 74.00% | -4.71 | 78.71% |
| Total Deposits ($M) | ▲ | $591 | +31.59 | $559 |
| Shareholders Equity ($M) | ▲ | $67 | +1.72 | $65 |
| Tang. Book Value ($M) | ▲ | $59 | +1.77 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +1.34 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 74.00% | -4.71 | 78.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.34% | -0.32 | 3.65% |
| Allowance / Loans (%) | — | 1.68% | 0.10% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 4.63% | -0.50 | 5.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇█▇▆▆ | Net Interest Margin (%) | 3.69% | 3.72% | 3.78% | 4.04% | 4.09% | 4.03% | 3.95% | 3.96% |
| ▇▆▇██▆▁▆ | Return on Assets (%) | 0.97% | 0.85% | 0.93% | 1.07% | 1.04% | 0.84% | 0.44% | 0.87% |
| ▃▄▄▁▂▄██ | Efficiency Ratio (%) | 65.0% | 65.5% | 65.5% | 62.2% | 63.8% | 65.6% | 69.4% | 70.3% |
| ▇█▅▂▁▃▃▁ | Cost of Funds (%) | 1.62% | 1.69% | 1.48% | 1.30% | 1.22% | 1.32% | 1.34% | 1.18% |
| ▁▃▅█████ | NPA / Assets (%) | 0.48% | 1.56% | 2.20% | 3.65% | 3.45% | 3.29% | 3.29% | 3.34% |
| ▁▃▅███▇█ | Net Charge-Off Ratio (%) | 0.69% | 2.24% | 3.07% | 5.13% | 5.01% | 4.69% | 4.04% | 4.63% |
| ▁▄▂▅▆█▇▇ | Tang. Book Value ($M) | $53 | $56 | $55 | $58 | $58 | $61 | $59 | $59 |
| ▁▁▃▂▃█▄▁ | Gross Loans ($M) | $443 | $443 | $449 | $447 | $450 | $463 | $452 | $445 |
| ▅▃▁▁▇█▃█ | Total Deposits ($M) | $576 | $568 | $561 | $559 | $583 | $588 | $568 | $591 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |