Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.17% | -0.23 | 0.40% |
| Return on Equity (%) | ▼ | 2.84% | -5.54 | 8.38% |
| Net Interest Margin (%) | ▲ | 2.69% | +0.38 | 2.31% |
| Efficiency Ratio (%) | ▲ | 92.57% | -9.03 | 101.60% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.49 | $-0 |
| Cost of Funds (%) | ▲ | 2.01% | -0.33 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $701 | -19.39 | $721 |
| Gross Loans ($M) | ▼ | $448 | -41.86 | $490 |
| Loan Growth YoY (%) | ▼ | 74.98% | -4.57 | 79.56% |
| Total Deposits ($M) | ▼ | $593 | -18.21 | $611 |
| Shareholders Equity ($M) | ▲ | $42 | +5.69 | $36 |
| Tang. Book Value ($M) | ▲ | $39 | +5.75 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +6.50 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 74.98% | -4.57 | 79.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.17 | 0.50% |
| Allowance / Loans (%) | — | 0.79% | 0.01% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.22 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.68% | +1.16 | 11.52% |
Noninterest income ($1.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.97% | 1.98% | 2.04% | 2.31% | 2.41% | 2.44% | 2.48% | 2.69% |
| ▁▁▃█▇▆▆▆ | Return on Assets (%) | -0.43% | -0.37% | -0.19% | 0.40% | 0.28% | 0.15% | 0.17% | 0.17% |
| ███▇▄▆▅▁ | Efficiency Ratio (%) | 104.4% | 104.5% | 103.2% | 101.6% | 98.2% | 100.6% | 99.5% | 92.6% |
| ██▇▄▄▄▄▁ | Cost of Funds (%) | 2.66% | 2.71% | 2.61% | 2.34% | 2.32% | 2.31% | 2.29% | 2.01% |
| █▃▄▄▅▄▇▁ | NPA / Assets (%) | 0.75% | 0.49% | 0.49% | 0.50% | 0.55% | 0.51% | 0.70% | 0.34% |
| █▁▁▁▁▁▃▃ | Net Charge-Off Ratio (%) | 1.03% | 0.26% | 0.24% | 0.26% | 0.30% | 0.25% | 0.47% | 0.48% |
| ▁▅▂▄▆▇██ | Tang. Book Value ($M) | $28 | $34 | $30 | $33 | $35 | $38 | $40 | $39 |
| ██▇▅▃▁▁▁ | Gross Loans ($M) | $520 | $518 | $503 | $490 | $473 | $446 | $449 | $448 |
| ▁█▇█▆█▄▆ | Total Deposits ($M) | $542 | $608 | $602 | $611 | $589 | $603 | $569 | $593 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 26% |