Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.23 | 0.44% |
| Return on Equity (%) | ▲ | 6.37% | +1.57 | 4.80% |
| Net Interest Margin (%) | ▲ | 2.40% | +0.33 | 2.07% |
| Efficiency Ratio (%) | ▲ | 79.08% | -2.91 | 81.99% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.89% | -0.22 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $628 | -22.04 | $650 |
| Gross Loans ($M) | ▼ | $281 | -61.18 | $342 |
| Loan Growth YoY (%) | ▼ | 65.40% | -9.07 | 74.46% |
| Total Deposits ($M) | ▼ | $424 | -28.33 | $452 |
| Shareholders Equity ($M) | ▲ | $66 | +7.80 | $58 |
| Tang. Book Value ($M) | ▲ | $61 | +7.80 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +12.93 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 65.40% | -9.07 | 74.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.92% | -0.61 | 1.53% |
| Allowance / Loans (%) | — | 1.22% | -0.26% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 2.06% | -0.84 | 2.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅▁▁▂▄█ | Net Interest Margin (%) | 2.27% | 2.26% | 2.26% | 2.07% | 2.09% | 2.15% | 2.20% | 2.40% |
| █▇▅▁▂▂▄▆ | Return on Assets (%) | 0.78% | 0.73% | 0.64% | 0.44% | 0.49% | 0.49% | 0.57% | 0.66% |
| ▁▁▃████▆ | Efficiency Ratio (%) | 67.0% | 68.8% | 72.2% | 82.0% | 82.1% | 82.3% | 83.7% | 79.1% |
| ▇█▅▅▆▅▃▁ | Cost of Funds (%) | 2.18% | 2.26% | 2.11% | 2.11% | 2.16% | 2.08% | 2.01% | 1.89% |
| █▇▃▄▄▁▁▁ | NPA / Assets (%) | 2.15% | 1.86% | 1.29% | 1.53% | 1.47% | 1.06% | 0.96% | 0.92% |
| █▆▂▆▅▁▁▁ | Net Charge-Off Ratio (%) | 3.43% | 3.03% | 2.28% | 2.91% | 2.82% | 2.10% | 2.00% | 2.06% |
| ▂▇▃▂▁▆▇█ | Tang. Book Value ($M) | $53 | $58 | $54 | $53 | $51 | $57 | $59 | $61 |
| ██▆▅▄▃▂▁ | Gross Loans ($M) | $398 | $388 | $365 | $342 | $327 | $312 | $300 | $281 |
| ▂▂▇█▅▁▂▃ | Total Deposits ($M) | $419 | $420 | $444 | $452 | $434 | $414 | $421 | $424 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 29% |
| Agricultural | 10% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 15% |