Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.46% | +0.95 | -0.49% |
| Return on Equity (%) | ▲ | 4.08% | +9.41 | -5.33% |
| Net Interest Margin (%) | ▲ | 4.58% | +1.08 | 3.50% |
| Efficiency Ratio (%) | ▲ | 87.71% | -23.04 | 110.75% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.38 | $-0 |
| Cost of Funds (%) | ▲ | 2.13% | -0.02 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $129 | -14.14 | $143 |
| Gross Loans ($M) | ▼ | $91 | -20.94 | $112 |
| Loan Growth YoY (%) | ▼ | 81.37% | -5.12 | 86.49% |
| Total Deposits ($M) | ▼ | $110 | -18.32 | $128 |
| Shareholders Equity ($M) | ▲ | $15 | +1.74 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +1.74 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 81.37% | -5.12 | 86.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.61% | +1.93 | 2.69% |
| Allowance / Loans (%) | — | 1.75% | 0.80% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 4.21% | +0.77 | 3.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▁▃▃▂█ | Net Interest Margin (%) | 3.46% | 3.51% | 4.04% | 3.50% | 3.84% | 3.79% | 3.71% | 4.58% |
| ▃▃▁▂█▆▄▃ | Return on Assets (%) | 0.14% | 0.36% | -1.07% | -0.49% | 3.34% | 1.87% | 1.12% | 0.46% |
| ▅▄██▁▁▂▅ | Efficiency Ratio (%) | 89.9% | 86.3% | 115.8% | 110.7% | 58.9% | 64.5% | 67.2% | 87.7% |
| ▇██▂▁▂▂▂ | Cost of Funds (%) | 2.33% | 2.42% | 2.38% | 2.15% | 2.07% | 2.13% | 2.15% | 2.13% |
| ▆▆▁▄▃▄██ | NPA / Assets (%) | 3.63% | 3.66% | 1.18% | 2.69% | 2.16% | 2.63% | 4.47% | 4.61% |
| ▆▆▁▄▂▄█▅ | Net Charge-Off Ratio (%) | 4.60% | 4.64% | 1.56% | 3.44% | 2.56% | 3.43% | 6.10% | 4.21% |
| ▆█▁▁█▇▆▆ | Tang. Book Value ($M) | $15 | $15 | $13 | $13 | $16 | $15 | $15 | $15 |
| ████▆▆▄▁ | Gross Loans ($M) | $111 | $111 | $110 | $112 | $104 | $104 | $100 | $91 |
| ▅▅██▇▄▃▁ | Total Deposits ($M) | $121 | $120 | $129 | $128 | $127 | $118 | $116 | $110 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| C&I / Commercial | 31% |
| Agricultural | 16% |
| Consumer | 5% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 17% |