Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.85% | -0.19 | 2.04% |
| Return on Equity (%) | ▼ | 18.41% | -2.83 | 21.24% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.22 | 4.20% |
| Efficiency Ratio (%) | ▲ | 52.13% | -1.70 | 53.83% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.11 | $2 |
| Cost of Funds (%) | ▲ | 1.36% | -0.38 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $288 | +19.83 | $268 |
| Gross Loans ($M) | ▲ | $181 | +24.16 | $157 |
| Loan Growth YoY (%) | ▲ | 69.18% | +4.88 | 64.30% |
| Total Deposits ($M) | ▲ | $257 | +17.33 | $239 |
| Shareholders Equity ($M) | ▲ | $29 | +2.66 | $26 |
| Tang. Book Value ($M) | ▲ | $26 | +2.69 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.70 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 69.18% | +4.88 | 64.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.16 | 0.63% |
| Allowance / Loans (%) | — | 1.79% | 0.04% | 1.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.75% | -0.33 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▂▁▃▅█ | Net Interest Margin (%) | 4.20% | 4.22% | 4.20% | 4.20% | 4.17% | 4.25% | 4.30% | 4.42% |
| ▆█▃█▅▂▁▅ | Return on Assets (%) | 1.89% | 2.02% | 1.75% | 2.04% | 1.88% | 1.72% | 1.64% | 1.85% |
| ▂▁▃▃▂▇█▁ | Efficiency Ratio (%) | 52.9% | 51.7% | 53.8% | 53.8% | 53.1% | 56.7% | 58.1% | 52.1% |
| ▇██▆▅▅▃▁ | Cost of Funds (%) | 1.86% | 1.95% | 1.92% | 1.74% | 1.72% | 1.66% | 1.51% | 1.36% |
| ▄▁█▆▇▅▂▃ | NPA / Assets (%) | 0.50% | 0.33% | 0.77% | 0.63% | 0.71% | 0.57% | 0.44% | 0.47% |
| ▄▁█▆█▅▃▃ | Net Charge-Off Ratio (%) | 0.80% | 0.47% | 1.28% | 1.08% | 1.22% | 0.97% | 0.68% | 0.75% |
| ▁▆▁▃▂███ | Tang. Book Value ($M) | $22 | $25 | $22 | $23 | $23 | $26 | $26 | $26 |
| ▂▂▁▁▁▁▆█ | Gross Loans ($M) | $160 | $160 | $157 | $157 | $156 | $159 | $174 | $181 |
| ▁▁▃▄▄▄▆█ | Total Deposits ($M) | $227 | $223 | $235 | $239 | $239 | $239 | $247 | $257 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 10% |
| Agricultural | 30% |
| Consumer | 4% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 25% |