Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.11 | 0.49% |
| Return on Equity (%) | ▼ | 5.08% | -1.86 | 6.94% |
| Net Interest Margin (%) | ▼ | 2.98% | -0.02 | 3.00% |
| Efficiency Ratio (%) | ▼ | 86.14% | +4.50 | 81.64% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.05 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $420 | +16.00 | $404 |
| Gross Loans ($M) | ▲ | $218 | +16.56 | $202 |
| Loan Growth YoY (%) | ▲ | 55.64% | +2.52 | 53.12% |
| Total Deposits ($M) | ▲ | $385 | +12.98 | $372 |
| Shareholders Equity ($M) | ▲ | $32 | +3.13 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +3.16 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +3.31 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 55.64% | +2.52 | 53.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.01 | 0.15% |
| Allowance / Loans (%) | — | 1.98% | -0.18% | 2.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.02 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.41% | -0.32 | 17.73% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▂▃▅▆▁ | Net Interest Margin (%) | 3.10% | 3.13% | 3.14% | 3.00% | 3.02% | 3.07% | 3.10% | 2.98% |
| ▆██▆▅▇▅▁ | Return on Assets (%) | 0.51% | 0.55% | 0.55% | 0.49% | 0.48% | 0.51% | 0.49% | 0.38% |
| ▁▁▁▃▄▂▄█ | Efficiency Ratio (%) | 80.4% | 79.8% | 80.0% | 81.6% | 82.2% | 81.1% | 82.3% | 86.1% |
| ▁▃▃▃▄█▆▁ | Cost of Funds (%) | 1.56% | 1.61% | 1.60% | 1.59% | 1.62% | 1.72% | 1.66% | 1.54% |
| ▁▃▄▂█▁▁▂ | NPA / Assets (%) | 0.13% | 0.17% | 0.18% | 0.15% | 0.28% | 0.11% | 0.12% | 0.14% |
| ▁▃▄▂█▁▁▂ | Net Charge-Off Ratio (%) | 0.26% | 0.34% | 0.36% | 0.30% | 0.58% | 0.21% | 0.22% | 0.27% |
| ▁▅▃▃▃▆██ | Tang. Book Value ($M) | $27 | $29 | $28 | $29 | $28 | $30 | $31 | $32 |
| ▂▂▄▁▂▄█▆ | Gross Loans ($M) | $206 | $205 | $211 | $202 | $207 | $212 | $226 | $218 |
| ▄▂▅▁█▅█▆ | Total Deposits ($M) | $380 | $375 | $382 | $372 | $391 | $383 | $391 | $385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 2% |