Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.28 | 0.79% |
| Return on Equity (%) | ▲ | 13.52% | +2.03 | 11.49% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.28 | 3.52% |
| Efficiency Ratio (%) | ▲ | 66.88% | -6.78 | 73.66% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 1.28% | -0.11 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $602 | +16.17 | $586 |
| Gross Loans ($M) | ▲ | $397 | +8.66 | $388 |
| Loan Growth YoY (%) | ▼ | 74.40% | -2.56 | 76.96% |
| Total Deposits ($M) | ▲ | $527 | +28.18 | $499 |
| Shareholders Equity ($M) | ▲ | $47 | +5.75 | $42 |
| Tang. Book Value ($M) | ▲ | $45 | +5.76 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +5.97 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 74.40% | -2.56 | 76.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.48% | +0.59 | 0.88% |
| Allowance / Loans (%) | — | 1.14% | 0.10% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 2.24% | +0.91 | 1.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▆█ | Net Interest Margin (%) | 3.39% | 3.43% | 3.45% | 3.52% | 3.56% | 3.59% | 3.70% | 3.81% |
| ▄▄▅▁▂▂▆█ | Return on Assets (%) | 0.91% | 0.92% | 0.93% | 0.79% | 0.82% | 0.85% | 0.96% | 1.07% |
| ▄▄▄█▁▂▂▁ | Efficiency Ratio (%) | 70.0% | 69.8% | 69.6% | 73.7% | 67.3% | 68.6% | 68.5% | 66.9% |
| ▂▇█▆▅█▄▁ | Cost of Funds (%) | 1.31% | 1.40% | 1.44% | 1.39% | 1.38% | 1.43% | 1.34% | 1.28% |
| ▁█▄▁▄▁▅▇ | NPA / Assets (%) | 0.89% | 1.65% | 1.27% | 0.88% | 1.23% | 0.97% | 1.30% | 1.48% |
| ▁█▄▁▄▂▅▇ | Net Charge-Off Ratio (%) | 1.34% | 2.52% | 1.89% | 1.33% | 1.90% | 1.50% | 1.99% | 2.24% |
| ▁▅▁▄▄███ | Tang. Book Value ($M) | $36 | $42 | $37 | $40 | $40 | $44 | $45 | $45 |
| ▂▁▄▃▆▄▅█ | Gross Loans ($M) | $387 | $385 | $390 | $388 | $393 | $390 | $391 | $397 |
| ▁▂▁▂██▆█ | Total Deposits ($M) | $495 | $500 | $492 | $499 | $529 | $531 | $517 | $527 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |