Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -0.16 | 1.92% |
| Return on Equity (%) | ▼ | 13.00% | -2.18 | 15.18% |
| Net Interest Margin (%) | ▲ | 4.83% | +0.30 | 4.53% |
| Efficiency Ratio (%) | ▼ | 62.49% | +3.99 | 58.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.28% | -0.22 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $319 | +18.92 | $300 |
| Gross Loans ($M) | ▲ | $222 | +19.30 | $203 |
| Loan Growth YoY (%) | ▲ | 81.50% | +3.09 | 78.41% |
| Total Deposits ($M) | ▲ | $267 | +13.73 | $253 |
| Shareholders Equity ($M) | ▲ | $44 | +5.05 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.05 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +4.87 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 81.50% | +3.09 | 78.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.48% | +0.75 | 1.73% |
| Allowance / Loans (%) | — | 2.06% | -0.05% | 2.11% |
| Net Charge-Off Ratio (%) | ▼ | 3.57% | +1.01 | 2.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 3.78% | 3.87% | 3.97% | 4.53% | 4.51% | 4.58% | 4.62% | 4.83% |
| ▁▂▂█▇▅▄▇ | Return on Assets (%) | 1.10% | 1.22% | 1.29% | 1.92% | 1.74% | 1.54% | 1.47% | 1.77% |
| █▇▇▁▂▃▄▄ | Efficiency Ratio (%) | 68.3% | 66.2% | 66.1% | 58.5% | 60.5% | 61.2% | 62.4% | 62.5% |
| ▇█▆▃▃▃▁▁ | Cost of Funds (%) | 1.77% | 1.91% | 1.73% | 1.50% | 1.46% | 1.44% | 1.32% | 1.28% |
| ▁▁▂▅▄▄▅█ | NPA / Assets (%) | 0.94% | 0.89% | 1.28% | 1.73% | 1.50% | 1.66% | 1.77% | 2.48% |
| ▁▁▂▅▄▄▅█ | Net Charge-Off Ratio (%) | 1.38% | 1.32% | 1.87% | 2.56% | 2.18% | 2.43% | 2.59% | 3.57% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $35 | $38 | $37 | $39 | $40 | $42 | $43 | $44 |
| ▁▁▁▁▃▃██ | Gross Loans ($M) | $203 | $205 | $205 | $203 | $208 | $209 | $221 | $222 |
| ▃▁▃▅▅▅██ | Total Deposits ($M) | $239 | $227 | $239 | $253 | $251 | $252 | $272 | $267 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 11% |
| Agricultural | 44% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 11% |