Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.06% | -0.45 | 0.51% |
| Return on Equity (%) | ▼ | 0.89% | -7.17 | 8.06% |
| Net Interest Margin (%) | ▲ | 2.34% | +0.09 | 2.25% |
| Efficiency Ratio (%) | ▲ | 73.44% | -2.45 | 75.89% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 2.31% | -0.17 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $321 | +17.79 | $303 |
| Gross Loans ($M) | ▼ | $203 | -3.30 | $206 |
| Loan Growth YoY (%) | ▼ | 70.90% | -6.59 | 77.48% |
| Total Deposits ($M) | ▲ | $282 | +19.03 | $263 |
| Shareholders Equity ($M) | ▲ | $23 | +2.97 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +2.97 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.19 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 70.90% | -6.59 | 77.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.67% | +0.47 | 0.20% |
| Allowance / Loans (%) | — | 1.39% | 0.27% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 1.06% | +0.76 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄██▃ | Net Interest Margin (%) | 2.27% | 2.27% | 2.27% | 2.25% | 2.38% | 2.54% | 2.52% | 2.34% |
| ▇▇▆▆▄▇█▁ | Return on Assets (%) | 0.60% | 0.60% | 0.56% | 0.51% | 0.40% | 0.66% | 0.76% | 0.06% |
| ▇▇▆█▆▃▁▆ | Efficiency Ratio (%) | 74.1% | 74.4% | 73.4% | 75.9% | 73.6% | 69.6% | 67.0% | 73.4% |
| ▅█▆▆▅▁▆▂ | Cost of Funds (%) | 2.42% | 2.58% | 2.49% | 2.48% | 2.45% | 2.26% | 2.48% | 2.31% |
| ▁▂▂▂▂▂▁█ | NPA / Assets (%) | 0.10% | 0.23% | 0.23% | 0.20% | 0.21% | 0.18% | 0.16% | 0.67% |
| ▁▂▂▂▂▁▁█ | Net Charge-Off Ratio (%) | 0.15% | 0.35% | 0.36% | 0.30% | 0.31% | 0.26% | 0.24% | 1.06% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $18 | $19 | $19 | $20 | $21 | $22 | $23 | $23 |
| ▁▁▃▅▇██▃ | Gross Loans ($M) | $198 | $199 | $203 | $206 | $210 | $213 | $213 | $203 |
| ▁▃▆▃▄▃██ | Total Deposits ($M) | $253 | $262 | $271 | $263 | $266 | $263 | $281 | $282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 7% |
| Agricultural | 24% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 8% |