Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.02% | -0.25 | 1.27% |
| Return on Equity (%) | ▼ | 8.91% | -3.09 | 12.00% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.13 | 3.84% |
| Efficiency Ratio (%) | ▼ | 68.14% | +2.05 | 66.09% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.00 | $1 |
| Cost of Funds (%) | ▲ | 1.77% | -0.05 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $316 | -0.64 | $317 |
| Gross Loans ($M) | ▲ | $228 | +20.21 | $208 |
| Loan Growth YoY (%) | ▲ | 81.21% | +8.05 | 73.16% |
| Total Deposits ($M) | ▼ | $278 | -3.16 | $281 |
| Shareholders Equity ($M) | ▲ | $37 | +2.54 | $34 |
| Tang. Book Value ($M) | ▲ | $35 | +2.90 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +2.36 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 81.21% | +8.05 | 73.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.65% | +0.46 | 0.19% |
| Allowance / Loans (%) | — | 1.09% | -0.03% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.69% | +0.63 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.31% | -0.11 | 15.42% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▇▄▁▅██▇ | Net Interest Margin (%) | 3.93% | 3.96% | 3.91% | 3.84% | 3.93% | 4.00% | 4.00% | 3.97% |
| ██▇▆▆▆▅▁ | Return on Assets (%) | 1.36% | 1.38% | 1.31% | 1.27% | 1.25% | 1.25% | 1.22% | 1.02% |
| ▁▂▄▄████ | Efficiency Ratio (%) | 64.1% | 64.7% | 65.8% | 66.1% | 67.7% | 67.8% | 67.9% | 68.1% |
| ▆█▄▁▃▅▂▁ | Cost of Funds (%) | 2.04% | 2.14% | 1.92% | 1.81% | 1.86% | 1.98% | 1.82% | 1.77% |
| ▁▃▃▃▂▃▂█ | NPA / Assets (%) | 0.00% | 0.17% | 0.17% | 0.19% | 0.15% | 0.19% | 0.15% | 0.65% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.03% | 0.06% | 0.00% | 0.06% | 0.00% | 0.69% |
| ▁▄▁▃▅█▇█ | Tang. Book Value ($M) | $31 | $33 | $31 | $32 | $33 | $35 | $34 | $35 |
| ▁▁▃▃▄▃▇█ | Gross Loans ($M) | $200 | $197 | $206 | $208 | $209 | $209 | $223 | $228 |
| ▃▁▃▇▇▄█▆ | Total Deposits ($M) | $271 | $266 | $271 | $281 | $281 | $273 | $284 | $278 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 14% |
| Agricultural | 34% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 11% |