Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.38 | 0.66% |
| Return on Equity (%) | ▲ | 9.49% | +2.83 | 6.66% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.37 | 3.03% |
| Efficiency Ratio (%) | ▲ | 65.24% | -6.99 | 72.22% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.18 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $594 | +5.81 | $588 |
| Gross Loans ($M) | ▲ | $378 | +8.28 | $370 |
| Loan Growth YoY (%) | ▼ | 75.00% | -0.05 | 75.05% |
| Total Deposits ($M) | ▲ | $496 | +10.67 | $486 |
| Shareholders Equity ($M) | ▲ | $65 | +7.43 | $58 |
| Tang. Book Value ($M) | ▲ | $57 | +7.83 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +6.71 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 75.00% | -0.05 | 75.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.32 | 0.11% |
| Allowance / Loans (%) | — | 1.49% | 0.11% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.49 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.60% | 2.60% | 2.67% | 3.03% | 3.12% | 3.19% | 3.24% | 3.39% |
| ▂▁▁▄▆▆▇█ | Return on Assets (%) | 0.46% | 0.34% | 0.34% | 0.66% | 0.81% | 0.83% | 0.88% | 1.04% |
| ███▅▂▂▂▁ | Efficiency Ratio (%) | 76.1% | 76.5% | 76.6% | 72.2% | 67.9% | 67.2% | 67.7% | 65.2% |
| ██▇▃▄▅▃▁ | Cost of Funds (%) | 2.22% | 2.26% | 2.14% | 1.92% | 1.94% | 2.05% | 1.87% | 1.74% |
| ▁▁▁▁█▇▁▃ | NPA / Assets (%) | 0.08% | 0.16% | 0.17% | 0.11% | 1.14% | 0.96% | 0.05% | 0.43% |
| ▁▁▁▁█▇▁▃ | Net Charge-Off Ratio (%) | 0.13% | 0.27% | 0.29% | 0.18% | 1.76% | 1.48% | 0.08% | 0.67% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $46 | $50 | $47 | $49 | $51 | $54 | $57 | $57 |
| ▁▁▁▅█▇█▆ | Gross Loans ($M) | $346 | $347 | $346 | $370 | $387 | $384 | $390 | $378 |
| ▂▂▁▄▄▄██ | Total Deposits ($M) | $480 | $480 | $477 | $486 | $487 | $485 | $497 | $496 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 12% |
| Agricultural | 24% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 6% |