Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -0.36 | 1.63% |
| Return on Equity (%) | ▼ | 10.96% | -3.98 | 14.94% |
| Net Interest Margin (%) | ▼ | 4.07% | -0.33 | 4.40% |
| Efficiency Ratio (%) | ▼ | 72.85% | +5.43 | 67.43% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.21 | $1 |
| Cost of Funds (%) | ▼ | 0.84% | +0.27 | 0.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +4.78 | $242 |
| Gross Loans ($M) | ▲ | $150 | +4.70 | $145 |
| Loan Growth YoY (%) | ▲ | 68.36% | +1.10 | 67.26% |
| Total Deposits ($M) | ▲ | $217 | +3.39 | $214 |
| Shareholders Equity ($M) | ▲ | $28 | +1.42 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +1.42 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +1.11 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 68.36% | +1.10 | 67.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.05 | 0.28% |
| Allowance / Loans (%) | — | 1.09% | -0.01% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.09 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -27.37 | 27.37% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▇█▆▇▇█▁ | Net Interest Margin (%) | 4.38% | 4.49% | 4.58% | 4.40% | 4.48% | 4.51% | 4.52% | 4.07% |
| ▁▃▅████▇ | Return on Assets (%) | 0.11% | 0.68% | 1.04% | 1.63% | 1.61% | 1.61% | 1.65% | 1.28% |
| ▂▁▁▄▅▅▄█ | Efficiency Ratio (%) | 64.5% | 63.8% | 63.0% | 67.4% | 68.3% | 68.3% | 67.4% | 72.9% |
| ▁▁▁▃▅▆▇█ | Cost of Funds (%) | 0.46% | 0.48% | 0.50% | 0.57% | 0.67% | 0.73% | 0.75% | 0.84% |
| █▆▆▂▇▅▁▁ | NPA / Assets (%) | 0.48% | 0.41% | 0.39% | 0.28% | 0.42% | 0.36% | 0.25% | 0.23% |
| █▇▆▂▆▄▁▁ | Net Charge-Off Ratio (%) | 0.79% | 0.70% | 0.64% | 0.47% | 0.68% | 0.58% | 0.40% | 0.38% |
| ▁▅▃▅▆█▇█ | Tang. Book Value ($M) | $24 | $27 | $26 | $27 | $27 | $29 | $28 | $28 |
| ▁▁▂▂▃▅██ | Gross Loans ($M) | $145 | $144 | $145 | $145 | $146 | $148 | $150 | $150 |
| ▆█▅▅▂▁▃█ | Total Deposits ($M) | $215 | $217 | $213 | $214 | $209 | $208 | $211 | $217 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 2% |