Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.10% | -0.03 | 0.13% |
| Return on Equity (%) | ▼ | 1.00% | -0.40 | 1.40% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.19 | 3.38% |
| Efficiency Ratio (%) | ▼ | 94.98% | +0.65 | 94.33% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.13 | $0 |
| Cost of Funds (%) | ▲ | 2.57% | -0.40 | 2.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $341 | -20.66 | $361 |
| Gross Loans ($M) | ▼ | $228 | -37.80 | $266 |
| Loan Growth YoY (%) | ▼ | 75.31% | -10.17 | 85.48% |
| Total Deposits ($M) | ▼ | $300 | -8.27 | $308 |
| Shareholders Equity ($M) | ▲ | $35 | +1.58 | $33 |
| Tang. Book Value ($M) | ▲ | $32 | +1.59 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +1.99 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 75.31% | -10.17 | 85.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.47% | -0.99 | 2.47% |
| Allowance / Loans (%) | — | 1.22% | 0.07% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 1.71% | -1.23 | 2.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▁▁▂█▄ | Net Interest Margin (%) | 3.42% | 3.34% | 3.47% | 3.38% | 3.36% | 3.46% | 3.84% | 3.57% |
| █▇▆▁▃▅▃▁ | Return on Assets (%) | 1.28% | 1.13% | 0.89% | 0.13% | 0.54% | 0.74% | 0.53% | 0.10% |
| ▁▂▄█▆▅▃█ | Efficiency Ratio (%) | 76.4% | 80.0% | 83.9% | 94.3% | 88.3% | 85.9% | 83.2% | 95.0% |
| █▇▆▅█▇▄▁ | Cost of Funds (%) | 3.27% | 3.12% | 3.08% | 2.97% | 3.27% | 3.12% | 2.88% | 2.57% |
| ▁▁▇█▇▇▃▃ | NPA / Assets (%) | 1.20% | 1.13% | 2.17% | 2.47% | 2.20% | 2.27% | 1.51% | 1.47% |
| ▁▁▇█▇█▃▃ | Net Charge-Off Ratio (%) | 1.20% | 1.16% | 2.50% | 2.94% | 2.56% | 2.76% | 1.72% | 1.71% |
| ▁█▂▂▄▇▇▇ | Tang. Book Value ($M) | $30 | $33 | $31 | $31 | $32 | $33 | $32 | $32 |
| ▇██▆▆▅▃▁ | Gross Loans ($M) | $274 | $281 | $278 | $266 | $265 | $257 | $244 | $228 |
| ▃█▆▃▂▃▂▁ | Total Deposits ($M) | $309 | $326 | $318 | $308 | $306 | $308 | $306 | $300 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 21% |
| Agricultural | 14% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 19% |