Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.08 | 0.75% |
| Return on Equity (%) | ▲ | 5.92% | +0.29 | 5.63% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.06 | 3.76% |
| Efficiency Ratio (%) | ▲ | 72.54% | -2.23 | 74.76% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $0 |
| Cost of Funds (%) | ▲ | 1.27% | -0.02 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $131 | +2.45 | $129 |
| Gross Loans ($M) | ▼ | $79 | -0.79 | $80 |
| Loan Growth YoY (%) | ▼ | 69.86% | -1.46 | 71.32% |
| Total Deposits ($M) | ▲ | $112 | +1.14 | $111 |
| Shareholders Equity ($M) | ▲ | $18 | +1.22 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.28 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.37 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 69.86% | -1.46 | 71.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.10% | +0.30 | 1.81% |
| Allowance / Loans (%) | — | 0.78% | 0.06% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 3.43% | +0.59 | 2.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▁▇██▅ | Net Interest Margin (%) | 3.79% | 3.77% | 3.76% | 3.76% | 3.85% | 3.88% | 3.87% | 3.82% |
| ▆▆▅▄▅▅▁█ | Return on Assets (%) | 0.78% | 0.79% | 0.77% | 0.75% | 0.76% | 0.77% | 0.69% | 0.83% |
| ▆▅▇▆▂▁█▁ | Efficiency Ratio (%) | 74.7% | 74.7% | 75.3% | 74.8% | 73.3% | 72.9% | 76.1% | 72.5% |
| ▁▆█▄▂▄▅▃ | Cost of Funds (%) | 1.22% | 1.33% | 1.37% | 1.29% | 1.25% | 1.29% | 1.31% | 1.27% |
| ▃▄▅▆▁▃▆█ | NPA / Assets (%) | 1.39% | 1.55% | 1.63% | 1.81% | 1.15% | 1.46% | 1.77% | 2.10% |
| ▂▃▄▆▁▃▆█ | Net Charge-Off Ratio (%) | 2.06% | 2.28% | 2.48% | 2.85% | 1.80% | 2.32% | 2.84% | 3.43% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $16 | $16 | $16 | $17 | $17 | $18 | $18 | $18 |
| ██▄▂▃▄▂▁ | Gross Loans ($M) | $82 | $82 | $81 | $80 | $80 | $81 | $80 | $79 |
| ▃▁▃▆██▇█ | Total Deposits ($M) | $109 | $107 | $109 | $111 | $113 | $113 | $112 | $112 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |