Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.43 | 1.54% |
| Return on Equity (%) | ▼ | 7.63% | -5.94 | 13.57% |
| Net Interest Margin (%) | ▼ | 3.67% | -0.61 | 4.29% |
| Efficiency Ratio (%) | ▼ | 60.67% | +7.93 | 52.74% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.27 | $1 |
| Cost of Funds (%) | ▲ | 0.96% | -0.04 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $199 | -3.31 | $203 |
| Gross Loans ($M) | ▼ | $90 | -2.74 | $93 |
| Loan Growth YoY (%) | ▲ | 52.75% | +0.65 | 52.10% |
| Total Deposits ($M) | ▼ | $166 | -7.05 | $174 |
| Shareholders Equity ($M) | ▲ | $29 | +5.76 | $23 |
| Tang. Book Value ($M) | ▲ | $29 | +5.76 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +5.78 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 52.75% | +0.65 | 52.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.77% | +0.20 | 2.57% |
| Allowance / Loans (%) | — | 2.60% | -0.09% | 2.69% |
| Net Charge-Off Ratio (%) | ▼ | 6.10% | +0.51 | 5.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▄▄▅▄▁ | Net Interest Margin (%) | 5.05% | 5.11% | 4.92% | 4.29% | 4.36% | 4.49% | 4.39% | 3.67% |
| ██▅▅▆▅▃▁ | Return on Assets (%) | 1.88% | 1.91% | 1.57% | 1.54% | 1.62% | 1.55% | 1.34% | 1.11% |
| ▃▂▁▄▃▄▄█ | Efficiency Ratio (%) | 51.0% | 50.3% | 47.0% | 52.7% | 51.0% | 52.6% | 53.8% | 60.7% |
| ▄█▁▃▇█▁▁ | Cost of Funds (%) | 1.04% | 1.15% | 0.94% | 1.00% | 1.11% | 1.13% | 0.96% | 0.96% |
| ▂▁▃▄▅█▅▅ | NPA / Assets (%) | 0.87% | 0.22% | 1.49% | 2.57% | 2.86% | 5.29% | 2.95% | 2.77% |
| ▁▁▃▅▄█▅▅ | Net Charge-Off Ratio (%) | 1.59% | 0.38% | 2.94% | 5.59% | 5.21% | 10.24% | 5.92% | 6.10% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $21 | $22 | $22 | $23 | $25 | $26 | $29 | $29 |
| ▅▃▅▂█▄▃▁ | Gross Loans ($M) | $98 | $95 | $98 | $93 | $104 | $96 | $95 | $90 |
| ▃▁▆█▅▃▄▆ | Total Deposits ($M) | $154 | $147 | $166 | $174 | $161 | $155 | $159 | $166 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 26% |
| C&I / Commercial | 13% |
| Agricultural | 56% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 16% |