Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.29 | 1.05% |
| Return on Equity (%) | ▲ | 11.38% | +1.69 | 9.69% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.24 | 3.48% |
| Efficiency Ratio (%) | ▲ | 66.09% | -4.23 | 70.32% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.89% | -0.28 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $185 | +4.76 | $180 |
| Gross Loans ($M) | ▲ | $112 | +1.01 | $111 |
| Loan Growth YoY (%) | ▼ | 68.70% | -1.30 | 70.00% |
| Total Deposits ($M) | ▲ | $161 | +4.54 | $157 |
| Shareholders Equity ($M) | ▲ | $22 | +1.32 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +1.32 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.26 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 68.70% | -1.30 | 70.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.41% | -0.41 | 1.82% |
| Allowance / Loans (%) | — | 1.08% | -0.08% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 1.91% | -0.91 | 2.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.14% | 3.19% | 3.25% | 3.48% | 3.57% | 3.58% | 3.65% | 3.72% |
| █▅▅▁▁▁▁▄ | Return on Assets (%) | 1.64% | 1.39% | 1.37% | 1.05% | 1.07% | 1.05% | 1.07% | 1.34% |
| ▁▃▃█▇▇▇▆ | Efficiency Ratio (%) | 58.9% | 63.0% | 63.2% | 70.3% | 67.7% | 68.8% | 68.1% | 66.1% |
| ▇█▅▄▃▅▂▁ | Cost of Funds (%) | 2.44% | 2.59% | 2.32% | 2.17% | 2.11% | 2.30% | 1.99% | 1.89% |
| ▁▄▄█▄▆▁▄ | NPA / Assets (%) | 1.01% | 1.32% | 1.35% | 1.82% | 1.40% | 1.53% | 0.99% | 1.41% |
| ▂▅▅█▅▇▁▄ | Net Charge-Off Ratio (%) | 1.63% | 2.23% | 2.15% | 2.82% | 2.14% | 2.47% | 1.31% | 1.91% |
| ▁▅▁▄▄▇██ | Tang. Book Value ($M) | $19 | $21 | $19 | $20 | $20 | $21 | $22 | $22 |
| ▂▂▁▃█▆▃▄ | Gross Loans ($M) | $109 | $109 | $108 | $111 | $117 | $114 | $111 | $112 |
| ▁▅▅▅▃███ | Total Deposits ($M) | $151 | $157 | $157 | $157 | $155 | $161 | $161 | $161 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 17% |
| Agricultural | 18% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 19% |