Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.01 | 0.95% |
| Return on Equity (%) | ▼ | 11.79% | -2.47 | 14.26% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.12 | 3.32% |
| Efficiency Ratio (%) | ▼ | 73.58% | +0.87 | 72.71% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.75% | -0.09 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $352 | +2.10 | $350 |
| Gross Loans ($M) | ▲ | $212 | +8.17 | $204 |
| Loan Growth YoY (%) | ▲ | 65.09% | +3.03 | 62.06% |
| Total Deposits ($M) | ▼ | $321 | -2.36 | $323 |
| Shareholders Equity ($M) | ▲ | $28 | +4.63 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +4.63 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +4.80 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 65.09% | +3.03 | 62.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.76% | +1.31 | 0.45% |
| Allowance / Loans (%) | — | 1.48% | -0.10% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 2.83% | +2.06 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇███ | Net Interest Margin (%) | 3.16% | 3.22% | 3.25% | 3.32% | 3.40% | 3.45% | 3.47% | 3.44% |
| ▁▅▄▅▅██▆ | Return on Assets (%) | 0.75% | 0.91% | 0.87% | 0.95% | 0.92% | 1.06% | 1.07% | 0.95% |
| █▄▅▅▃▁▁▆ | Efficiency Ratio (%) | 76.0% | 72.0% | 72.8% | 72.7% | 71.0% | 68.1% | 68.5% | 73.6% |
| ▆▇█▃▄▄▃▁ | Cost of Funds (%) | 1.92% | 1.94% | 1.98% | 1.84% | 1.85% | 1.86% | 1.83% | 1.75% |
| ▁▁▄▂▃▃██ | NPA / Assets (%) | 0.08% | 0.07% | 0.76% | 0.45% | 0.53% | 0.61% | 1.81% | 1.76% |
| ▁▁▄▂▂▃██ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 1.27% | 0.77% | 0.79% | 0.94% | 2.93% | 2.83% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $21 | $25 | $22 | $23 | $24 | $27 | $29 | $28 |
| ▂▂▃▁▅▅██ | Gross Loans ($M) | $205 | $205 | $206 | $204 | $209 | $208 | $212 | $212 |
| ▁▇▇█▆▇█▇ | Total Deposits ($M) | $307 | $321 | $320 | $323 | $319 | $321 | $322 | $321 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Agricultural | 4% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 6% |