Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.52% | +3.38 | 0.14% |
| Return on Equity (%) | ▲ | 33.27% | +31.82 | 1.45% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.24 | 3.14% |
| Efficiency Ratio (%) | ▲ | 44.35% | -36.63 | 80.99% |
| Pre-Provision Profit ($M) | ▲ | $3 | +2.84 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.43 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $351 | +13.46 | $337 |
| Gross Loans ($M) | ▼ | $220 | -13.98 | $234 |
| Loan Growth YoY (%) | ▼ | 75.51% | -10.09 | 85.61% |
| Total Deposits ($M) | ▲ | $288 | +16.71 | $271 |
| Shareholders Equity ($M) | ▲ | $37 | +3.69 | $33 |
| Tang. Book Value ($M) | ▲ | $33 | +3.74 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +4.59 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 75.51% | -10.09 | 85.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.98% | -0.06 | 1.04% |
| Allowance / Loans (%) | — | 1.28% | 0.40% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 1.57% | +0.83 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▅▅█ | Net Interest Margin (%) | 2.71% | 2.72% | 2.71% | 3.14% | 3.16% | 3.10% | 3.12% | 3.38% |
| ▁▁▁▁▁▁▁█ | Return on Assets (%) | 0.43% | 0.45% | 0.53% | 0.14% | 0.33% | 0.34% | 0.40% | 3.52% |
| ███████▁ | Efficiency Ratio (%) | 76.8% | 78.5% | 78.0% | 81.0% | 79.3% | 80.3% | 80.2% | 44.4% |
| ███▆▅▄▃▁ | Cost of Funds (%) | 2.34% | 2.31% | 2.26% | 2.12% | 2.06% | 1.98% | 1.89% | 1.68% |
| ▁▄█▆▄▆█▅ | NPA / Assets (%) | 0.32% | 0.75% | 1.28% | 1.04% | 0.80% | 1.13% | 1.41% | 0.98% |
| ▁▄█▃▁▃▆▇ | Net Charge-Off Ratio (%) | 0.41% | 1.05% | 1.82% | 0.74% | 0.36% | 0.86% | 1.43% | 1.57% |
| ▁▃▃▃▅▆▇█ | Tang. Book Value ($M) | $27 | $28 | $28 | $29 | $30 | $31 | $32 | $33 |
| ███▅▃▂▃▁ | Gross Loans ($M) | $246 | $243 | $243 | $234 | $228 | $227 | $228 | $220 |
| ▄▃▂▂▁▃▂█ | Total Deposits ($M) | $276 | $276 | $273 | $271 | $269 | $275 | $273 | $288 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Agricultural | 13% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 7% |