Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.04 | 0.67% |
| Return on Equity (%) | ▼ | 9.33% | -3.47 | 12.80% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.26 | 2.77% |
| Efficiency Ratio (%) | ▲ | 68.44% | -1.15 | 69.59% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 2.09% | -0.13 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $373 | +3.49 | $369 |
| Gross Loans ($M) | ▲ | $252 | +15.43 | $237 |
| Loan Growth YoY (%) | ▲ | 72.20% | +3.88 | 68.32% |
| Total Deposits ($M) | ▲ | $345 | +1.96 | $343 |
| Shareholders Equity ($M) | ▲ | $25 | +5.19 | $20 |
| Tang. Book Value ($M) | ▲ | $25 | +5.19 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.67 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 72.20% | +3.88 | 68.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.98% | +1.25 | 1.74% |
| Allowance / Loans (%) | — | 1.26% | 0.22% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 4.29% | +1.61 | 2.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▆▅▆▇█ | Net Interest Margin (%) | 2.29% | 2.49% | 2.56% | 2.77% | 2.73% | 2.83% | 2.87% | 3.02% |
| ▁▁▃▇▇██▆ | Return on Assets (%) | 0.41% | 0.44% | 0.51% | 0.67% | 0.67% | 0.72% | 0.71% | 0.62% |
| ██▆▁▂▁▁▁ | Efficiency Ratio (%) | 82.2% | 82.5% | 78.5% | 69.6% | 70.5% | 70.2% | 70.2% | 68.4% |
| ▁██▇█▇▆▅ | Cost of Funds (%) | 1.74% | 2.29% | 2.31% | 2.23% | 2.27% | 2.19% | 2.12% | 2.09% |
| ▁▁▁▅▇▇▇█ | NPA / Assets (%) | 0.34% | 0.29% | 0.38% | 1.74% | 2.47% | 2.38% | 2.61% | 2.98% |
| ▁▁▁▅▇▇██ | Net Charge-Off Ratio (%) | 0.46% | 0.44% | 0.57% | 2.68% | 3.74% | 3.57% | 3.89% | 4.29% |
| ▁▅▁▃▅███ | Tang. Book Value ($M) | $17 | $22 | $18 | $20 | $21 | $24 | $25 | $25 |
| ▁▁▂▅▆▅██ | Gross Loans ($M) | $219 | $219 | $225 | $237 | $240 | $239 | $250 | $252 |
| ▃▂▄▇▂▁▄█ | Total Deposits ($M) | $338 | $335 | $339 | $343 | $336 | $333 | $339 | $345 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 25% |
| Agricultural | 2% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 25% |