Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.03 | 1.42% |
| Return on Equity (%) | ▼ | 14.49% | -1.66 | 16.15% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.33 | 3.01% |
| Efficiency Ratio (%) | ▼ | 61.75% | +0.64 | 61.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.09% | -0.19 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $296 | +7.99 | $288 |
| Gross Loans ($M) | ▲ | $111 | +3.68 | $108 |
| Loan Growth YoY (%) | ▲ | 41.28% | +0.63 | 40.65% |
| Total Deposits ($M) | ▲ | $265 | +4.98 | $260 |
| Shareholders Equity ($M) | ▲ | $29 | +2.92 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +2.97 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.94 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 41.28% | +0.63 | 40.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.22 | 0.30% |
| Allowance / Loans (%) | — | 1.70% | -0.06% | 1.76% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +0.61 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▆▇█ | Net Interest Margin (%) | 2.44% | 2.46% | 2.54% | 3.01% | 3.05% | 3.11% | 3.15% | 3.34% |
| ▁▁▁▇██▇▇ | Return on Assets (%) | 0.63% | 0.67% | 0.72% | 1.42% | 1.53% | 1.61% | 1.49% | 1.39% |
| ███▂▁▁▁▂ | Efficiency Ratio (%) | 77.0% | 76.0% | 74.9% | 61.1% | 59.5% | 58.4% | 60.4% | 61.7% |
| ▇█▆▃▂▂▂▁ | Cost of Funds (%) | 1.51% | 1.61% | 1.43% | 1.28% | 1.19% | 1.20% | 1.17% | 1.09% |
| ▂▂▃▃▃▁▅█ | NPA / Assets (%) | 0.26% | 0.26% | 0.30% | 0.30% | 0.28% | 0.19% | 0.38% | 0.52% |
| ▂▂▃▃▂▁▆█ | Net Charge-Off Ratio (%) | 0.73% | 0.68% | 0.80% | 0.78% | 0.73% | 0.52% | 1.14% | 1.39% |
| ▁▄▃▅▇███ | Tang. Book Value ($M) | $21 | $24 | $24 | $26 | $27 | $28 | $29 | $29 |
| ▃▇▂▄█▆▁▇ | Gross Loans ($M) | $106 | $110 | $105 | $108 | $113 | $110 | $103 | $111 |
| ▂▁▄▅▅▆█▆ | Total Deposits ($M) | $251 | $243 | $257 | $260 | $261 | $267 | $275 | $265 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 20% |
| Agricultural | 5% |
| Consumer | 5% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 9% |