Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.12% | -0.18 | 1.29% |
| Return on Equity (%) | ▼ | 8.75% | -1.91 | 10.66% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.26 | 3.61% |
| Efficiency Ratio (%) | ▼ | 63.18% | +2.70 | 60.48% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.15% | -0.10 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $547 | +33.29 | $514 |
| Gross Loans ($M) | ▼ | $307 | -9.17 | $317 |
| Loan Growth YoY (%) | ▼ | 65.88% | -6.44 | 72.32% |
| Total Deposits ($M) | ▲ | $461 | +27.66 | $434 |
| Shareholders Equity ($M) | ▲ | $69 | +6.15 | $63 |
| Tang. Book Value ($M) | ▲ | $68 | +6.15 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +7.40 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 65.88% | -6.44 | 72.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.17 | 0.91% |
| Allowance / Loans (%) | — | 1.14% | 0.20% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 1.93% | +0.45 | 1.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.45% | 3.48% | 3.52% | 3.61% | 3.75% | 3.81% | 3.83% | 3.87% |
| ▁▂▃█▁▁▄▅ | Return on Assets (%) | 0.90% | 0.94% | 0.97% | 1.29% | 0.91% | 0.86% | 1.03% | 1.12% |
| █▇▇▁▆▅▅▃ | Efficiency Ratio (%) | 68.5% | 67.4% | 66.6% | 60.5% | 65.7% | 65.0% | 64.7% | 63.2% |
| ██▆▄▂▃▂▁ | Cost of Funds (%) | 1.34% | 1.36% | 1.31% | 1.25% | 1.20% | 1.22% | 1.18% | 1.15% |
| ▁█▆▇▇███ | NPA / Assets (%) | 0.13% | 1.01% | 0.84% | 0.91% | 0.92% | 1.06% | 1.02% | 1.08% |
| ▁▇▆▆▆▇██ | Net Charge-Off Ratio (%) | 0.19% | 1.50% | 1.30% | 1.48% | 1.49% | 1.71% | 1.75% | 1.93% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $55 | $58 | $59 | $62 | $63 | $65 | $67 | $68 |
| ██▇▄▃▂▁▁ | Gross Loans ($M) | $329 | $328 | $324 | $317 | $315 | $311 | $309 | $307 |
| ▃▁▂▄▃▂▆█ | Total Deposits ($M) | $427 | $409 | $418 | $434 | $427 | $416 | $442 | $461 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 3% |
| Agricultural | 4% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 7% |