Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.54% | +0.13 | 0.40% |
| Return on Equity (%) | ▲ | 7.09% | +1.05 | 6.04% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.16 | 3.39% |
| Efficiency Ratio (%) | ▲ | 74.22% | -6.10 | 80.32% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 1.28% | -0.17 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $244 | +15.46 | $228 |
| Gross Loans ($M) | ▲ | $147 | +4.42 | $142 |
| Loan Growth YoY (%) | ▼ | 64.52% | -1.63 | 66.15% |
| Total Deposits ($M) | ▲ | $224 | +12.93 | $211 |
| Shareholders Equity ($M) | ▲ | $18 | +2.33 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +2.33 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +2.26 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 64.52% | -1.63 | 66.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.66 | 0.86% |
| Allowance / Loans (%) | — | 1.25% | -0.37% | 1.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.39 | 1.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▅▄▁▂▂▂▃ | Net Interest Margin (%) | 3.94% | 3.70% | 3.63% | 3.39% | 3.47% | 3.51% | 3.52% | 3.54% |
| █▇▅▁▁▁▁▂ | Return on Assets (%) | 1.17% | 1.00% | 0.82% | 0.40% | 0.37% | 0.37% | 0.36% | 0.54% |
| ▁▄▇████▃ | Efficiency Ratio (%) | 72.1% | 75.6% | 79.4% | 80.3% | 80.5% | 80.4% | 80.3% | 74.2% |
| ▅██▅▅▅▃▁ | Cost of Funds (%) | 1.48% | 1.58% | 1.61% | 1.46% | 1.48% | 1.46% | 1.39% | 1.28% |
| ▁████▃▂▂ | NPA / Assets (%) | 0.00% | 0.89% | 0.91% | 0.86% | 0.87% | 0.23% | 0.22% | 0.21% |
| ▁████▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 1.42% | 1.43% | 1.39% | 1.39% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▄▃▇██ | Tang. Book Value ($M) | $14 | $17 | $14 | $16 | $16 | $17 | $18 | $18 |
| ▁▂▁▅▅▇▇█ | Gross Loans ($M) | $137 | $139 | $138 | $142 | $142 | $145 | $144 | $147 |
| ▁▂▂▅▄▄▇█ | Total Deposits ($M) | $198 | $203 | $202 | $211 | $210 | $211 | $220 | $224 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 17% |