Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.54% | -0.12 | 0.66% |
| Return on Equity (%) | ▼ | 5.63% | -2.29 | 7.92% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.01 | 3.89% |
| Efficiency Ratio (%) | ▼ | 86.87% | +2.76 | 84.11% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.07 | $1 |
| Cost of Funds (%) | ▼ | 0.96% | +0.00 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $346 | +26.29 | $320 |
| Gross Loans ($M) | ▲ | $161 | +23.20 | $137 |
| Loan Growth YoY (%) | ▲ | 57.05% | +8.65 | 48.39% |
| Total Deposits ($M) | ▼ | $278 | -1.77 | $280 |
| Shareholders Equity ($M) | ▲ | $32 | +5.00 | $27 |
| Tang. Book Value ($M) | ▲ | $32 | +5.00 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +4.59 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 57.05% | +8.65 | 48.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.44% | +3.16 | 0.29% |
| Allowance / Loans (%) | — | 1.29% | -0.21% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 7.11% | +6.62 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.19% | -0.85 | 23.04% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆█▆ | Net Interest Margin (%) | 3.55% | 3.61% | 3.68% | 3.89% | 3.93% | 3.93% | 4.11% | 3.90% |
| ▇██▆▁▃█▄ | Return on Assets (%) | 0.69% | 0.73% | 0.79% | 0.66% | 0.30% | 0.42% | 0.74% | 0.54% |
| ▂▂▁▅▇▄▂█ | Efficiency Ratio (%) | 81.8% | 81.4% | 80.6% | 84.1% | 85.6% | 83.0% | 81.8% | 86.9% |
| ██▅▂▁▁▂▂ | Cost of Funds (%) | 1.41% | 1.37% | 1.17% | 0.96% | 0.89% | 0.87% | 0.95% | 0.96% |
| ▁▁▁▁▁▆██ | NPA / Assets (%) | 0.32% | 0.34% | 0.31% | 0.29% | 0.27% | 2.62% | 3.15% | 3.44% |
| ▁▁▁▁▁▇▇█ | Net Charge-Off Ratio (%) | 0.57% | 0.55% | 0.54% | 0.48% | 0.45% | 5.53% | 6.20% | 7.11% |
| ▁▅▂▄▃▆██ | Tang. Book Value ($M) | $24 | $28 | $26 | $27 | $27 | $30 | $32 | $32 |
| ▁▁▁▂▂▇██ | Gross Loans ($M) | $133 | $131 | $133 | $137 | $138 | $156 | $158 | $161 |
| ██▄▅▁▇▂▄ | Total Deposits ($M) | $286 | $286 | $278 | $280 | $272 | $284 | $274 | $278 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 19% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 10% |