Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.37 | 0.51% |
| Return on Equity (%) | ▲ | 10.74% | +4.45 | 6.29% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.01 | 3.25% |
| Efficiency Ratio (%) | ▲ | 72.83% | -6.51 | 79.35% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.62 | $1 |
| Cost of Funds (%) | ▲ | 2.60% | -0.21 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $507 | +38.85 | $469 |
| Gross Loans ($M) | ▲ | $360 | +31.16 | $329 |
| Loan Growth YoY (%) | ▲ | 90.18% | +0.99 | 89.19% |
| Total Deposits ($M) | ▲ | $398 | +30.65 | $368 |
| Shareholders Equity ($M) | ▲ | $41 | +3.64 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.64 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 90.18% | +0.99 | 89.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 7.06% | +1.15 | 5.91% |
| Allowance / Loans (%) | — | 0.31% | -0.07% | 0.38% |
| Net Charge-Off Ratio (%) | ▼ | 6.33% | +3.64 | 2.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.11% | -0.11 | 11.22% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▁▁█▇▂ | Net Interest Margin (%) | 3.22% | 3.23% | 3.38% | 3.25% | 3.20% | 3.64% | 3.57% | 3.25% |
| ▁▄█▂▇█▇▇ | Return on Assets (%) | 0.40% | 0.69% | 0.98% | 0.51% | 0.89% | 1.03% | 0.94% | 0.88% |
| █▇▃█▃▁▂▄ | Efficiency Ratio (%) | 80.0% | 78.2% | 71.6% | 79.3% | 71.4% | 68.3% | 70.9% | 72.8% |
| ▄█▆█▆▄▅▁ | Cost of Funds (%) | 2.69% | 2.80% | 2.73% | 2.80% | 2.73% | 2.68% | 2.72% | 2.60% |
| ▂▁▄▄▃▇█▇ | NPA / Assets (%) | 5.12% | 4.37% | 6.09% | 5.91% | 5.40% | 7.09% | 7.92% | 7.06% |
| ▆▅▁▁▁▅▇█ | Net Charge-Off Ratio (%) | 4.90% | 4.63% | 2.92% | 2.68% | 2.47% | 4.48% | 5.41% | 6.33% |
| ▁▂▅▃▅▇██ | Tang. Book Value ($M) | $36 | $37 | $39 | $38 | $39 | $40 | $41 | $41 |
| ▁▁▁▁▄▄▃█ | Gross Loans ($M) | $328 | $332 | $328 | $329 | $340 | $340 | $338 | $360 |
| ▁▂▄▅▆█▇█ | Total Deposits ($M) | $326 | $342 | $360 | $368 | $381 | $400 | $390 | $398 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 47% |