Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.24% | -0.97 | 0.74% |
| Return on Equity (%) | ▼ | -2.85% | -12.05 | 9.20% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.19 | 3.53% |
| Efficiency Ratio (%) | ▼ | 107.69% | +35.21 | 72.48% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -1.74 | $1 |
| Cost of Funds (%) | ▲ | 2.16% | -0.05 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $559 | +45.87 | $513 |
| Gross Loans ($M) | ▲ | $373 | +45.19 | $328 |
| Loan Growth YoY (%) | ▲ | 72.32% | +2.97 | 69.35% |
| Total Deposits ($M) | ▲ | $510 | +42.97 | $467 |
| Shareholders Equity ($M) | ▲ | $44 | +3.19 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +3.20 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +1.95 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 72.32% | +2.97 | 69.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.21 | 0.33% |
| Allowance / Loans (%) | — | 1.11% | -0.08% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.78% | +0.26 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇██▇ | Net Interest Margin (%) | 3.03% | 3.09% | 3.18% | 3.53% | 3.74% | 3.82% | 3.86% | 3.73% |
| ▇▇▇████▁ | Return on Assets (%) | 0.67% | 0.68% | 0.69% | 0.74% | 0.87% | 0.87% | 0.85% | -0.24% |
| ▂▂▂▁▁▁▁█ | Efficiency Ratio (%) | 75.0% | 74.9% | 74.7% | 72.5% | 69.2% | 70.2% | 71.8% | 107.7% |
| ██▇▃▁▆▃▁ | Cost of Funds (%) | 2.39% | 2.41% | 2.34% | 2.21% | 2.13% | 2.31% | 2.23% | 2.16% |
| ▁▆▅▅▄▄▅█ | NPA / Assets (%) | 0.12% | 0.42% | 0.38% | 0.33% | 0.33% | 0.30% | 0.33% | 0.54% |
| ▁▆▆▅▄▄▄█ | Net Charge-Off Ratio (%) | 0.21% | 0.64% | 0.59% | 0.52% | 0.45% | 0.42% | 0.45% | 0.78% |
| ▁▅▁▃▅██▇ | Tang. Book Value ($M) | $38 | $42 | $38 | $40 | $42 | $45 | $45 | $44 |
| ▁▂▃▅▆▆▇█ | Gross Loans ($M) | $281 | $297 | $312 | $328 | $341 | $350 | $358 | $373 |
| ▁▁▁▄▂▂▄█ | Total Deposits ($M) | $446 | $437 | $440 | $467 | $452 | $448 | $465 | $510 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 18% |