Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.13% | -0.09 | 1.22% |
| Return on Equity (%) | ▼ | 13.27% | -1.60 | 14.87% |
| Net Interest Margin (%) | — | 3.84% | 0.00 | 3.84% |
| Efficiency Ratio (%) | ▼ | 61.33% | +1.58 | 59.75% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.12 | $2 |
| Cost of Funds (%) | ▲ | 2.14% | -0.10 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $421 | +44.70 | $376 |
| Gross Loans ($M) | ▲ | $326 | +38.09 | $288 |
| Loan Growth YoY (%) | ▲ | 85.68% | +0.57 | 85.11% |
| Total Deposits ($M) | ▲ | $375 | +40.69 | $334 |
| Shareholders Equity ($M) | ▲ | $36 | +5.58 | $31 |
| Tang. Book Value ($M) | ▲ | $36 | +5.59 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +5.69 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 85.68% | +0.57 | 85.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.76% | +2.56 | 0.19% |
| Allowance / Loans (%) | — | 1.42% | 0.27% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 3.43% | +3.18 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄███▄ | Net Interest Margin (%) | 3.63% | 3.68% | 3.74% | 3.84% | 4.03% | 4.06% | 4.03% | 3.84% |
| ▁▂▃▆██▆▄ | Return on Assets (%) | 0.92% | 1.01% | 1.08% | 1.22% | 1.39% | 1.35% | 1.27% | 1.13% |
| █▇▆▄▁▁▁▅ | Efficiency Ratio (%) | 67.1% | 65.3% | 63.9% | 59.7% | 55.6% | 55.1% | 55.3% | 61.3% |
| ▃▇█▄▁▃▁▁ | Cost of Funds (%) | 2.21% | 2.39% | 2.44% | 2.24% | 2.11% | 2.21% | 2.13% | 2.14% |
| ▁▁▁▁▁▁▅█ | NPA / Assets (%) | 0.27% | 0.12% | 0.14% | 0.19% | 0.16% | 0.16% | 1.72% | 2.76% |
| ▁▁▁▁▁▁▆█ | Net Charge-Off Ratio (%) | 0.36% | 0.16% | 0.19% | 0.25% | 0.22% | 0.21% | 2.28% | 3.43% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $25 | $27 | $29 | $30 | $32 | $34 | $35 | $36 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $259 | $269 | $280 | $288 | $296 | $307 | $320 | $326 |
| ▁▂▂▄▄▇██ | Total Deposits ($M) | $305 | $323 | $318 | $334 | $343 | $367 | $381 | $375 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |