Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.39% | -0.51 | 0.90% |
| Return on Equity (%) | ▼ | 3.29% | -4.61 | 7.90% |
| Net Interest Margin (%) | ▼ | 1.25% | -1.84 | 3.08% |
| Efficiency Ratio (%) | ▲ | 56.27% | -7.91 | 64.18% |
| Pre-Provision Profit ($M) | ▼ | $2 | -2.13 | $4 |
| Cost of Funds (%) | ▲ | 0.54% | -1.23 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,197 | +5.85 | $1,192 |
| Gross Loans ($M) | ▼ | $876 | -45.46 | $921 |
| Loan Growth YoY (%) | ▼ | 82.22% | -5.11 | 87.33% |
| Total Deposits ($M) | ▲ | $1,052 | +11.07 | $1,041 |
| Shareholders Equity ($M) | ▼ | $134 | -1.48 | $136 |
| Tang. Book Value ($M) | ▼ | $108 | -1.37 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 82.22% | -5.11 | 87.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.00% | -0.11 | 1.11% |
| Allowance / Loans (%) | — | 1.24% | -0.08% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 1.25% | -0.18 | 1.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▇████▁ | Net Interest Margin (%) | 2.94% | 2.93% | 2.95% | 3.08% | 3.20% | 3.26% | 3.27% | 1.25% |
| ▆▆▆▇▇██▁ | Return on Assets (%) | 0.82% | 0.83% | 0.84% | 0.90% | 0.89% | 0.96% | 1.04% | 0.39% |
| ███▆▅▅▄▁ | Efficiency Ratio (%) | 67.9% | 66.9% | 66.5% | 64.2% | 63.3% | 62.7% | 61.9% | 56.3% |
| ████▇█▇▁ | Cost of Funds (%) | 1.89% | 1.91% | 1.88% | 1.77% | 1.73% | 1.74% | 1.66% | 0.54% |
| ▂▁▄▆█▄▄▅ | NPA / Assets (%) | 0.69% | 0.58% | 0.90% | 1.11% | 1.31% | 0.94% | 0.89% | 1.00% |
| ▂▁▃▆█▄▄▅ | Net Charge-Off Ratio (%) | 0.87% | 0.72% | 1.07% | 1.43% | 1.72% | 1.20% | 1.18% | 1.25% |
| ▁▃▁▃▅▇█▃ | Tang. Book Value ($M) | $104 | $110 | $106 | $110 | $113 | $119 | $121 | $108 |
| ▇██▆▅▄▁▁ | Gross Loans ($M) | $928 | $937 | $932 | $921 | $909 | $901 | $883 | $876 |
| ▁▄▄▇▇▁▅█ | Total Deposits ($M) | $982 | $1,011 | $1,009 | $1,041 | $1,036 | $988 | $1,021 | $1,052 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 5% |