Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.94% | -0.82 | -1.12% |
| Return on Equity (%) | ▼ | -25.44% | -11.65 | -13.79% |
| Net Interest Margin (%) | ▼ | 0.94% | -0.28 | 1.22% |
| Efficiency Ratio (%) | ▼ | 240.10% | +22.38 | 217.72% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.13 | $-2 |
| Cost of Funds (%) | ▲ | 3.38% | -0.18 | 3.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $360 | -25.57 | $386 |
| Gross Loans ($M) | ▼ | $269 | -27.54 | $296 |
| Loan Growth YoY (%) | ▼ | 109.61% | -2.24 | 111.85% |
| Total Deposits ($M) | ▼ | $241 | -18.82 | $259 |
| Shareholders Equity ($M) | ▼ | $26 | -5.12 | $31 |
| Tang. Book Value ($M) | ▼ | $24 | -4.92 | $29 |
| TBV excl. AOCI ($M)** | ▼ | $25 | -5.03 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 109.61% | -2.24 | 111.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.19 | 0.40% |
| Allowance / Loans (%) | — | 1.95% | -0.19% | 2.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.27 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.25% | -0.54 | 15.80% |
Noninterest income ($0.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▅▆█▇▁ | Net Interest Margin (%) | 1.38% | 1.29% | 1.27% | 1.22% | 1.26% | 1.42% | 1.35% | 0.94% |
| ▁▁█▄▂▃▂▁ | Return on Assets (%) | -1.96% | -1.72% | -0.02% | -1.12% | -1.65% | -1.36% | -1.48% | -1.94% |
| ▁▁▁▇▇▄▅█ | Efficiency Ratio (%) | 144.0% | 145.9% | 144.1% | 217.7% | 226.3% | 185.1% | 194.8% | 240.1% |
| ██▇▄▃▄▃▁ | Cost of Funds (%) | 3.78% | 3.82% | 3.72% | 3.56% | 3.51% | 3.56% | 3.54% | 3.38% |
| ▆▇▇▂▁▂▄█ | NPA / Assets (%) | 0.50% | 0.54% | 0.54% | 0.40% | 0.35% | 0.39% | 0.45% | 0.59% |
| ▅▆▇▂▁▂▃█ | Net Charge-Off Ratio (%) | 0.65% | 0.71% | 0.72% | 0.52% | 0.46% | 0.51% | 0.58% | 0.79% |
| ▃▁█▇▆▅▃▁ | Tang. Book Value ($M) | $26 | $25 | $30 | $29 | $29 | $28 | $26 | $24 |
| █▇▆▅▄▃▂▁ | Gross Loans ($M) | $320 | $313 | $303 | $296 | $290 | $284 | $278 | $269 |
| ██▇▄▄▂▁▁ | Total Deposits ($M) | $286 | $284 | $276 | $259 | $260 | $244 | $234 | $241 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 2% |
| Agricultural | 1% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 12% |