Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.42 | 0.33% |
| Return on Equity (%) | ▲ | 3.77% | +1.99 | 1.78% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.66 | 3.03% |
| Efficiency Ratio (%) | ▲ | 77.28% | -13.00 | 90.28% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 1.25% | -0.29 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $112 | -1.73 | $114 |
| Gross Loans ($M) | ▲ | $67 | +2.00 | $65 |
| Loan Growth YoY (%) | ▲ | 76.20% | +6.13 | 70.07% |
| Total Deposits ($M) | ▼ | $87 | -4.73 | $92 |
| Shareholders Equity ($M) | ▲ | $22 | +1.08 | $21 |
| Tang. Book Value ($M) | ▲ | $22 | +1.08 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +0.95 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 76.20% | +6.13 | 70.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.45 | 0.20% |
| Allowance / Loans (%) | — | 1.13% | -0.06% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 1.08% | +0.73 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 2.96% | 2.95% | 2.93% | 3.03% | 3.16% | 3.26% | 3.30% | 3.69% |
| ▄▄▂▁▃▅▅█ | Return on Assets (%) | 0.50% | 0.51% | 0.42% | 0.33% | 0.43% | 0.55% | 0.55% | 0.74% |
| ▄▃▅█▆▃▃▁ | Efficiency Ratio (%) | 82.7% | 82.1% | 85.1% | 90.3% | 86.1% | 81.7% | 81.6% | 77.3% |
| ▅▇█▅▄▄▄▁ | Cost of Funds (%) | 1.52% | 1.67% | 1.78% | 1.54% | 1.45% | 1.45% | 1.50% | 1.25% |
| ▁▁▂▃▂▂▁█ | NPA / Assets (%) | 0.00% | 0.08% | 0.16% | 0.20% | 0.09% | 0.12% | 0.02% | 0.64% |
| ▁▂▃▃▂▂▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.14% | 0.28% | 0.35% | 0.15% | 0.20% | 0.04% | 1.08% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $20 | $21 | $21 | $21 | $21 | $22 | $22 | $22 |
| ▄▅▄▄██▁▇ | Gross Loans ($M) | $65 | $66 | $65 | $65 | $68 | $67 | $63 | $67 |
| █▇▇█▃▁▅▁ | Total Deposits ($M) | $92 | $91 | $92 | $92 | $89 | $87 | $90 | $87 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 10% |
| Agricultural | 18% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 19% |