Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.53% | +0.23 | 0.30% |
| Return on Equity (%) | ▲ | 3.50% | +1.51 | 1.99% |
| Net Interest Margin (%) | ▼ | 4.49% | -0.07 | 4.56% |
| Efficiency Ratio (%) | ▲ | 81.37% | -5.46 | 86.83% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.18 | $0 |
| Cost of Funds (%) | ▼ | 2.36% | +0.06 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $172 | +0.71 | $172 |
| Gross Loans ($M) | ▲ | $112 | +18.89 | $93 |
| Loan Growth YoY (%) | ▲ | 77.79% | +13.37 | 64.42% |
| Total Deposits ($M) | ▼ | $143 | -0.61 | $144 |
| Shareholders Equity ($M) | ▲ | $26 | +0.93 | $25 |
| Tang. Book Value ($M) | ▲ | $22 | +1.14 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 77.79% | +13.37 | 64.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.36% | +1.36 | 0.00% |
| Allowance / Loans (%) | — | 0.55% | 0.03% | 0.52% |
| Net Charge-Off Ratio (%) | ▼ | 2.10% | +2.10 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -22.95 | 22.95% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▂▁▁▂▁ | Net Interest Margin (%) | 5.30% | 5.29% | 5.26% | 4.56% | 4.42% | 4.52% | 4.62% | 4.49% |
| ▆██▁▁▃▄▄ | Return on Assets (%) | 0.64% | 0.77% | 0.73% | 0.30% | 0.34% | 0.42% | 0.49% | 0.53% |
| ▃▁▁█▇▆▅▄ | Efficiency Ratio (%) | 80.0% | 77.0% | 78.0% | 86.8% | 85.5% | 83.9% | 82.6% | 81.4% |
| ▃▄▆▁██▅▂ | Cost of Funds (%) | 2.40% | 2.43% | 2.50% | 2.30% | 2.62% | 2.59% | 2.49% | 2.36% |
| ▅▃▂▁▁▁██ | NPA / Assets (%) | 0.71% | 0.38% | 0.34% | 0.00% | 0.00% | 0.00% | 1.36% | 1.36% |
| ▄▃▂▁▁▁██ | Net Charge-Off Ratio (%) | 1.00% | 0.55% | 0.50% | 0.00% | 0.00% | 0.00% | 1.93% | 2.10% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $20 | $20 | $21 | $21 | $21 | $21 | $22 | $22 |
| ▆▅▄▁▆▇█▇ | Gross Loans ($M) | $108 | $106 | $104 | $93 | $111 | $112 | $117 | $112 |
| ▁▁▂█▅▆▆█ | Total Deposits ($M) | $126 | $126 | $128 | $144 | $136 | $137 | $138 | $143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 7% |