Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.16 | 0.71% |
| Return on Equity (%) | ▲ | 10.87% | +0.79 | 10.08% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.42 | 3.33% |
| Efficiency Ratio (%) | ▲ | 71.08% | -5.97 | 77.05% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 1.30% | -0.19 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $210 | +4.12 | $206 |
| Gross Loans ($M) | ▲ | $152 | +7.99 | $144 |
| Loan Growth YoY (%) | ▲ | 83.34% | +4.38 | 78.96% |
| Total Deposits ($M) | ▲ | $180 | +0.01 | $180 |
| Shareholders Equity ($M) | ▲ | $17 | +2.11 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +2.10 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +1.96 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 83.34% | +4.38 | 78.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.24% | 0.01% | 1.23% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.97% | 3.00% | 3.06% | 3.33% | 3.46% | 3.54% | 3.57% | 3.75% |
| ▁▁▂▆████ | Return on Assets (%) | 0.26% | 0.31% | 0.37% | 0.71% | 0.85% | 0.92% | 0.89% | 0.87% |
| ███▃▃▂▃▁ | Efficiency Ratio (%) | 87.0% | 87.3% | 86.4% | 77.0% | 75.2% | 74.2% | 75.7% | 71.1% |
| ██▆▄▂▃▁▁ | Cost of Funds (%) | 1.68% | 1.64% | 1.56% | 1.49% | 1.38% | 1.42% | 1.33% | 1.30% |
| ▁▃▁▁█▁▃▁ | NPA / Assets (%) | 0.00% | 0.05% | 0.00% | 0.00% | 0.13% | 0.00% | 0.04% | 0.00% |
| ▁▃▁▁█▁▃▁ | Net Charge-Off Ratio (%) | 0.00% | 0.07% | 0.00% | 0.00% | 0.18% | 0.00% | 0.05% | 0.00% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $13 | $15 | $14 | $14 | $15 | $16 | $16 | $17 |
| ▂▁▂▂▅▄██ | Gross Loans ($M) | $144 | $142 | $145 | $144 | $149 | $147 | $152 | $152 |
| ▁▆█▄▃▁█▄ | Total Deposits ($M) | $176 | $183 | $185 | $180 | $179 | $176 | $186 | $180 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 3% |