Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.19% | -0.19 | 2.38% |
| Return on Equity (%) | ▼ | 9.56% | -3.87 | 13.43% |
| Net Interest Margin (%) | ▼ | 4.27% | -0.03 | 4.30% |
| Efficiency Ratio (%) | ▼ | 48.02% | +0.22 | 47.80% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.63% | -0.18 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $205 | +35.03 | $170 |
| Gross Loans ($M) | ▲ | $136 | +20.39 | $115 |
| Loan Growth YoY (%) | ▲ | 84.64% | +3.31 | 81.34% |
| Total Deposits ($M) | ▲ | $157 | +18.32 | $139 |
| Shareholders Equity ($M) | ▲ | $47 | +16.38 | $30 |
| Tang. Book Value ($M) | ▲ | $47 | +16.38 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +16.58 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 84.64% | +3.31 | 81.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.41 | 0.19% |
| Allowance / Loans (%) | — | 1.97% | -0.09% | 2.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.63 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▂▆█▂ | Net Interest Margin (%) | 4.19% | 4.20% | 4.29% | 4.30% | 4.24% | 4.42% | 4.54% | 4.27% |
| █▇▁█▄▅▂▅ | Return on Assets (%) | 2.40% | 2.33% | 1.87% | 2.38% | 2.08% | 2.19% | 1.99% | 2.19% |
| ▂▂█▁▃▁▅▁ | Efficiency Ratio (%) | 48.4% | 48.8% | 53.6% | 47.8% | 49.3% | 47.4% | 50.9% | 48.0% |
| ▃▇█▃▂▃▃▁ | Cost of Funds (%) | 1.87% | 2.15% | 2.31% | 1.81% | 1.79% | 1.85% | 1.84% | 1.63% |
| ▁▁▄▂█▆▃▅ | NPA / Assets (%) | 0.00% | 0.00% | 0.57% | 0.19% | 1.18% | 0.79% | 0.39% | 0.60% |
| ▁▁▄▂█▅▃▅ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.81% | 0.28% | 1.73% | 1.08% | 0.55% | 0.92% |
| ▁▁▁▁▁███ | Tang. Book Value ($M) | $29 | $30 | $29 | $30 | $30 | $46 | $45 | $47 |
| ▁▄▂▂▄█▇▆ | Gross Loans ($M) | $109 | $126 | $115 | $115 | $126 | $144 | $137 | $136 |
| ▂▁▃▅█▄▇█ | Total Deposits ($M) | $127 | $118 | $128 | $139 | $154 | $135 | $148 | $157 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 11% |
| Agricultural | 42% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 25% |