Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.57 | 1.57% |
| Return on Equity (%) | ▼ | 9.02% | -2.61 | 11.63% |
| Net Interest Margin (%) | ▼ | 5.03% | -0.03 | 5.05% |
| Efficiency Ratio (%) | ▼ | 70.59% | +8.19 | 62.40% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.41% | -0.39 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $333 | +79.14 | $254 |
| Gross Loans ($M) | ▲ | $246 | +67.15 | $179 |
| Loan Growth YoY (%) | ▲ | 85.81% | +0.58 | 85.23% |
| Total Deposits ($M) | ▲ | $284 | +76.55 | $207 |
| Shareholders Equity ($M) | ▲ | $36 | +2.38 | $34 |
| Tang. Book Value ($M) | ▲ | $32 | +1.32 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +1.54 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 85.81% | +0.58 | 85.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.03 | 0.12% |
| Allowance / Loans (%) | — | 0.98% | -0.22% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.03 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▂▂▂▁ | Net Interest Margin (%) | 5.89% | 5.77% | 5.66% | 5.05% | 5.14% | 5.20% | 5.19% | 5.03% |
| █▆▅▅▅▅▅▁ | Return on Assets (%) | 2.06% | 1.67% | 1.56% | 1.57% | 1.63% | 1.65% | 1.60% | 1.00% |
| ▁▄▄▃▄▃▃█ | Efficiency Ratio (%) | 58.0% | 63.4% | 63.5% | 62.4% | 63.0% | 62.5% | 62.6% | 70.6% |
| ▁▅▅█▇▇▅▃ | Cost of Funds (%) | 1.19% | 1.52% | 1.50% | 1.80% | 1.72% | 1.70% | 1.54% | 1.41% |
| █▇▁▇▇▇▇█ | NPA / Assets (%) | 0.14% | 0.13% | 0.02% | 0.12% | 0.13% | 0.12% | 0.13% | 0.15% |
| ██▁▇█▇██ | Net Charge-Off Ratio (%) | 0.20% | 0.18% | 0.02% | 0.17% | 0.19% | 0.17% | 0.18% | 0.20% |
| ▁▁▂▄▆█▇█ | Tang. Book Value ($M) | $29 | $29 | $30 | $30 | $31 | $32 | $31 | $32 |
| ▁▂▃▃▃▄▇█ | Gross Loans ($M) | $144 | $159 | $179 | $179 | $182 | $192 | $228 | $246 |
| ▁▂▃▃▄▄▇█ | Total Deposits ($M) | $165 | $182 | $198 | $207 | $213 | $218 | $268 | $284 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 9% |
| Agricultural | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 7% |