Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.41 | 0.99% |
| Return on Equity (%) | ▼ | 26.31% | -2.14 | 28.45% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.15 | 3.28% |
| Efficiency Ratio (%) | ▲ | 65.35% | -8.75 | 74.10% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $0 |
| Cost of Funds (%) | ▼ | 0.97% | +0.05 | 0.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $180 | +8.17 | $172 |
| Gross Loans ($M) | ▲ | $72 | +0.18 | $72 |
| Loan Growth YoY (%) | ▼ | 41.94% | -1.25 | 43.19% |
| Total Deposits ($M) | ▲ | $169 | +5.32 | $164 |
| Shareholders Equity ($M) | ▲ | $10 | +2.66 | $7 |
| Tang. Book Value ($M) | ▲ | $9 | +2.66 | $6 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +2.93 | $10 |
| Loan / Deposit Ratio (%) | ▼ | 41.94% | -1.25 | 43.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.05% | -0.01% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.08 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.60% | +0.20 | 19.40% |
Noninterest income ($0.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▃▃▄█ | Net Interest Margin (%) | 3.09% | 3.11% | 3.15% | 3.28% | 3.20% | 3.19% | 3.25% | 3.43% |
| ▁▃▄▃▂▃▄█ | Return on Assets (%) | 0.81% | 1.02% | 1.05% | 0.99% | 0.94% | 1.01% | 1.08% | 1.40% |
| █▆▆▆▇▆▅▁ | Efficiency Ratio (%) | 77.2% | 73.6% | 73.3% | 74.1% | 74.7% | 73.1% | 71.7% | 65.3% |
| ▁▁▂▃▅█▄▄ | Cost of Funds (%) | 0.86% | 0.87% | 0.90% | 0.92% | 1.02% | 1.12% | 0.97% | 0.97% |
| ▁▁▁▂▁▂█▁ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.04% | 0.00% | 0.04% | 0.18% | 0.01% |
| ▁▁▁▂▁▂█▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.10% | 0.00% | 0.11% | 0.46% | 0.02% |
| ▁▅▁▄▄███ | Tang. Book Value ($M) | $4 | $7 | $4 | $6 | $6 | $9 | $9 | $9 |
| █▇▇▃▁▃▇▃ | Gross Loans ($M) | $75 | $74 | $74 | $72 | $70 | $72 | $74 | $72 |
| ▁▁▅▆▅▇██ | Total Deposits ($M) | $156 | $154 | $162 | $164 | $162 | $167 | $168 | $169 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 7% |