Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.41 | 0.87% |
| Return on Equity (%) | ▲ | 21.59% | +2.17 | 19.42% |
| Net Interest Margin (%) | ▲ | 2.53% | +0.25 | 2.28% |
| Efficiency Ratio (%) | ▲ | 57.53% | -8.07 | 65.60% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.18 | $0 |
| Cost of Funds (%) | ▲ | 1.45% | -0.08 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $144 | +9.76 | $134 |
| Gross Loans ($M) | ▲ | $37 | +4.63 | $33 |
| Loan Growth YoY (%) | ▲ | 27.03% | +1.88 | 25.15% |
| Total Deposits ($M) | ▲ | $134 | +7.84 | $127 |
| Shareholders Equity ($M) | ▲ | $9 | +1.87 | $7 |
| Tang. Book Value ($M) | ▲ | $9 | +1.87 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +2.04 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 27.03% | +1.88 | 25.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.01 | 0.11% |
| Allowance / Loans (%) | — | 2.45% | 0.02% | 2.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.06 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.27% | 2.22% | 2.23% | 2.28% | 2.34% | 2.41% | 2.43% | 2.53% |
| ▅▄▁▅▅▆▂█ | Return on Assets (%) | 0.84% | 0.80% | 0.35% | 0.87% | 0.88% | 0.94% | 0.55% | 1.28% |
| ▃▄█▃▃▂▆▁ | Efficiency Ratio (%) | 67.3% | 68.4% | 86.0% | 65.6% | 66.2% | 64.2% | 76.3% | 57.5% |
| ▇█▃▄▅▅▁▂ | Cost of Funds (%) | 1.73% | 1.79% | 1.52% | 1.53% | 1.61% | 1.59% | 1.36% | 1.45% |
| ▇▆▄▃█▄▃▁ | NPA / Assets (%) | 0.13% | 0.12% | 0.12% | 0.11% | 0.14% | 0.12% | 0.11% | 0.10% |
| ▆▇▅▄█▁▃▁ | Net Charge-Off Ratio (%) | 0.48% | 0.50% | 0.47% | 0.45% | 0.53% | 0.40% | 0.43% | 0.39% |
| ▁▇▁▄▅███ | Tang. Book Value ($M) | $5 | $8 | $5 | $7 | $7 | $9 | $9 | $9 |
| ▂▁▃▃▄███ | Gross Loans ($M) | $32 | $30 | $33 | $33 | $33 | $38 | $38 | $37 |
| ▁▁▅▅▄▃██ | Total Deposits ($M) | $115 | $113 | $126 | $127 | $123 | $121 | $137 | $134 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 41% |
| C&I / Commercial | 14% |
| Agricultural | 12% |
| Consumer | 11% |
| Other | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 8% |