Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.42 | 1.04% |
| Return on Equity (%) | ▲ | 9.81% | +2.37 | 7.44% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.36 | 3.05% |
| Efficiency Ratio (%) | ▲ | 62.17% | -3.69 | 65.86% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.40% | -0.08 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $121 | +2.26 | $118 |
| Gross Loans ($M) | ▲ | $66 | +5.56 | $61 |
| Loan Growth YoY (%) | ▲ | 65.99% | +4.93 | 61.06% |
| Total Deposits ($M) | ▲ | $99 | +1.04 | $98 |
| Shareholders Equity ($M) | ▲ | $18 | +1.29 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +1.29 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.47 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 65.99% | +4.93 | 61.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.22 | 0.02% |
| Allowance / Loans (%) | — | 1.03% | -0.03% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.39 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 2.60% | 2.66% | 2.70% | 3.05% | 3.20% | 3.30% | 3.34% | 3.41% |
| ▂▁▁▄▆▅▃█ | Return on Assets (%) | 0.78% | 0.70% | 0.68% | 1.04% | 1.21% | 1.13% | 0.96% | 1.46% |
| ▇██▄▁▂▄▁ | Efficiency Ratio (%) | 70.7% | 71.2% | 72.6% | 65.9% | 60.7% | 63.0% | 66.0% | 62.2% |
| ▄█▆▃▃▃▂▁ | Cost of Funds (%) | 1.53% | 1.71% | 1.61% | 1.48% | 1.50% | 1.50% | 1.47% | 1.40% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.00% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.24% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.03% | 0.00% | 0.03% | 0.04% | 0.02% | 0.02% | 0.01% | 0.43% |
| ▁▃▃▄▆███ | Tang. Book Value ($M) | $15 | $16 | $16 | $16 | $17 | $17 | $17 | $18 |
| ▁▁▃▁▆█▇▅ | Gross Loans ($M) | $60 | $61 | $63 | $61 | $67 | $70 | $69 | $66 |
| ▂▁▄▇▄▃▅█ | Total Deposits ($M) | $93 | $91 | $94 | $98 | $95 | $94 | $96 | $99 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 11% |
| Agricultural | 16% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 4% |