Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.62% | +2.05 | 0.57% |
| Return on Equity (%) | ▼ | 194.71% | -1131.44 | 1,326.15% |
| Net Interest Margin (%) | ▲ | 2.40% | +0.07 | 2.32% |
| Efficiency Ratio (%) | ▲ | 31.58% | -41.55 | 73.13% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.98 | $1 |
| Cost of Funds (%) | ▲ | 2.13% | -0.19 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $413 | -21.23 | $434 |
| Gross Loans ($M) | ▲ | $123 | +19.07 | $104 |
| Loan Growth YoY (%) | ▲ | 30.66% | +6.75 | 23.90% |
| Total Deposits ($M) | ▼ | $397 | -33.34 | $430 |
| Shareholders Equity ($M) | ▲ | $7 | +7.11 | $-0 |
| Tang. Book Value ($M) | ▲ | $7 | +7.11 | $-0 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +5.19 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 30.66% | +6.75 | 23.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.01 | 0.37% |
| Allowance / Loans (%) | — | 0.95% | 0.05% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.73 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.64% | +1.02 | 14.62% |
Noninterest income ($3.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▂▄▂▆▇█ | Net Interest Margin (%) | 2.32% | 2.28% | 2.30% | 2.32% | 2.30% | 2.36% | 2.38% | 2.40% |
| ▆▄▄▂▁▂▂█ | Return on Assets (%) | 1.85% | 1.38% | 1.13% | 0.57% | 0.24% | 0.69% | 0.61% | 2.62% |
| ▁▃▃██▆▆▁ | Efficiency Ratio (%) | 36.7% | 43.6% | 46.5% | 73.1% | 72.8% | 59.8% | 60.8% | 31.6% |
| █▇█▆▇▇▆▁ | Cost of Funds (%) | 2.37% | 2.36% | 2.40% | 2.32% | 2.35% | 2.34% | 2.32% | 2.13% |
| ▂▄▄▇▅█▁▇ | NPA / Assets (%) | 0.17% | 0.25% | 0.25% | 0.37% | 0.27% | 0.45% | 0.09% | 0.38% |
| ▁▁▁▄▃▇▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.55% | 0.46% | 1.05% | 0.00% | 1.28% |
| ▁▁▂▂▂▅▅█ | Tang. Book Value ($M) | $-1 | $-2 | $0 | $-0 | $-0 | $3 | $4 | $7 |
| ▂▃▂▁▅█▆█ | Gross Loans ($M) | $108 | $111 | $107 | $104 | $115 | $126 | $119 | $123 |
| ▃███▆▅▁▂ | Total Deposits ($M) | $401 | $427 | $427 | $430 | $415 | $409 | $387 | $397 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 18% |
| Agricultural | 19% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 46% |