Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.26% | -0.13 | 0.40% |
| Return on Equity (%) | ▼ | 2.89% | -1.49 | 4.38% |
| Net Interest Margin (%) | ▼ | 3.01% | -0.02 | 3.03% |
| Efficiency Ratio (%) | ▼ | 88.95% | +3.03 | 85.92% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.03 | $0 |
| Cost of Funds (%) | ▲ | 2.29% | -0.42 | 2.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $101 | +7.93 | $93 |
| Gross Loans ($M) | ▲ | $79 | +0.58 | $79 |
| Loan Growth YoY (%) | ▼ | 105.75% | -14.75 | 120.50% |
| Total Deposits ($M) | ▲ | $74 | +9.56 | $65 |
| Shareholders Equity ($M) | ▲ | $9 | +0.54 | $9 |
| Tang. Book Value ($M) | ▲ | $9 | +0.54 | $9 |
| Loan / Deposit Ratio (%) | ▼ | 105.75% | -14.75 | 120.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.97% | -0.01% | 0.98% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.94% | +0.45 | 10.49% |
Noninterest income ($0.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▅▆▆▁ | Net Interest Margin (%) | 3.39% | 3.35% | 3.32% | 3.03% | 3.20% | 3.27% | 3.26% | 3.01% |
| ██▇▃▅▆█▁ | Return on Assets (%) | 0.69% | 0.71% | 0.65% | 0.40% | 0.52% | 0.60% | 0.74% | 0.26% |
| ▁▁▅▇▅▄▄█ | Efficiency Ratio (%) | 76.7% | 75.9% | 83.6% | 85.9% | 83.1% | 81.1% | 82.1% | 89.0% |
| ▂▄██▇▃▄▁ | Cost of Funds (%) | 2.37% | 2.47% | 2.68% | 2.71% | 2.62% | 2.45% | 2.48% | 2.29% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▅▅▁▂▅█▇ | Tang. Book Value ($M) | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 |
| ▂▅█▃▁▇▅▄ | Gross Loans ($M) | $77 | $81 | $88 | $79 | $74 | $85 | $81 | $79 |
| ▁▃▃▂▂▂▇█ | Total Deposits ($M) | $62 | $65 | $66 | $65 | $65 | $65 | $71 | $74 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 35% |
| C&I / Commercial | 11% |
| Agricultural | 51% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 36% |