Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.40% | -0.68 | 1.08% |
| Return on Equity (%) | ▼ | 4.26% | -6.88 | 11.14% |
| Net Interest Margin (%) | ▼ | 4.63% | -0.42 | 5.05% |
| Efficiency Ratio (%) | ▼ | 90.16% | +18.07 | 72.08% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.22 | $0 |
| Cost of Funds (%) | ▲ | 0.99% | -0.04 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $100 | +5.16 | $95 |
| Gross Loans ($M) | ▲ | $70 | +5.12 | $65 |
| Loan Growth YoY (%) | ▲ | 78.01% | +1.75 | 76.26% |
| Total Deposits ($M) | ▲ | $88 | +4.62 | $84 |
| Shareholders Equity ($M) | ▲ | $9 | +0.06 | $9 |
| Tang. Book Value ($M) | ▲ | $9 | +0.06 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 78.01% | +1.75 | 76.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.38 | 0.76% |
| Allowance / Loans (%) | — | 1.38% | -0.03% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -0.50 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.09% | +0.69 | 14.40% |
Noninterest income ($0.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▅▆███▁ | Net Interest Margin (%) | 4.84% | 4.93% | 4.97% | 5.05% | 5.15% | 5.17% | 5.20% | 4.63% |
| ▆▆▆███▇▁ | Return on Assets (%) | 0.91% | 0.87% | 0.90% | 1.08% | 1.03% | 1.02% | 0.92% | 0.40% |
| ▂▂▁▁▁▁▂█ | Efficiency Ratio (%) | 75.8% | 76.1% | 73.1% | 72.1% | 74.3% | 74.2% | 75.1% | 90.2% |
| ▁▂▄▆▇▇█▅ | Cost of Funds (%) | 0.80% | 0.88% | 0.94% | 1.03% | 1.08% | 1.09% | 1.16% | 0.99% |
| █▇▆▅▁▁▂▁ | NPA / Assets (%) | 1.02% | 0.92% | 0.82% | 0.76% | 0.37% | 0.41% | 0.46% | 0.38% |
| █▇▆▅▁▁▂▁ | Net Charge-Off Ratio (%) | 1.40% | 1.27% | 1.16% | 1.05% | 0.51% | 0.60% | 0.65% | 0.55% |
| ▁▂▅▇████ | Tang. Book Value ($M) | $9 | $9 | $9 | $9 | $9 | $9 | $9 | $9 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $61 | $62 | $62 | $65 | $66 | $67 | $69 | $70 |
| ▁▁▃▅▇▇▆█ | Total Deposits ($M) | $79 | $79 | $82 | $84 | $86 | $86 | $86 | $88 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 9% |