Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.20 | 0.66% |
| Return on Equity (%) | ▼ | 14.45% | -1.77 | 16.22% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.39 | 2.83% |
| Efficiency Ratio (%) | ▲ | 76.16% | -4.05 | 80.21% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 0.98% | -0.25 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $389 | +24.49 | $365 |
| Gross Loans ($M) | ▲ | $147 | +7.61 | $139 |
| Loan Growth YoY (%) | ▼ | 39.91% | -0.37 | 40.28% |
| Total Deposits ($M) | ▲ | $364 | +22.01 | $342 |
| Shareholders Equity ($M) | ▲ | $23 | +7.50 | $16 |
| Tang. Book Value ($M) | ▲ | $23 | +7.50 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +8.12 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 39.91% | -0.37 | 40.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Allowance / Loans (%) | — | 0.98% | 0.01% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆██ | Net Interest Margin (%) | 2.67% | 2.67% | 2.72% | 2.83% | 2.99% | 3.08% | 3.15% | 3.22% |
| ▆▇▇▁▁▅█▄ | Return on Assets (%) | 0.92% | 0.96% | 0.98% | 0.66% | 0.68% | 0.89% | 1.05% | 0.85% |
| ▁▁▁█▇▄▁▆ | Efficiency Ratio (%) | 69.0% | 69.3% | 68.7% | 80.2% | 77.8% | 73.2% | 69.2% | 76.2% |
| ███▅▄▄▁▁ | Cost of Funds (%) | 1.41% | 1.38% | 1.39% | 1.23% | 1.15% | 1.15% | 1.00% | 0.98% |
| █▇▄▃█▇▁▁ | NPA / Assets (%) | 0.12% | 0.10% | 0.06% | 0.04% | 0.11% | 0.09% | 0.00% | 0.00% |
| ██▄▃█▇▁▁ | Net Charge-Off Ratio (%) | 0.31% | 0.28% | 0.15% | 0.11% | 0.28% | 0.24% | 0.00% | 0.00% |
| ▁▆▁▃▂▇██ | Tang. Book Value ($M) | $13 | $20 | $13 | $16 | $15 | $21 | $22 | $23 |
| ▃▁▁▃██▇█ | Gross Loans ($M) | $139 | $136 | $137 | $139 | $146 | $145 | $144 | $147 |
| ▁▁▂▂▃▁██ | Total Deposits ($M) | $338 | $338 | $342 | $342 | $348 | $340 | $366 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |