Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.46 | 0.38% |
| Return on Equity (%) | ▲ | 13.11% | +6.06 | 7.05% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.58 | 2.32% |
| Efficiency Ratio (%) | ▲ | 64.83% | -16.57 | 81.40% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 1.77% | -0.52 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $125 | +9.37 | $115 |
| Gross Loans ($M) | ▲ | $64 | +5.20 | $59 |
| Loan Growth YoY (%) | ▲ | 55.05% | +0.77 | 54.28% |
| Total Deposits ($M) | ▲ | $116 | +7.90 | $109 |
| Shareholders Equity ($M) | ▲ | $8 | +1.44 | $6 |
| Tang. Book Value ($M) | ▲ | $8 | +1.44 | $6 |
| TBV excl. AOCI ($M)** | ▲ | $10 | +1.44 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 55.05% | +0.77 | 54.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.05 | 0.07% |
| Allowance / Loans (%) | — | 0.37% | -0.01% | 0.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.09 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.45% | -0.36 | 14.81% |
Noninterest income ($0.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.78% | 1.77% | 1.83% | 2.32% | 2.34% | 2.39% | 2.49% | 2.90% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.04% | 0.06% | 0.12% | 0.38% | 0.43% | 0.49% | 0.50% | 0.84% |
| ███▄▄▃▃▁ | Efficiency Ratio (%) | 98.1% | 97.0% | 94.9% | 81.4% | 79.1% | 76.8% | 75.9% | 64.8% |
| ▆██▅▄▄▃▁ | Cost of Funds (%) | 2.37% | 2.54% | 2.64% | 2.29% | 2.19% | 2.16% | 1.99% | 1.77% |
| ▁▁▁▁▃█▄█ | NPA / Assets (%) | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% | 0.11% | 0.09% | 0.12% |
| ▂▁▁▁▄█▃█ | Net Charge-Off Ratio (%) | 0.14% | 0.13% | 0.12% | 0.13% | 0.17% | 0.23% | 0.16% | 0.22% |
| ▁▄▁▂▂▇██ | Tang. Book Value ($M) | $6 | $7 | $6 | $6 | $6 | $7 | $8 | $8 |
| ▁▄▆▃▂▂▇█ | Gross Loans ($M) | $57 | $60 | $62 | $59 | $58 | $58 | $63 | $64 |
| ▁▄▃▁▃▂▄█ | Total Deposits ($M) | $109 | $112 | $111 | $109 | $111 | $110 | $112 | $116 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 20% |
| Agricultural | 3% |
| Consumer | 23% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 3% |