Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -1.29 | 1.59% |
| Return on Equity (%) | ▼ | 2.15% | -8.46 | 10.61% |
| Net Interest Margin (%) | ▼ | 4.85% | -0.64 | 5.49% |
| Efficiency Ratio (%) | ▼ | 76.14% | +20.23 | 55.91% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.21 | $1 |
| Cost of Funds (%) | ▼ | 1.14% | +0.72 | 0.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $261 | +101.04 | $160 |
| Gross Loans ($M) | ▲ | $134 | +75.72 | $59 |
| Loan Growth YoY (%) | ▲ | 59.71% | +16.17 | 43.54% |
| Total Deposits ($M) | ▲ | $222 | +88.99 | $133 |
| Shareholders Equity ($M) | ▲ | $34 | +10.07 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +10.76 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +10.93 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 59.71% | +16.17 | 43.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.32% | 0.10% | 1.22% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅████▇ | Net Interest Margin (%) | 2.33% | 3.60% | 4.30% | 5.49% | 5.44% | 5.49% | 5.39% | 4.85% |
| ▁▄▅█▇▇▅▁ | Return on Assets (%) | 0.27% | 0.83% | 0.98% | 1.59% | 1.32% | 1.26% | 1.01% | 0.30% |
| ▁▁▁▂▂▃▄█ | Efficiency Ratio (%) | 54.7% | 52.9% | 54.4% | 55.9% | 55.8% | 59.1% | 62.2% | 76.1% |
| ▁▃▃▃▄▆▇█ | Cost of Funds (%) | 0.03% | 0.35% | 0.39% | 0.41% | 0.49% | 0.83% | 0.88% | 1.14% |
| ▁▁▁▁▁▁█▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| ▁▁▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% |
| ▁▁▁▂▃███ | Tang. Book Value ($M) | $13 | $14 | $14 | $15 | $17 | $25 | $26 | $26 |
| ▁▁▂▃▅▅▇█ | Gross Loans ($M) | $30 | $39 | $55 | $59 | $87 | $93 | $117 | $134 |
| ▁▁▂▂▄▅▇█ | Total Deposits ($M) | $111 | $117 | $136 | $133 | $153 | $179 | $195 | $222 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 22% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |