Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.31 | 0.09% |
| Return on Equity (%) | ▲ | 5.06% | +3.76 | 1.30% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.84 | 2.90% |
| Efficiency Ratio (%) | ▲ | 90.07% | -7.25 | 97.32% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.16 | $0 |
| Cost of Funds (%) | ▲ | 0.79% | -0.39 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $183 | +0.66 | $183 |
| Gross Loans ($M) | ▲ | $115 | +4.18 | $111 |
| Loan Growth YoY (%) | ▲ | 68.51% | +3.11 | 65.40% |
| Total Deposits ($M) | ▼ | $167 | -1.53 | $169 |
| Shareholders Equity ($M) | ▲ | $14 | +1.79 | $12 |
| Tang. Book Value ($M) | ▲ | $14 | +1.77 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.46 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 68.51% | +3.11 | 65.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.03 | 0.23% |
| Allowance / Loans (%) | — | 0.78% | -0.05% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.08 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.55% | +0.09 | 15.46% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.53% | 2.57% | 2.65% | 2.90% | 3.03% | 3.14% | 3.22% | 3.74% |
| ▁▁▁▃▄▅▆█ | Return on Assets (%) | -0.08% | -0.06% | -0.04% | 0.09% | 0.14% | 0.20% | 0.22% | 0.39% |
| ███▆▄▃▃▁ | Efficiency Ratio (%) | 101.3% | 101.0% | 100.5% | 97.3% | 95.5% | 93.7% | 93.0% | 90.1% |
| ██▇▆▅▅▄▁ | Cost of Funds (%) | 1.35% | 1.35% | 1.25% | 1.18% | 1.12% | 1.12% | 1.05% | 0.79% |
| █▅▆▅▁█▅▃ | NPA / Assets (%) | 0.30% | 0.23% | 0.25% | 0.23% | 0.15% | 0.30% | 0.23% | 0.20% |
| ▆▄▇▆▁█▄▃ | Net Charge-Off Ratio (%) | 0.39% | 0.34% | 0.41% | 0.38% | 0.24% | 0.45% | 0.34% | 0.30% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $11 | $12 | $11 | $12 | $13 | $13 | $14 | $14 |
| █▅▁▂▅▅██ | Gross Loans ($M) | $115 | $113 | $110 | $111 | $113 | $113 | $115 | $115 |
| ▆▁▆▇█▃▄▆ | Total Deposits ($M) | $167 | $161 | $166 | $169 | $170 | $163 | $164 | $167 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 3% |