Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.77 | 0.30% |
| Return on Equity (%) | ▲ | 6.09% | +4.93 | 1.16% |
| Net Interest Margin (%) | ▼ | 3.33% | -1.06 | 4.38% |
| Efficiency Ratio (%) | ▲ | 54.54% | -20.00 | 74.54% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.70 | $0 |
| Cost of Funds (%) | ▼ | 2.92% | +0.17 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $229 | +92.70 | $136 |
| Gross Loans ($M) | ▲ | $170 | +83.14 | $86 |
| Loan Growth YoY (%) | ▼ | 89.71% | -1.29 | 91.00% |
| Total Deposits ($M) | ▲ | $187 | +93.16 | $94 |
| Shareholders Equity ($M) | ▲ | $38 | +0.95 | $37 |
| Tang. Book Value ($M) | ▲ | $33 | +1.02 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 89.71% | -1.29 | 91.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.73% | -0.02 | 0.74% |
| Allowance / Loans (%) | — | 1.26% | -0.31% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.70 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▁█▇▇▇▆ | Net Interest Margin (%) | 2.71% | 2.76% | 1.47% | 4.38% | 3.95% | 3.81% | 3.66% | 3.33% |
| ▄▁▂▆▅▅▆█ | Return on Assets (%) | -0.21% | -1.14% | -0.72% | 0.30% | 0.19% | 0.12% | 0.38% | 1.08% |
| ▅█▂▂▃▃▂▁ | Efficiency Ratio (%) | 109.5% | 149.7% | 74.4% | 74.5% | 80.2% | 82.1% | 72.9% | 54.5% |
| ██▁█████ | Cost of Funds (%) | 3.28% | 3.35% | -2.97% | 2.75% | 2.88% | 3.05% | 2.83% | 2.92% |
| ▁▁▅▄█▇▅▄ | NPA / Assets (%) | 0.07% | 0.05% | 0.99% | 0.74% | 1.74% | 1.43% | 1.00% | 0.73% |
| ▁▁▅▄█▅▄▂ | Net Charge-Off Ratio (%) | 0.08% | 0.06% | 1.55% | 1.17% | 2.68% | 1.60% | 1.35% | 0.47% |
| ▁▁▅█████ | Tang. Book Value ($M) | $10 | $10 | $24 | $32 | $32 | $32 | $32 | $33 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $54 | $53 | $76 | $86 | $102 | $126 | $148 | $170 |
| ▁▁▃▃▄▅▇█ | Total Deposits ($M) | $50 | $51 | $85 | $94 | $117 | $132 | $158 | $187 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 30% |