Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.73% | +0.12 | -0.85% |
| Return on Equity (%) | ▲ | -6.10% | +1.10 | -7.20% |
| Net Interest Margin (%) | ▲ | 1.28% | +0.20 | 1.09% |
| Efficiency Ratio (%) | ▲ | 150.06% | -20.07 | 170.13% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.09 | $-0 |
| Cost of Funds (%) | ▲ | 1.99% | -0.01 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $214 | -15.35 | $229 |
| Gross Loans ($M) | ▲ | $97 | +3.27 | $94 |
| Loan Growth YoY (%) | ▲ | 58.01% | +5.07 | 52.94% |
| Total Deposits ($M) | ▼ | $165 | -9.61 | $175 |
| Shareholders Equity ($M) | ▼ | $26 | -1.14 | $27 |
| Tang. Book Value ($M) | ▼ | $26 | -1.14 | $27 |
| TBV excl. AOCI ($M)** | ▼ | $30 | -1.68 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 58.01% | +5.07 | 52.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.18 | 0.07% |
| Allowance / Loans (%) | — | 0.93% | -0.06% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.38 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▃▄▅█ | Net Interest Margin (%) | 1.05% | 1.02% | 1.02% | 1.09% | 1.11% | 1.14% | 1.15% | 1.28% |
| ▂▁▅▅▄▆█▇ | Return on Assets (%) | -0.98% | -1.10% | -0.82% | -0.85% | -0.87% | -0.78% | -0.61% | -0.73% |
| ▇██▅▅▃▃▁ | Efficiency Ratio (%) | 177.0% | 182.8% | 181.5% | 170.1% | 168.8% | 160.3% | 161.2% | 150.1% |
| ▁█▆▄▄▄▅▄ | Cost of Funds (%) | 1.87% | 2.13% | 2.07% | 2.00% | 2.00% | 2.00% | 2.01% | 1.99% |
| ▁█▃▂▇▆▇▆ | NPA / Assets (%) | 0.02% | 0.34% | 0.13% | 0.07% | 0.30% | 0.23% | 0.27% | 0.25% |
| ▁█▃▂▇▆▆▆ | Net Charge-Off Ratio (%) | 0.05% | 0.81% | 0.31% | 0.17% | 0.71% | 0.54% | 0.60% | 0.54% |
| █▆▆▄▃▂▂▁ | Tang. Book Value ($M) | $28 | $27 | $27 | $27 | $26 | $26 | $26 | $26 |
| ▁▃▄▂▆▄▇█ | Gross Loans ($M) | $93 | $94 | $94 | $94 | $96 | $95 | $96 | $97 |
| ▅▂██▅▃▁▁ | Total Deposits ($M) | $171 | $167 | $175 | $175 | $171 | $169 | $166 | $165 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 13% |