Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.62 | 0.46% |
| Return on Equity (%) | ▼ | 27.81% | -1.05 | 28.86% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.40 | 2.41% |
| Efficiency Ratio (%) | ▲ | 64.38% | -17.10 | 81.48% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 1.30% | -0.08 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $136 | +9.35 | $127 |
| Gross Loans ($M) | ▲ | $48 | +9.19 | $38 |
| Loan Growth YoY (%) | ▲ | 36.04% | +5.46 | 30.57% |
| Total Deposits ($M) | ▲ | $131 | +6.52 | $124 |
| Shareholders Equity ($M) | ▲ | $5 | +2.77 | $3 |
| Tang. Book Value ($M) | ▲ | $5 | +2.81 | $2 |
| TBV excl. AOCI ($M)** | ▲ | $8 | +2.84 | $5 |
| Loan / Deposit Ratio (%) | ▲ | 36.04% | +5.46 | 30.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.01 | 0.10% |
| Allowance / Loans (%) | — | 1.23% | -0.14% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.01 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.95% | +15.95 | 0.00% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 2.41% | 2.42% | 2.44% | 2.41% | 2.51% | 2.59% | 2.65% | 2.81% |
| ▂▂▁▁▃▄▅█ | Return on Assets (%) | 0.52% | 0.49% | 0.41% | 0.46% | 0.59% | 0.67% | 0.79% | 1.09% |
| ▇▇██▆▅▄▁ | Efficiency Ratio (%) | 79.8% | 80.5% | 83.8% | 81.5% | 78.0% | 74.9% | 71.8% | 64.4% |
| ▇██▃█▇▄▁ | Cost of Funds (%) | 1.47% | 1.51% | 1.52% | 1.37% | 1.51% | 1.48% | 1.38% | 1.30% |
| ▁▇▇▅▅█▇▆ | NPA / Assets (%) | 0.04% | 0.12% | 0.12% | 0.10% | 0.10% | 0.14% | 0.12% | 0.11% |
| ▁▇▇▆▄█▆▅ | Net Charge-Off Ratio (%) | 0.15% | 0.39% | 0.36% | 0.33% | 0.28% | 0.43% | 0.36% | 0.32% |
| ▁▆▁▃▃▇██ | Tang. Book Value ($M) | $1 | $4 | $1 | $2 | $2 | $4 | $5 | $5 |
| ▁▃▃▃▆▆▇█ | Gross Loans ($M) | $33 | $37 | $38 | $38 | $43 | $43 | $45 | $48 |
| ▁▁▁▆▅▇██ | Total Deposits ($M) | $112 | $113 | $114 | $124 | $123 | $127 | $131 | $131 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 8% |
| Agricultural | 12% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 5% |