Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.82% | +1.75 | 1.07% |
| Return on Equity (%) | ▲ | 43.06% | +20.16 | 22.90% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.36 | 3.01% |
| Efficiency Ratio (%) | ▲ | 45.10% | -19.91 | 65.01% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.47 | $0 |
| Cost of Funds (%) | ▲ | 1.34% | -0.29 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $104 | -7.62 | $112 |
| Gross Loans ($M) | ▲ | $58 | +0.65 | $57 |
| Loan Growth YoY (%) | ▲ | 62.61% | +7.09 | 55.52% |
| Total Deposits ($M) | ▼ | $92 | -10.73 | $103 |
| Shareholders Equity ($M) | ▲ | $7 | +1.85 | $5 |
| Tang. Book Value ($M) | ▲ | $7 | +1.85 | $5 |
| TBV excl. AOCI ($M)** | ▲ | $9 | +1.91 | $7 |
| Loan / Deposit Ratio (%) | ▲ | 62.61% | +7.09 | 55.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.54% | 0.15% | 0.39% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.01% | +0.53 | 15.48% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▄█ | Net Interest Margin (%) | 2.86% | 2.88% | 2.95% | 3.01% | 3.06% | 3.07% | 3.08% | 3.37% |
| ▁▁▁▁▂▂▄█ | Return on Assets (%) | 0.85% | 0.89% | 0.98% | 1.07% | 1.12% | 1.14% | 1.81% | 2.82% |
| ███▇▆▆▃▁ | Efficiency Ratio (%) | 70.5% | 69.7% | 67.7% | 65.0% | 63.8% | 63.4% | 51.8% | 45.1% |
| ▇█▇▆▆▅▄▁ | Cost of Funds (%) | 1.73% | 1.79% | 1.69% | 1.63% | 1.64% | 1.61% | 1.55% | 1.34% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▁▃▄▇▇█ | Tang. Book Value ($M) | $5 | $6 | $5 | $5 | $6 | $7 | $7 | $7 |
| ▄▇▄▇▅▇▁█ | Gross Loans ($M) | $56 | $57 | $56 | $57 | $56 | $57 | $55 | $58 |
| ▁▁▅█▇█▅▁ | Total Deposits ($M) | $90 | $91 | $98 | $103 | $102 | $104 | $98 | $92 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |