Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.15 | 0.20% |
| Return on Equity (%) | ▲ | 4.88% | +0.75 | 4.13% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.47 | 2.47% |
| Efficiency Ratio (%) | ▲ | 89.51% | -8.73 | 98.24% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 0.87% | -0.36 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $141 | +0.85 | $140 |
| Gross Loans ($M) | ▲ | $37 | +2.46 | $35 |
| Loan Growth YoY (%) | ▲ | 28.18% | +2.20 | 25.97% |
| Total Deposits ($M) | ▼ | $131 | -1.61 | $132 |
| Shareholders Equity ($M) | ▲ | $10 | +2.48 | $7 |
| Tang. Book Value ($M) | ▲ | $9 | +2.48 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +2.33 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 28.18% | +2.20 | 25.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.61% | -0.10% | 1.71% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 28.44% | +0.84 | 27.61% |
Noninterest income ($0.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.00% | 2.02% | 2.08% | 2.47% | 2.55% | 2.63% | 2.71% | 2.94% |
| ▁▁▁▃▄██▅ | Return on Assets (%) | 0.09% | 0.06% | 0.07% | 0.20% | 0.27% | 0.53% | 0.56% | 0.35% |
| ▇███▆▁▁▄ | Efficiency Ratio (%) | 96.2% | 97.7% | 97.1% | 98.2% | 93.3% | 83.1% | 82.6% | 89.5% |
| █▆▅▃▁▁▁▁ | Cost of Funds (%) | 2.01% | 1.62% | 1.49% | 1.23% | 1.00% | 0.95% | 0.87% | 0.87% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▃▃██▇ | Tang. Book Value ($M) | $5 | $8 | $5 | $7 | $7 | $9 | $10 | $9 |
| █▆▆▁▃▃▃▅ | Gross Loans ($M) | $40 | $38 | $38 | $35 | $36 | $36 | $37 | $37 |
| ▁▁▂█▆▅▄▇ | Total Deposits ($M) | $126 | $125 | $127 | $132 | $130 | $129 | $129 | $131 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 23% |
| Agricultural | 9% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 6% |