Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.49 | 0.51% |
| Return on Equity (%) | ▲ | 9.69% | +3.66 | 6.03% |
| Net Interest Margin (%) | ▲ | 3.04% | +0.69 | 2.36% |
| Efficiency Ratio (%) | ▲ | 64.61% | -13.71 | 78.31% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 1.41% | -0.15 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $135 | -5.27 | $140 |
| Gross Loans ($M) | ▲ | $87 | +10.11 | $77 |
| Loan Growth YoY (%) | ▲ | 82.69% | +7.01 | 75.68% |
| Total Deposits ($M) | ▲ | $104 | +3.56 | $101 |
| Shareholders Equity ($M) | ▲ | $14 | +2.38 | $12 |
| Tang. Book Value ($M) | ▲ | $14 | +2.38 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.83 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 82.69% | +7.01 | 75.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.29 | 0.29% |
| Allowance / Loans (%) | — | 0.99% | 0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.47 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 1.74% | 1.87% | 1.94% | 2.36% | 2.47% | 2.58% | 2.68% | 3.04% |
| ▁▂▂▃▅▆▆█ | Return on Assets (%) | 0.22% | 0.36% | 0.37% | 0.51% | 0.66% | 0.78% | 0.80% | 1.00% |
| █▇▆▅▄▃▂▁ | Efficiency Ratio (%) | 88.9% | 83.2% | 82.5% | 78.3% | 74.3% | 70.9% | 69.4% | 64.6% |
| ▇▆█▃▃▁▂▁ | Cost of Funds (%) | 1.82% | 1.77% | 1.95% | 1.56% | 1.60% | 1.48% | 1.52% | 1.41% |
| ▅▇▇▇▆█▁▁ | NPA / Assets (%) | 0.22% | 0.27% | 0.28% | 0.29% | 0.26% | 0.36% | 0.00% | 0.00% |
| ▆▇▇▆▆█▁▁ | Net Charge-Off Ratio (%) | 0.45% | 0.52% | 0.48% | 0.47% | 0.44% | 0.63% | 0.00% | 0.00% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $10 | $12 | $11 | $12 | $12 | $13 | $14 | $14 |
| ▁▁▂▂▃▄██ | Gross Loans ($M) | $74 | $75 | $77 | $77 | $79 | $80 | $87 | $87 |
| █▂▁▃▄▇▅▅ | Total Deposits ($M) | $110 | $98 | $96 | $101 | $101 | $107 | $104 | $104 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 5% |
| Agricultural | 23% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |