Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +1.16 | -0.08% |
| Return on Equity (%) | ▲ | 211.54% | +211.54 | 0.00% |
| Net Interest Margin (%) | ▲ | 2.45% | +0.24 | 2.21% |
| Efficiency Ratio (%) | ▲ | 56.18% | -45.12 | 101.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.43 | $-0 |
| Cost of Funds (%) | ▲ | 1.97% | -0.10 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $384 | -9.79 | $394 |
| Gross Loans ($M) | ▲ | $147 | +23.64 | $123 |
| Loan Growth YoY (%) | ▲ | 40.01% | +8.46 | 31.55% |
| Total Deposits ($M) | ▼ | $365 | -23.59 | $388 |
| Shareholders Equity ($M) | ▲ | $3 | +3.13 | $-0 |
| Tang. Book Value ($M) | ▲ | $-1 | +4.03 | $-5 |
| TBV excl. AOCI ($M)** | ▲ | $9 | +2.50 | $6 |
| Loan / Deposit Ratio (%) | ▲ | 40.01% | +8.46 | 31.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.79% | +0.15 | 0.64% |
| Allowance / Loans (%) | — | 0.76% | 0.06% | 0.70% |
| Net Charge-Off Ratio (%) | ▼ | 0.98% | +0.65 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.49% | -0.55 | 13.04% |
Noninterest income ($1.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▂▄▅█ | Net Interest Margin (%) | 2.10% | 2.07% | 2.13% | 2.21% | 2.15% | 2.23% | 2.28% | 2.45% |
| ▂▂▂▂▁▁▁█ | Return on Assets (%) | -0.03% | -0.06% | -0.08% | -0.08% | -0.25% | -0.21% | -0.20% | 1.08% |
| ▇▇█▇███▁ | Efficiency Ratio (%) | 102.1% | 102.9% | 103.4% | 101.3% | 109.9% | 104.3% | 105.2% | 56.2% |
| ▃▆█▅▆▃▄▁ | Cost of Funds (%) | 2.02% | 2.10% | 2.16% | 2.07% | 2.10% | 2.02% | 2.04% | 1.97% |
| ▁▅▅▆▅█▄▇ | NPA / Assets (%) | 0.18% | 0.57% | 0.59% | 0.64% | 0.62% | 0.89% | 0.46% | 0.79% |
| ▁▁▂▃▂█▁█ | Net Charge-Off Ratio (%) | 0.06% | 0.15% | 0.19% | 0.33% | 0.21% | 0.92% | 0.12% | 0.98% |
| ▁▁▃▃▄▅▅█ | Tang. Book Value ($M) | $-7 | $-7 | $-5 | $-5 | $-5 | $-4 | $-4 | $-1 |
| ▁▂▁▂▁█▇█ | Gross Loans ($M) | $122 | $124 | $120 | $123 | $122 | $146 | $143 | $147 |
| ▅█▆▇▆▅▂▁ | Total Deposits ($M) | $380 | $393 | $383 | $388 | $386 | $379 | $371 | $365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 13% |
| Agricultural | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 34% |