Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.34 | 0.52% |
| Return on Equity (%) | ▲ | 11.19% | +3.64 | 7.55% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.26 | 2.74% |
| Efficiency Ratio (%) | ▲ | 67.91% | -9.20 | 77.11% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.18 | $0 |
| Cost of Funds (%) | ▲ | 1.45% | -0.18 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $143 | +11.52 | $131 |
| Gross Loans ($M) | ▲ | $83 | +2.14 | $81 |
| Loan Growth YoY (%) | ▼ | 66.49% | -3.27 | 69.76% |
| Total Deposits ($M) | ▲ | $124 | +8.86 | $115 |
| Shareholders Equity ($M) | ▲ | $11 | +1.62 | $9 |
| Tang. Book Value ($M) | ▲ | $11 | +1.62 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.84 | $11 |
| Loan / Deposit Ratio (%) | ▼ | 66.49% | -3.27 | 69.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.03 | 0.60% |
| Allowance / Loans (%) | — | 1.01% | -0.01% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.88% | -0.08 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.76% | +0.69 | 15.07% |
Noninterest income ($0.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▆▆█ | Net Interest Margin (%) | 2.54% | 2.53% | 2.61% | 2.74% | 2.75% | 2.84% | 2.88% | 3.00% |
| ▁▁▁▄▆▇▆█ | Return on Assets (%) | 0.28% | 0.29% | 0.34% | 0.52% | 0.68% | 0.72% | 0.65% | 0.85% |
| ███▄▃▂▃▁ | Efficiency Ratio (%) | 89.2% | 88.8% | 86.8% | 77.1% | 74.3% | 73.1% | 74.1% | 67.9% |
| ██▇▅▅▅▄▁ | Cost of Funds (%) | 1.76% | 1.80% | 1.72% | 1.63% | 1.64% | 1.65% | 1.59% | 1.45% |
| █▇▂▂▂▁▂▂ | NPA / Assets (%) | 0.95% | 0.84% | 0.61% | 0.60% | 0.60% | 0.50% | 0.59% | 0.57% |
| █▅▃▃▂▁▂▂ | Net Charge-Off Ratio (%) | 1.49% | 1.17% | 0.99% | 0.97% | 0.96% | 0.79% | 0.95% | 0.88% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $8 | $9 | $9 | $9 | $10 | $10 | $11 | $11 |
| ▁▄▅▆▇███ | Gross Loans ($M) | $76 | $80 | $80 | $81 | $83 | $83 | $84 | $83 |
| ▁▁▃▂▅▅▇█ | Total Deposits ($M) | $114 | $112 | $116 | $115 | $119 | $119 | $122 | $124 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 4% |
| Agricultural | 7% |
| Consumer | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |