Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -1.01 | 2.29% |
| Return on Equity (%) | ▼ | 15.91% | -16.59 | 32.50% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.28 | 4.45% |
| Efficiency Ratio (%) | ▼ | 67.27% | +8.28 | 58.99% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.37 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.11 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $225 | +13.17 | $212 |
| Gross Loans ($M) | ▲ | $149 | +11.53 | $137 |
| Loan Growth YoY (%) | ▲ | 72.47% | +2.42 | 70.05% |
| Total Deposits ($M) | ▲ | $203 | +9.31 | $194 |
| Shareholders Equity ($M) | ▲ | $18 | +2.75 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +2.75 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.77 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 72.47% | +2.42 | 70.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.27% | -0.04% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.00 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇███ | Net Interest Margin (%) | 4.05% | 4.17% | 4.22% | 4.45% | 4.59% | 4.68% | 4.74% | 4.73% |
| ▁▂▃█▅▅▄▂ | Return on Assets (%) | 1.09% | 1.36% | 1.39% | 2.29% | 1.84% | 1.72% | 1.67% | 1.28% |
| █▆▆▁▄▅▅▆ | Efficiency Ratio (%) | 71.5% | 67.9% | 68.1% | 59.0% | 64.4% | 65.8% | 66.7% | 67.3% |
| ▇█▇▃▃▃▂▁ | Cost of Funds (%) | 1.80% | 1.86% | 1.78% | 1.64% | 1.61% | 1.61% | 1.57% | 1.53% |
| ███▁▁▁▁▂ | NPA / Assets (%) | 0.16% | 0.18% | 0.18% | 0.02% | 0.01% | 0.00% | 0.02% | 0.03% |
| ▁▆█▆▃▁▅▇ | Net Charge-Off Ratio (%) | 0.01% | 0.04% | 0.05% | 0.04% | 0.02% | 0.00% | 0.03% | 0.04% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $14 | $16 | $15 | $15 | $16 | $17 | $18 | $18 |
| ▁▁▁▃▅▆▇█ | Gross Loans ($M) | $131 | $132 | $133 | $137 | $141 | $143 | $146 | $149 |
| ▁▁▃▃▃▄▆█ | Total Deposits ($M) | $188 | $189 | $192 | $194 | $194 | $195 | $198 | $203 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Consumer | 8% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 20% |