Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.92 | -0.18% |
| Return on Equity (%) | ▲ | 9.61% | +11.67 | -2.06% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.50 | 3.29% |
| Efficiency Ratio (%) | ▲ | 80.90% | -18.76 | 99.66% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.37 | $0 |
| Cost of Funds (%) | ▲ | 2.04% | -0.01 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $111 | +16.28 | $95 |
| Gross Loans ($M) | ▲ | $71 | +24.96 | $46 |
| Loan Growth YoY (%) | ▲ | 70.28% | +17.37 | 52.91% |
| Total Deposits ($M) | ▲ | $100 | +13.91 | $86 |
| Shareholders Equity ($M) | ▲ | $9 | +0.70 | $8 |
| Tang. Book Value ($M) | ▲ | $9 | +0.70 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 70.28% | +17.37 | 52.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.30% | +1.29 | 0.01% |
| Allowance / Loans (%) | — | 0.88% | -0.10% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 2.04% | +2.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.74% | -4.18 | 15.93% |
Noninterest income ($1.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▂▄▃▆ | Net Interest Margin (%) | 3.81% | 4.07% | 4.06% | 3.29% | 3.48% | 3.60% | 3.49% | 3.80% |
| ██▆▁▂▄▄▅ | Return on Assets (%) | 1.26% | 1.30% | 0.92% | -0.18% | 0.12% | 0.43% | 0.45% | 0.73% |
| ▁▁▃█▆▅▅▂ | Efficiency Ratio (%) | 77.5% | 77.2% | 83.0% | 99.7% | 93.8% | 89.1% | 88.8% | 80.9% |
| ▁▂▂▇██▆▇ | Cost of Funds (%) | 1.27% | 1.47% | 1.44% | 2.06% | 2.09% | 2.18% | 1.89% | 2.04% |
| ▁▁▁▁▁▄▃█ | NPA / Assets (%) | 0.08% | 0.02% | 0.02% | 0.01% | 0.06% | 0.52% | 0.42% | 1.30% |
| ▁▁▁▁▁▄▄█ | Net Charge-Off Ratio (%) | 0.17% | 0.05% | 0.04% | 0.02% | 0.12% | 0.94% | 0.86% | 2.04% |
| ▁▄▁▁▂▄▆█ | Tang. Book Value ($M) | $8 | $8 | $8 | $8 | $8 | $8 | $9 | $9 |
| ▁▁▁▃▄▅▆█ | Gross Loans ($M) | $34 | $36 | $38 | $46 | $50 | $53 | $58 | $71 |
| ▁▁▂▄▅▄█▇ | Total Deposits ($M) | $65 | $65 | $76 | $86 | $90 | $87 | $109 | $100 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 8% |
| Agricultural | 42% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 32% |