Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.13 | 0.93% |
| Return on Equity (%) | ▼ | 13.07% | -5.03 | 18.10% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.49 | 3.86% |
| Efficiency Ratio (%) | ▼ | 81.17% | +9.43 | 71.73% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.07 | $0 |
| Cost of Funds (%) | ▲ | 0.83% | -0.39 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $103 | +12.26 | $90 |
| Gross Loans ($M) | ▲ | $44 | +0.10 | $44 |
| Loan Growth YoY (%) | ▼ | 45.93% | -5.71 | 51.64% |
| Total Deposits ($M) | ▲ | $96 | +10.93 | $85 |
| Shareholders Equity ($M) | ▲ | $6 | +1.29 | $5 |
| Tang. Book Value ($M) | ▲ | $6 | +1.29 | $5 |
| TBV excl. AOCI ($M)** | ▲ | $8 | +1.29 | $7 |
| Loan / Deposit Ratio (%) | ▼ | 45.93% | -5.71 | 51.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.24 | 0.44% |
| Allowance / Loans (%) | — | 1.16% | -0.20% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.39 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▅▆█ | Net Interest Margin (%) | 3.77% | 3.71% | 3.82% | 3.86% | 4.07% | 4.09% | 4.12% | 4.35% |
| ▂▄▇▆▂██▁ | Return on Assets (%) | 0.84% | 0.90% | 0.97% | 0.93% | 0.84% | 0.99% | 1.00% | 0.80% |
| █▆▆▁▆▄▄█ | Efficiency Ratio (%) | 80.8% | 78.8% | 78.5% | 71.7% | 78.2% | 76.4% | 76.2% | 81.2% |
| █▇▅▇▃▃▁▁ | Cost of Funds (%) | 1.32% | 1.23% | 1.14% | 1.22% | 1.00% | 1.00% | 0.86% | 0.83% |
| ▃▃█▇▆▂▂▁ | NPA / Assets (%) | 0.28% | 0.27% | 0.48% | 0.44% | 0.40% | 0.24% | 0.24% | 0.19% |
| ██▇▆▅▁▂▁ | Net Charge-Off Ratio (%) | 0.56% | 0.56% | 0.44% | 0.39% | 0.30% | 0.00% | 0.07% | 0.00% |
| ▁▅▁▃▂▇██ | Tang. Book Value ($M) | $4 | $5 | $4 | $5 | $5 | $6 | $6 | $6 |
| ▂▂▁▄▅▄█▄ | Gross Loans ($M) | $44 | $43 | $43 | $44 | $45 | $44 | $46 | $44 |
| ▂▃▁▃▃▄▆█ | Total Deposits ($M) | $83 | $85 | $81 | $85 | $84 | $86 | $90 | $96 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 8% |