Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.04% | +1.14 | 0.90% |
| Return on Equity (%) | ▲ | 30.77% | +10.21 | 20.56% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.46 | 3.35% |
| Efficiency Ratio (%) | ▲ | 70.80% | -5.12 | 75.92% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.12 | $0 |
| Cost of Funds (%) | ▲ | 1.93% | -0.18 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $153 | +7.50 | $145 |
| Gross Loans ($M) | ▲ | $82 | +1.66 | $81 |
| Loan Growth YoY (%) | ▼ | 57.44% | -0.40 | 57.84% |
| Total Deposits ($M) | ▲ | $141 | +3.78 | $137 |
| Shareholders Equity ($M) | ▲ | $11 | +3.84 | $7 |
| Tang. Book Value ($M) | ▲ | $11 | +3.84 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +4.15 | $9 |
| Loan / Deposit Ratio (%) | ▼ | 57.44% | -0.40 | 57.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.09 | 0.14% |
| Allowance / Loans (%) | — | 1.71% | 0.02% | 1.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.15 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.63% | +1.36 | 15.26% |
Noninterest income ($0.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▅▆▆█ | Net Interest Margin (%) | 3.07% | 3.17% | 3.24% | 3.35% | 3.48% | 3.54% | 3.55% | 3.81% |
| ▁▁▁▂▂▂▂█ | Return on Assets (%) | 0.67% | 0.75% | 0.75% | 0.90% | 0.96% | 1.00% | 0.99% | 2.04% |
| █▇▇▅▃▃▃▁ | Efficiency Ratio (%) | 79.7% | 77.9% | 77.5% | 75.9% | 73.8% | 73.4% | 73.8% | 70.8% |
| █▇█▆▅▆▆▁ | Cost of Funds (%) | 2.19% | 2.15% | 2.16% | 2.11% | 2.06% | 2.09% | 2.09% | 1.93% |
| ▇██▇█▁▂▁ | NPA / Assets (%) | 0.14% | 0.16% | 0.16% | 0.14% | 0.16% | 0.05% | 0.08% | 0.06% |
| ▆██▇█▁▂▁ | Net Charge-Off Ratio (%) | 0.24% | 0.28% | 0.27% | 0.26% | 0.29% | 0.10% | 0.15% | 0.10% |
| ▁▃▁▂▃▆▆█ | Tang. Book Value ($M) | $6 | $7 | $6 | $7 | $7 | $9 | $9 | $11 |
| ██▆▅▄▄▁█ | Gross Loans ($M) | $82 | $83 | $81 | $81 | $80 | $80 | $78 | $82 |
| ▁▁▂▅▇▇▅█ | Total Deposits ($M) | $133 | $133 | $134 | $137 | $139 | $139 | $138 | $141 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 9% |
| Agricultural | 16% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 11% |