Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.04% | +0.15 | -0.19% |
| Return on Equity (%) | ▲ | -0.54% | +2.30 | -2.84% |
| Net Interest Margin (%) | ▼ | 3.66% | -0.19 | 3.85% |
| Efficiency Ratio (%) | ▼ | 99.57% | +0.43 | 99.14% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.01 | $-0 |
| Cost of Funds (%) | ▼ | 2.23% | +0.07 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +15.68 | $183 |
| Gross Loans ($M) | ▲ | $145 | +26.63 | $118 |
| Loan Growth YoY (%) | ▲ | 86.03% | +10.21 | 75.82% |
| Total Deposits ($M) | ▲ | $167 | +12.66 | $155 |
| Shareholders Equity ($M) | ▲ | $14 | +1.62 | $12 |
| Tang. Book Value ($M) | ▲ | $10 | +1.70 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $12 | +1.22 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 86.03% | +10.21 | 75.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.16 | 0.37% |
| Allowance / Loans (%) | — | 0.64% | -0.19% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.73% | +0.15 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.99% | -1.83 | 12.82% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃██▇█▅ | Net Interest Margin (%) | 3.36% | 3.41% | 3.49% | 3.85% | 3.80% | 3.77% | 3.85% | 3.66% |
| ▂▃▄▁▇▅█▄ | Return on Assets (%) | -0.14% | -0.10% | -0.05% | -0.19% | 0.07% | -0.03% | 0.12% | -0.04% |
| █▇▆▅▁▄▁▆ | Efficiency Ratio (%) | 101.9% | 101.1% | 100.1% | 99.1% | 95.6% | 98.4% | 95.5% | 99.6% |
| ▆▃▄▁▃█▄▂ | Cost of Funds (%) | 2.41% | 2.28% | 2.31% | 2.16% | 2.25% | 2.51% | 2.32% | 2.23% |
| ▃█▅▂▁▆▅▅ | NPA / Assets (%) | 0.44% | 0.73% | 0.57% | 0.37% | 0.31% | 0.62% | 0.57% | 0.53% |
| ▄█▅▃▁▅▄▄ | Net Charge-Off Ratio (%) | 0.72% | 1.24% | 0.89% | 0.58% | 0.34% | 0.83% | 0.78% | 0.73% |
| ▁▅▁▂▄▆█▇ | Tang. Book Value ($M) | $8 | $10 | $8 | $8 | $9 | $10 | $11 | $10 |
| ▁▁▁▃▅▆██ | Gross Loans ($M) | $107 | $106 | $111 | $118 | $130 | $134 | $144 | $145 |
| ▁▄▄▅▇█▇█ | Total Deposits ($M) | $133 | $148 | $149 | $155 | $161 | $170 | $165 | $167 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 22% |