Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.37 | 1.30% |
| Return on Equity (%) | ▲ | 22.09% | +3.21 | 18.88% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.24 | 2.85% |
| Efficiency Ratio (%) | ▲ | 53.35% | -5.45 | 58.80% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.95% | -0.25 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $106 | +9.35 | $97 |
| Gross Loans ($M) | ▼ | $58 | -0.45 | $59 |
| Loan Growth YoY (%) | ▼ | 67.53% | -4.48 | 72.01% |
| Total Deposits ($M) | ▲ | $86 | +4.71 | $81 |
| Shareholders Equity ($M) | ▲ | $8 | +1.06 | $7 |
| Tang. Book Value ($M) | ▲ | $8 | +1.06 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $9 | +1.15 | $8 |
| Loan / Deposit Ratio (%) | ▼ | 67.53% | -4.48 | 72.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.76% | 0.00% | 0.75% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▇██ | Net Interest Margin (%) | 2.68% | 2.69% | 2.78% | 2.85% | 2.87% | 3.02% | 3.08% | 3.09% |
| ▆▅▅▄▁▄▅█ | Return on Assets (%) | 1.46% | 1.41% | 1.35% | 1.30% | 1.00% | 1.30% | 1.38% | 1.66% |
| ▁▄▄█▄▁▂▁ | Efficiency Ratio (%) | 52.6% | 54.9% | 55.1% | 58.8% | 55.7% | 52.8% | 53.7% | 53.3% |
| ▆▆█▄▃▃▂▁ | Cost of Funds (%) | 2.34% | 2.39% | 2.57% | 2.20% | 2.13% | 2.14% | 2.08% | 1.95% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▃▃▄███ | Tang. Book Value ($M) | $6 | $7 | $7 | $7 | $7 | $8 | $8 | $8 |
| █▅▁▄▃▇▇▃ | Gross Loans ($M) | $61 | $60 | $57 | $59 | $58 | $61 | $60 | $58 |
| ▄▄▁▅▂▂▃█ | Total Deposits ($M) | $80 | $80 | $75 | $81 | $78 | $78 | $79 | $86 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 8% |
| Agricultural | 26% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 17% |