Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.18 | 0.64% |
| Return on Equity (%) | ▲ | 9.52% | +1.35 | 8.17% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.27 | 2.96% |
| Efficiency Ratio (%) | ▲ | 72.63% | -3.66 | 76.28% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 2.61% | -0.02 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $184 | -4.17 | $188 |
| Gross Loans ($M) | ▼ | $139 | -5.64 | $145 |
| Loan Growth YoY (%) | ▲ | 94.43% | +0.45 | 93.98% |
| Total Deposits ($M) | ▼ | $146 | -6.77 | $153 |
| Shareholders Equity ($M) | ▲ | $16 | +1.74 | $14 |
| Tang. Book Value ($M) | ▲ | $16 | +1.74 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +1.79 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 94.43% | +0.45 | 93.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.13 | 0.29% |
| Allowance / Loans (%) | — | 1.04% | 0.09% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.16 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▅▄█ | Net Interest Margin (%) | 2.88% | 2.88% | 2.87% | 2.96% | 2.99% | 3.05% | 3.03% | 3.22% |
| ▁▁▂▄▃▅▆█ | Return on Assets (%) | 0.47% | 0.51% | 0.56% | 0.64% | 0.60% | 0.68% | 0.71% | 0.82% |
| ██▇▅▃▁▁▁ | Efficiency Ratio (%) | 79.4% | 79.3% | 78.2% | 76.3% | 74.7% | 73.3% | 73.3% | 72.6% |
| ▃▅▅▁▅█▅▁ | Cost of Funds (%) | 2.68% | 2.76% | 2.74% | 2.63% | 2.75% | 2.86% | 2.75% | 2.61% |
| ▆▆▄▄▅▆█▁ | NPA / Assets (%) | 0.40% | 0.38% | 0.31% | 0.29% | 0.36% | 0.39% | 0.50% | 0.17% |
| ▅▅▄▃▅▅█▁ | Net Charge-Off Ratio (%) | 0.47% | 0.50% | 0.40% | 0.38% | 0.46% | 0.50% | 0.68% | 0.22% |
| ▁▃▂▃▃▆██ | Tang. Book Value ($M) | $14 | $15 | $14 | $14 | $15 | $15 | $16 | $16 |
| ▁▁▅▇█▇▅▄ | Gross Loans ($M) | $133 | $133 | $140 | $145 | $147 | $145 | $141 | $139 |
| ▃▁▄█▇▆█▆ | Total Deposits ($M) | $136 | $129 | $140 | $153 | $147 | $147 | $150 | $146 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 16% |
| Agricultural | 25% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 24% |