Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.57% | -0.04 | 0.61% |
| Return on Equity (%) | ▼ | 11.48% | -7.11 | 18.59% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.30 | 3.39% |
| Efficiency Ratio (%) | ▼ | 85.70% | +0.08 | 85.62% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▲ | 1.75% | -0.04 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $216 | +13.25 | $203 |
| Gross Loans ($M) | ▲ | $135 | +15.03 | $120 |
| Loan Growth YoY (%) | ▲ | 69.64% | +3.65 | 65.99% |
| Total Deposits ($M) | ▲ | $192 | +11.92 | $180 |
| Shareholders Equity ($M) | ▲ | $10 | +3.26 | $7 |
| Tang. Book Value ($M) | ▲ | $10 | +3.39 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +3.40 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 69.64% | +3.65 | 65.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | -0.00% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.22% | +0.39 | 9.82% |
Noninterest income ($0.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 3.26% | 3.28% | 3.32% | 3.39% | 3.51% | 3.57% | 3.61% | 3.69% |
| ▁▁▁█▇▆▆█ | Return on Assets (%) | 0.22% | 0.18% | 0.19% | 0.61% | 0.55% | 0.47% | 0.46% | 0.57% |
| ███▁▁▂▂▁ | Efficiency Ratio (%) | 97.2% | 97.2% | 96.6% | 85.6% | 86.9% | 88.4% | 88.4% | 85.7% |
| ▁▇█▅▄▅▆▄ | Cost of Funds (%) | 1.63% | 1.87% | 1.91% | 1.79% | 1.77% | 1.77% | 1.81% | 1.75% |
| ▄█▁▁▁▁▁▁ | NPA / Assets (%) | 0.31% | 0.73% | 0.00% | 0.00% | 0.07% | 0.02% | 0.03% | 0.02% |
| ▁█▁▁▂▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.68% | 0.00% | 0.00% | 0.12% | 0.03% | 0.02% | 0.00% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $4 | $7 | $5 | $7 | $7 | $10 | $10 | $10 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $112 | $112 | $115 | $120 | $122 | $125 | $130 | $135 |
| ▁▁▁▅▆▇▆█ | Total Deposits ($M) | $167 | $165 | $165 | $180 | $183 | $186 | $185 | $192 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 16% |