Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.43 | 0.53% |
| Return on Equity (%) | ▲ | 12.46% | +4.28 | 8.18% |
| Net Interest Margin (%) | ▲ | 2.51% | +0.30 | 2.21% |
| Efficiency Ratio (%) | ▲ | 61.18% | -10.81 | 71.99% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 1.53% | -0.23 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $174 | -1.59 | $176 |
| Gross Loans ($M) | ▲ | $76 | +2.67 | $74 |
| Loan Growth YoY (%) | ▲ | 47.06% | +2.57 | 44.48% |
| Total Deposits ($M) | ▼ | $160 | -3.30 | $163 |
| Shareholders Equity ($M) | ▲ | $13 | +1.64 | $11 |
| Tang. Book Value ($M) | ▲ | $13 | +1.64 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +1.58 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 47.06% | +2.57 | 44.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.84 | 0.00% |
| Allowance / Loans (%) | — | 1.26% | -0.03% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 1.92% | +1.91 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.06% | +0.84 | 12.21% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▆█ | Net Interest Margin (%) | 1.94% | 1.93% | 2.01% | 2.21% | 2.35% | 2.30% | 2.36% | 2.51% |
| ▁▁▁▃▄▄▅█ | Return on Assets (%) | 0.32% | 0.30% | 0.38% | 0.53% | 0.60% | 0.62% | 0.65% | 0.96% |
| ██▇▅▄▃▃▁ | Efficiency Ratio (%) | 80.5% | 79.0% | 76.6% | 72.0% | 69.3% | 68.2% | 67.5% | 61.2% |
| █▆▇▃▅▃▄▁ | Cost of Funds (%) | 2.38% | 2.06% | 2.22% | 1.77% | 1.97% | 1.80% | 1.89% | 1.53% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.84% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.92% |
| ▁▅▂▄▆▇██ | Tang. Book Value ($M) | $10 | $11 | $10 | $11 | $12 | $13 | $13 | $13 |
| ▁▄▅▆▆███ | Gross Loans ($M) | $68 | $72 | $73 | $74 | $74 | $76 | $77 | $76 |
| ▃█▂█▁█▁▇ | Total Deposits ($M) | $149 | $165 | $145 | $163 | $140 | $163 | $142 | $160 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 8% |
| Agricultural | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 10% |