Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.04 | 0.64% |
| Return on Equity (%) | ▼ | 16.48% | -14.43 | 30.91% |
| Net Interest Margin (%) | ▲ | 2.87% | +0.18 | 2.69% |
| Efficiency Ratio (%) | ▲ | 77.03% | -0.49 | 77.52% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 1.46% | -0.21 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $102 | +2.26 | $99 |
| Gross Loans ($M) | ▲ | $42 | +1.60 | $41 |
| Loan Growth YoY (%) | ▲ | 46.15% | +0.46 | 45.70% |
| Total Deposits ($M) | ▲ | $91 | +2.50 | $88 |
| Shareholders Equity ($M) | ▲ | $4 | +1.75 | $2 |
| Tang. Book Value ($M) | ▲ | $4 | +1.75 | $2 |
| TBV excl. AOCI ($M)** | ▲ | $7 | +1.61 | $5 |
| Loan / Deposit Ratio (%) | ▲ | 46.15% | +0.46 | 45.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.19% | 0.06% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.03 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.62% | +1.15 | 16.47% |
Noninterest income ($0.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▁▅▅▆▇█ | Net Interest Margin (%) | 2.55% | 2.61% | 2.45% | 2.69% | 2.69% | 2.74% | 2.78% | 2.87% |
| ▂▄▁█▃▅▄█ | Return on Assets (%) | 0.39% | 0.45% | 0.30% | 0.64% | 0.43% | 0.50% | 0.47% | 0.68% |
| ▇▄█▁▄▄▅▁ | Efficiency Ratio (%) | 85.9% | 82.2% | 87.5% | 77.5% | 82.1% | 81.2% | 83.1% | 77.0% |
| ▂▃█▂▃▃▁▁ | Cost of Funds (%) | 1.58% | 1.74% | 2.46% | 1.67% | 1.71% | 1.76% | 1.58% | 1.46% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.47% | 0.06% | 0.06% | 0.04% | 0.04% | 0.06% | 0.05% | 0.06% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.27% | 0.16% | 0.15% | 0.11% | 0.10% | 0.14% | 0.13% | 0.14% |
| ▁▆▂▄▄███ | Tang. Book Value ($M) | $1 | $3 | $2 | $2 | $3 | $4 | $4 | $4 |
| ▁▆▆▆▇▇██ | Gross Loans ($M) | $37 | $41 | $40 | $41 | $42 | $41 | $42 | $42 |
| ▄▁█▆▁▁▃█ | Total Deposits ($M) | $86 | $81 | $91 | $88 | $82 | $81 | $84 | $91 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 9% |
| Agricultural | 15% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 15% |