Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.67 | 0.41% |
| Return on Equity (%) | ▲ | 14.22% | +8.12 | 6.10% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.74 | 2.67% |
| Efficiency Ratio (%) | ▲ | 70.12% | -15.49 | 85.61% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 2.42% | -0.20 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $139 | +4.09 | $135 |
| Gross Loans ($M) | ▲ | $81 | +13.61 | $68 |
| Loan Growth YoY (%) | ▲ | 66.25% | +10.00 | 56.25% |
| Total Deposits ($M) | ▲ | $122 | +2.68 | $119 |
| Shareholders Equity ($M) | ▲ | $10 | +1.47 | $9 |
| Tang. Book Value ($M) | ▲ | $10 | +1.47 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.63 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 66.25% | +10.00 | 56.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.14 | 0.36% |
| Allowance / Loans (%) | — | 0.64% | -0.27% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.43 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.00% | -0.03 | 10.04% |
Noninterest income ($0.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.41% | 2.46% | 2.51% | 2.67% | 2.83% | 2.88% | 2.94% | 3.40% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 0.27% | 0.33% | 0.37% | 0.41% | 0.56% | 0.58% | 0.66% | 1.08% |
| ██▇▇▅▅▄▁ | Efficiency Ratio (%) | 89.3% | 87.3% | 86.4% | 85.6% | 81.5% | 81.1% | 79.0% | 70.1% |
| ▆█▇▄▇▄▂▁ | Cost of Funds (%) | 2.72% | 2.83% | 2.77% | 2.61% | 2.75% | 2.62% | 2.51% | 2.42% |
| ██▄▃▂▁▅▁ | NPA / Assets (%) | 0.68% | 0.66% | 0.42% | 0.36% | 0.33% | 0.25% | 0.48% | 0.22% |
| █▇▄▄▃▂▄▁ | Net Charge-Off Ratio (%) | 1.36% | 1.21% | 0.78% | 0.72% | 0.61% | 0.45% | 0.77% | 0.29% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $8 | $9 | $9 | $9 | $9 | $10 | $10 | $10 |
| ▁▃▄▃▄▅▆█ | Gross Loans ($M) | $60 | $67 | $69 | $68 | $70 | $71 | $75 | $81 |
| ▁▂▅▇▄▄▆█ | Total Deposits ($M) | $105 | $108 | $114 | $119 | $112 | $113 | $117 | $122 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 9% |
| Agricultural | 9% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |