Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.22% | -0.88 | 1.09% |
| Return on Equity (%) | ▼ | 1.52% | -6.50 | 8.02% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.57 | 3.58% |
| Efficiency Ratio (%) | ▼ | 95.03% | +20.95 | 74.08% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.30 | $0 |
| Cost of Funds (%) | ▲ | 1.43% | -0.29 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $154 | +10.42 | $143 |
| Gross Loans ($M) | ▲ | $100 | +10.27 | $90 |
| Loan Growth YoY (%) | ▲ | 82.28% | +9.65 | 72.63% |
| Total Deposits ($M) | ▼ | $120 | -1.90 | $122 |
| Shareholders Equity ($M) | ▲ | $21 | +2.02 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +2.04 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +1.98 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 82.28% | +9.65 | 72.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.04% | -0.09% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.83% | +1.45 | 19.38% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▅█ | Net Interest Margin (%) | 3.53% | 3.49% | 3.52% | 3.58% | 3.58% | 3.69% | 3.86% | 4.15% |
| ▇▆▇▆▇██▁ | Return on Assets (%) | 1.19% | 1.13% | 1.22% | 1.09% | 1.25% | 1.34% | 1.47% | 0.22% |
| ▂▂▁▃▂▁▁█ | Efficiency Ratio (%) | 71.1% | 71.5% | 69.9% | 74.1% | 70.3% | 68.9% | 66.8% | 95.0% |
| ▃▇█▆▅▅▅▁ | Cost of Funds (%) | 1.54% | 1.76% | 1.85% | 1.72% | 1.64% | 1.65% | 1.67% | 1.43% |
| ▄▅▁█▅▁▁▃ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.03% | 0.01% | 0.00% | 0.00% | 0.01% |
| ▄▅▁█▅▁▁▃ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.00% | 0.04% | 0.02% | 0.00% | 0.00% | 0.01% |
| ▆▃▂▁▁▅█▆ | Tang. Book Value ($M) | $21 | $20 | $20 | $19 | $19 | $21 | $22 | $21 |
| ▁▁▂▁▅▇▆█ | Gross Loans ($M) | $89 | $90 | $91 | $90 | $95 | $98 | $97 | $100 |
| ▁▅▆▅▇█▄▅ | Total Deposits ($M) | $108 | $121 | $123 | $122 | $127 | $132 | $119 | $120 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 11% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |