Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.74 | 2.06% |
| Return on Equity (%) | ▼ | 10.71% | -7.36 | 18.07% |
| Net Interest Margin (%) | ▼ | 3.54% | -0.71 | 4.25% |
| Efficiency Ratio (%) | ▼ | 64.01% | +12.18 | 51.83% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.40 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.05 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $213 | +2.46 | $210 |
| Gross Loans ($M) | ▲ | $123 | +10.18 | $113 |
| Loan Growth YoY (%) | ▲ | 68.97% | +5.62 | 63.35% |
| Total Deposits ($M) | ▲ | $177 | +0.39 | $176 |
| Shareholders Equity ($M) | ▲ | $27 | +2.08 | $25 |
| Tang. Book Value ($M) | ▲ | $27 | +2.16 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.23 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 68.97% | +5.62 | 63.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.04 | 0.02% |
| Allowance / Loans (%) | — | 1.00% | -0.09% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.07 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▅▅▃ | Net Interest Margin (%) | 3.26% | 3.28% | 3.34% | 4.25% | 3.96% | 3.80% | 3.76% | 3.54% |
| ▁▁▁█▆▅▄▃ | Return on Assets (%) | 1.08% | 1.05% | 1.14% | 2.06% | 1.79% | 1.59% | 1.47% | 1.32% |
| ██▇▁▂▄▅▇ | Efficiency Ratio (%) | 66.3% | 67.2% | 65.2% | 51.8% | 55.0% | 58.3% | 60.7% | 64.0% |
| █▆▇▂▄▂▆▁ | Cost of Funds (%) | 1.58% | 1.51% | 1.52% | 1.35% | 1.42% | 1.36% | 1.50% | 1.30% |
| ██▄▁▁▂▁▁ | NPA / Assets (%) | 0.50% | 0.49% | 0.23% | 0.02% | 0.07% | 0.12% | 0.06% | 0.06% |
| ██▄▁▁▂▁▁ | Net Charge-Off Ratio (%) | 0.90% | 0.90% | 0.42% | 0.04% | 0.12% | 0.22% | 0.10% | 0.11% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $22 | $23 | $24 | $24 | $25 | $26 | $26 | $27 |
| ▁▁▂▁▄███ | Gross Loans ($M) | $112 | $114 | $115 | $113 | $118 | $123 | $124 | $123 |
| ▁▄▆▅▂█▆▅ | Total Deposits ($M) | $165 | $174 | $179 | $176 | $168 | $186 | $180 | $177 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Agricultural | 5% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 6% |