Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.00 | 1.47% |
| Return on Equity (%) | ▼ | 12.42% | -1.69 | 14.11% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.41 | 2.92% |
| Efficiency Ratio (%) | ▼ | 53.77% | +1.10 | 52.67% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.49% | -0.11 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $286 | +2.81 | $283 |
| Gross Loans ($M) | ▲ | $160 | +7.48 | $152 |
| Loan Growth YoY (%) | ▲ | 63.25% | +3.22 | 60.03% |
| Total Deposits ($M) | ▼ | $250 | -0.75 | $251 |
| Shareholders Equity ($M) | ▲ | $34 | +3.61 | $30 |
| Tang. Book Value ($M) | ▲ | $34 | +3.61 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.67 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 63.25% | +3.22 | 60.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.08 | 0.27% |
| Allowance / Loans (%) | — | 1.04% | -0.14% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.10 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 2.53% | 2.58% | 2.65% | 2.92% | 3.10% | 3.17% | 3.21% | 3.33% |
| ▁▂▂█████ | Return on Assets (%) | 1.03% | 1.11% | 1.14% | 1.47% | 1.49% | 1.48% | 1.45% | 1.47% |
| ██▇▁▁▁▂▂ | Efficiency Ratio (%) | 59.9% | 59.7% | 58.9% | 52.7% | 52.2% | 52.7% | 53.3% | 53.8% |
| ███▂▂▃▂▁ | Cost of Funds (%) | 2.04% | 1.98% | 2.01% | 1.60% | 1.59% | 1.63% | 1.58% | 1.49% |
| ▅▄█▇▇█▁▂ | NPA / Assets (%) | 0.25% | 0.23% | 0.30% | 0.27% | 0.27% | 0.30% | 0.18% | 0.20% |
| ▅▄▇▆▇█▁▂ | Net Charge-Off Ratio (%) | 0.44% | 0.40% | 0.48% | 0.46% | 0.49% | 0.53% | 0.31% | 0.36% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $27 | $30 | $29 | $30 | $32 | $33 | $34 | $34 |
| ▁▅█▁▄▄█▆ | Gross Loans ($M) | $152 | $158 | $163 | $152 | $157 | $157 | $163 | $160 |
| █▂▅█▁▄█▇ | Total Deposits ($M) | $252 | $245 | $248 | $251 | $243 | $246 | $251 | $250 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 12% |
| Agricultural | 18% |
| Consumer | 9% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |