Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.18% | -0.11 | 2.29% |
| Return on Equity (%) | ▼ | 20.92% | -2.15 | 23.07% |
| Net Interest Margin (%) | ▼ | 4.11% | -0.02 | 4.13% |
| Efficiency Ratio (%) | ▼ | 49.91% | +1.97 | 47.94% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.03 | $1 |
| Cost of Funds (%) | ▲ | 0.91% | -0.05 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +3.64 | $194 |
| Gross Loans ($M) | ▲ | $91 | +7.32 | $84 |
| Loan Growth YoY (%) | ▲ | 51.12% | +3.33 | 47.79% |
| Total Deposits ($M) | ▲ | $177 | +2.81 | $174 |
| Shareholders Equity ($M) | ▲ | $20 | +0.82 | $20 |
| Tang. Book Value ($M) | ▲ | $20 | +0.82 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +0.73 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 51.12% | +3.33 | 47.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | 0.02% | 1.05% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.29% | -0.71 | 20.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅██▁▅▆█▁ | Net Interest Margin (%) | 4.25% | 4.31% | 4.34% | 4.13% | 4.25% | 4.27% | 4.31% | 4.11% |
| ▃▄▁█▄▂▁▅ | Return on Assets (%) | 2.12% | 2.17% | 2.08% | 2.29% | 2.17% | 2.12% | 2.06% | 2.18% |
| ▁▃▆▁▄▄█▅ | Efficiency Ratio (%) | 48.3% | 48.9% | 50.5% | 47.9% | 49.5% | 49.5% | 51.8% | 49.9% |
| ▃█▄▆██▄▁ | Cost of Funds (%) | 0.93% | 0.97% | 0.94% | 0.95% | 0.97% | 0.97% | 0.94% | 0.91% |
| ▁▁▁▁███▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.09% | 0.09% | 0.00% |
| ▁▁▁▁███▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.18% | 0.17% | 0.00% |
| ▁▄▄▆▇███ | Tang. Book Value ($M) | $18 | $19 | $19 | $20 | $20 | $20 | $21 | $20 |
| ▁▃▃▁▃▄█▄ | Gross Loans ($M) | $84 | $90 | $90 | $84 | $88 | $91 | $100 | $91 |
| ▁▁█▇▄▄██ | Total Deposits ($M) | $161 | $160 | $176 | $174 | $166 | $166 | $175 | $177 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 15% |
| Agricultural | 19% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |