Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.93% | -0.07 | 2.00% |
| Return on Equity (%) | ▼ | 19.88% | -1.97 | 21.85% |
| Net Interest Margin (%) | ▼ | 3.15% | -0.28 | 3.42% |
| Efficiency Ratio (%) | ▼ | 40.58% | +0.95 | 39.63% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▼ | 1.66% | +0.02 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $284 | +20.77 | $263 |
| Gross Loans ($M) | ▲ | $103 | +4.38 | $98 |
| Loan Growth YoY (%) | ▼ | 44.70% | -2.13 | 46.83% |
| Total Deposits ($M) | ▲ | $225 | +19.64 | $206 |
| Shareholders Equity ($M) | ▲ | $26 | +2.68 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +2.68 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.47 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 44.70% | -2.13 | 46.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.65 | 0.65% |
| Allowance / Loans (%) | — | 1.91% | -0.11% | 2.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.74 | 1.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ████▇▇▇▁ | Net Interest Margin (%) | 3.46% | 3.43% | 3.44% | 3.42% | 3.39% | 3.39% | 3.41% | 3.15% |
| ▆▃▁█▆▅▅▇ | Return on Assets (%) | 1.92% | 1.79% | 1.70% | 2.00% | 1.92% | 1.88% | 1.85% | 1.93% |
| ▄▆█▁▂▃▆▁ | Efficiency Ratio (%) | 43.1% | 44.8% | 48.0% | 39.6% | 40.9% | 42.1% | 45.0% | 40.6% |
| █▃█▁█▄▆▂ | Cost of Funds (%) | 1.78% | 1.69% | 1.79% | 1.64% | 1.79% | 1.69% | 1.74% | 1.66% |
| █▅▅▄▁▁▁▁ | NPA / Assets (%) | 1.53% | 0.86% | 0.82% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▅▅▄▁▁▁▁ | Net Charge-Off Ratio (%) | 3.64% | 2.11% | 1.87% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▁▂▂▆█▇ | Tang. Book Value ($M) | $22 | $24 | $23 | $23 | $23 | $25 | $27 | $26 |
| ▃▅█▁▁▅▇▄ | Gross Loans ($M) | $101 | $104 | $110 | $98 | $97 | $104 | $107 | $103 |
| ▁▃▃▃▂▃▇█ | Total Deposits ($M) | $198 | $206 | $207 | $206 | $203 | $205 | $221 | $225 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 23% |
| Agricultural | 21% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |