Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.17 | 1.60% |
| Return on Equity (%) | ▼ | 15.90% | -0.41 | 16.31% |
| Net Interest Margin (%) | ▲ | 4.69% | +0.17 | 4.52% |
| Efficiency Ratio (%) | ▲ | 53.35% | -1.06 | 54.41% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 0.82% | -0.07 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $296 | +4.19 | $292 |
| Gross Loans ($M) | ▲ | $176 | +4.34 | $172 |
| Loan Growth YoY (%) | ▲ | 66.73% | +1.71 | 65.01% |
| Total Deposits ($M) | ▼ | $261 | -0.29 | $262 |
| Shareholders Equity ($M) | ▲ | $34 | +4.48 | $29 |
| Tang. Book Value ($M) | ▲ | $34 | +4.48 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.71 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 66.73% | +1.71 | 65.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.00% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.29% | +2.23 | 19.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▇███ | Net Interest Margin (%) | 4.11% | 4.24% | 4.34% | 4.52% | 4.61% | 4.69% | 4.69% | 4.69% |
| ▁▂▁▄▅█▅█ | Return on Assets (%) | 1.48% | 1.55% | 1.48% | 1.60% | 1.66% | 1.75% | 1.65% | 1.78% |
| ▅▃█▃▄▁▆▁ | Efficiency Ratio (%) | 55.4% | 54.1% | 57.0% | 54.4% | 54.4% | 52.9% | 55.7% | 53.4% |
| █▅▄▃▃▁▁▂ | Cost of Funds (%) | 1.09% | 0.97% | 0.91% | 0.90% | 0.87% | 0.81% | 0.78% | 0.82% |
| ▁▂▁▁███▁ | NPA / Assets (%) | 0.00% | 0.05% | 0.00% | 0.00% | 0.22% | 0.22% | 0.22% | 0.00% |
| ▁▂▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.09% | 0.00% | 0.00% | 0.35% | 0.00% | 0.02% | 0.00% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $25 | $28 | $28 | $29 | $31 | $32 | $33 | $34 |
| ▂▅▆▁▅▇█▃ | Gross Loans ($M) | $174 | $180 | $181 | $172 | $180 | $183 | $186 | $176 |
| ▄▁▅▅▁▁█▅ | Total Deposits ($M) | $260 | $253 | $262 | $262 | $255 | $253 | $268 | $261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 7% |
| Agricultural | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 11% |