Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.03 | 1.18% |
| Return on Equity (%) | ▼ | 12.85% | -0.45 | 13.30% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.08 | 4.29% |
| Efficiency Ratio (%) | ▲ | 69.15% | -1.73 | 70.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.40% | -0.06 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $361 | +6.27 | $355 |
| Gross Loans ($M) | ▲ | $243 | +15.55 | $228 |
| Loan Growth YoY (%) | ▲ | 74.75% | +3.77 | 70.98% |
| Total Deposits ($M) | ▲ | $321 | +4.52 | $316 |
| Shareholders Equity ($M) | ▲ | $33 | +2.42 | $31 |
| Tang. Book Value ($M) | ▲ | $32 | +2.50 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.37 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 74.75% | +3.77 | 70.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.14 | 0.18% |
| Allowance / Loans (%) | — | 1.31% | 0.01% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.22 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▁▁▃▅ | Net Interest Margin (%) | 4.44% | 4.46% | 4.46% | 4.29% | 4.27% | 4.29% | 4.33% | 4.37% |
| ██▄▁▃▅▅▁ | Return on Assets (%) | 1.44% | 1.41% | 1.30% | 1.18% | 1.25% | 1.33% | 1.32% | 1.21% |
| ▁▂▆█▇▅▆▆ | Efficiency Ratio (%) | 65.2% | 66.4% | 68.9% | 70.9% | 69.7% | 68.5% | 68.8% | 69.2% |
| ▂█▇▃▆█▄▁ | Cost of Funds (%) | 1.44% | 1.56% | 1.54% | 1.46% | 1.52% | 1.57% | 1.47% | 1.40% |
| █▅▃▄▆▃▁▁ | NPA / Assets (%) | 0.35% | 0.20% | 0.14% | 0.18% | 0.25% | 0.13% | 0.04% | 0.05% |
| █▄▃▄▆▃▁▁ | Net Charge-Off Ratio (%) | 0.56% | 0.30% | 0.21% | 0.29% | 0.41% | 0.20% | 0.06% | 0.07% |
| ▁▄▃▄▄███ | Tang. Book Value ($M) | $28 | $30 | $29 | $30 | $30 | $32 | $33 | $32 |
| ▁▃▅▄▃▃██ | Gross Loans ($M) | $218 | $225 | $231 | $228 | $225 | $225 | $243 | $243 |
| ▅▃▁▇█▅▆█ | Total Deposits ($M) | $309 | $303 | $292 | $316 | $319 | $308 | $311 | $321 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 12% |
| Agricultural | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 2% |