Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.12 | 0.92% |
| Return on Equity (%) | ▼ | 6.18% | -0.57 | 6.75% |
| Net Interest Margin (%) | ▼ | 2.13% | -0.44 | 2.57% |
| Efficiency Ratio (%) | ▲ | 52.44% | -1.31 | 53.75% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▲ | 0.79% | -0.08 | 0.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $338 | +44.55 | $293 |
| Gross Loans ($M) | ▲ | $20 | +3.46 | $17 |
| Loan Growth YoY (%) | ▲ | 6.90% | +0.21 | 6.68% |
| Total Deposits ($M) | ▲ | $293 | +42.47 | $251 |
| Shareholders Equity ($M) | ▲ | $44 | +2.50 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +2.50 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +2.49 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 6.90% | +0.21 | 6.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.99% | -0.20% | 1.19% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 50.75% | +6.01 | 44.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▃▃▁ | Net Interest Margin (%) | 3.03% | 3.13% | 3.07% | 2.57% | 2.52% | 2.48% | 2.45% | 2.13% |
| ▇█▇▂▂▂▂▁ | Return on Assets (%) | 1.38% | 1.48% | 1.31% | 0.92% | 0.97% | 0.92% | 0.90% | 0.80% |
| ▂▁▂█████ | Efficiency Ratio (%) | 40.3% | 38.3% | 41.0% | 53.8% | 53.5% | 53.6% | 53.7% | 52.4% |
| ▁▂▃█▇▇▆▇ | Cost of Funds (%) | 0.55% | 0.60% | 0.66% | 0.87% | 0.81% | 0.80% | 0.79% | 0.79% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁█████ | Tang. Book Value ($M) | $12 | $14 | $14 | $41 | $43 | $45 | $43 | $44 |
| ▁▁▁▇▇███ | Gross Loans ($M) | $4 | $5 | $5 | $17 | $18 | $20 | $20 | $20 |
| ▁▁▁▆▆▇██ | Total Deposits ($M) | $140 | $147 | $129 | $251 | $251 | $256 | $289 | $293 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 14% |
| Agricultural | 14% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 10% |