Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.99% | -0.42 | 2.41% |
| Return on Equity (%) | ▼ | 14.15% | -5.02 | 19.17% |
| Net Interest Margin (%) | ▼ | 5.00% | -0.06 | 5.06% |
| Efficiency Ratio (%) | ▼ | 47.85% | +12.48 | 35.37% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.10% | -0.09 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $104 | -1.27 | $105 |
| Gross Loans ($M) | ▲ | $72 | +4.09 | $68 |
| Loan Growth YoY (%) | ▲ | 80.38% | +6.77 | 73.62% |
| Total Deposits ($M) | ▼ | $88 | -2.60 | $91 |
| Shareholders Equity ($M) | ▲ | $15 | +1.58 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +1.58 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 80.38% | +6.77 | 73.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.37% | -0.05% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▇▃▆█▆▁ | Net Interest Margin (%) | 5.12% | 5.20% | 5.16% | 5.06% | 5.13% | 5.20% | 5.14% | 5.00% |
| ███▆███▁ | Return on Assets (%) | 2.62% | 2.64% | 2.60% | 2.41% | 2.56% | 2.56% | 2.57% | 1.99% |
| ▁▁▁▂▁▁▂█ | Efficiency Ratio (%) | 32.1% | 31.9% | 32.5% | 35.4% | 33.4% | 33.8% | 34.3% | 47.8% |
| ▅█▆▃▂▂▁▁ | Cost of Funds (%) | 1.24% | 1.36% | 1.27% | 1.19% | 1.14% | 1.16% | 1.10% | 1.10% |
| █▂█▁▂▂▁▁ | NPA / Assets (%) | 0.44% | 0.07% | 0.46% | 0.01% | 0.10% | 0.08% | 0.03% | 0.01% |
| █▂█▁▂▂▁▁ | Net Charge-Off Ratio (%) | 0.65% | 0.11% | 0.67% | 0.01% | 0.15% | 0.11% | 0.04% | 0.02% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $12 | $13 | $13 | $13 | $14 | $14 | $15 | $15 |
| ▁▁▇▃▅▁██ | Gross Loans ($M) | $66 | $67 | $71 | $68 | $70 | $66 | $72 | $72 |
| ▃▁▆█▇▁▇▆ | Total Deposits ($M) | $86 | $84 | $89 | $91 | $90 | $84 | $90 | $88 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 10% |
| Agricultural | 39% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |