Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.18% | -0.35 | 1.53% |
| Return on Equity (%) | ▼ | 13.54% | -4.60 | 18.14% |
| Net Interest Margin (%) | ▼ | 4.02% | -0.32 | 4.33% |
| Efficiency Ratio (%) | ▼ | 60.89% | +4.07 | 56.82% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.08 | $1 |
| Cost of Funds (%) | ▲ | 1.16% | -0.09 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $141 | +5.47 | $136 |
| Gross Loans ($M) | ▼ | $92 | -6.67 | $98 |
| Loan Growth YoY (%) | ▼ | 73.48% | -7.68 | 81.16% |
| Total Deposits ($M) | ▲ | $123 | +3.29 | $119 |
| Shareholders Equity ($M) | ▲ | $12 | +0.28 | $12 |
| Tang. Book Value ($M) | ▲ | $12 | +0.28 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +0.83 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 73.48% | -7.68 | 81.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.80% | +2.80 | 0.00% |
| Allowance / Loans (%) | — | 1.69% | 0.19% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 4.33% | +4.33 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.56% | +1.42 | 13.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆███▃ | Net Interest Margin (%) | 3.76% | 3.84% | 4.00% | 4.33% | 4.52% | 4.53% | 4.52% | 4.02% |
| ▁▂▃▇███▂ | Return on Assets (%) | 1.08% | 1.18% | 1.29% | 1.53% | 1.67% | 1.66% | 1.62% | 1.18% |
| █▇▆▁▁▁▂▅ | Efficiency Ratio (%) | 64.3% | 62.3% | 62.0% | 56.8% | 56.5% | 56.0% | 57.4% | 60.9% |
| ██▃█▃▁▇▂ | Cost of Funds (%) | 1.26% | 1.26% | 1.18% | 1.25% | 1.18% | 1.14% | 1.24% | 1.16% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.80% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.33% |
| ▁▃▅▅▆▇█▅ | Tang. Book Value ($M) | $10 | $11 | $12 | $12 | $12 | $12 | $13 | $12 |
| ▁▃▇█▆▃▅▅ | Gross Loans ($M) | $84 | $89 | $95 | $98 | $94 | $88 | $92 | $92 |
| ▆█▇▆▁▃██ | Total Deposits ($M) | $119 | $122 | $121 | $119 | $114 | $116 | $122 | $123 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 6% |
| Agricultural | 39% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 1% |