Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.40% | -0.27 | 2.68% |
| Return on Equity (%) | ▼ | 23.35% | -2.81 | 26.16% |
| Net Interest Margin (%) | ▼ | 4.26% | -0.27 | 4.53% |
| Efficiency Ratio (%) | ▼ | 41.78% | +1.81 | 39.96% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.06 | $2 |
| Cost of Funds (%) | ▲ | 2.05% | -0.03 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $280 | +30.65 | $250 |
| Gross Loans ($M) | ▲ | $208 | +8.93 | $199 |
| Loan Growth YoY (%) | ▼ | 81.87% | -6.16 | 88.03% |
| Total Deposits ($M) | ▲ | $251 | +27.57 | $223 |
| Shareholders Equity ($M) | ▲ | $29 | +2.93 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +2.93 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 81.87% | -6.16 | 88.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.14 | 0.51% |
| Allowance / Loans (%) | — | 1.28% | -0.00% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.24 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂██▆▆▄ | Net Interest Margin (%) | 4.08% | 4.10% | 4.18% | 4.53% | 4.52% | 4.41% | 4.41% | 4.26% |
| ▃▃▅██▆▆▁ | Return on Assets (%) | 2.51% | 2.49% | 2.56% | 2.68% | 2.70% | 2.60% | 2.61% | 2.40% |
| ▇█▇▂▁▄▃█ | Efficiency Ratio (%) | 41.5% | 42.0% | 41.4% | 40.0% | 39.3% | 40.5% | 40.2% | 41.8% |
| ▇█▆▁▃▄▆▁ | Cost of Funds (%) | 2.34% | 2.44% | 2.32% | 2.08% | 2.15% | 2.22% | 2.31% | 2.05% |
| ▁▁▁▆▂▁█▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.51% | 0.11% | 0.00% | 0.75% | 0.66% |
| ▁▁▁▆▂▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.64% | 0.15% | 0.00% | 1.00% | 0.88% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $23 | $24 | $25 | $26 | $27 | $27 | $28 | $29 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $175 | $179 | $188 | $199 | $201 | $206 | $206 | $208 |
| ▁▂▃▄▅█▇█ | Total Deposits ($M) | $206 | $216 | $219 | $223 | $231 | $250 | $245 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 19% |
| Agricultural | 9% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 39% |
| Brokered / Other | 37% |