Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.11% | +0.69 | 1.42% |
| Return on Equity (%) | ▲ | 21.84% | +6.73 | 15.11% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.73 | 3.15% |
| Efficiency Ratio (%) | ▲ | 46.96% | -8.05 | 55.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.77 | $1 |
| Cost of Funds (%) | ▲ | 2.02% | -0.18 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $413 | -16.89 | $430 |
| Gross Loans ($M) | ▲ | $360 | +17.45 | $343 |
| Loan Growth YoY (%) | ▲ | 96.56% | +7.81 | 88.75% |
| Total Deposits ($M) | ▼ | $368 | -12.84 | $381 |
| Shareholders Equity ($M) | ▲ | $40 | +1.77 | $39 |
| Tang. Book Value ($M) | ▲ | $40 | +1.98 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 96.56% | +7.81 | 88.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.25 | 0.01% |
| Allowance / Loans (%) | — | 1.22% | -0.04% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.29 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.99% | 2.99% | 3.03% | 3.15% | 3.40% | 3.51% | 3.62% | 3.88% |
| ▁▁▁▄▄▅▄█ | Return on Assets (%) | 1.00% | 1.03% | 0.95% | 1.42% | 1.52% | 1.54% | 1.45% | 2.11% |
| ▇▇█▄▄▄▅▁ | Efficiency Ratio (%) | 64.6% | 64.4% | 67.6% | 55.0% | 55.5% | 56.1% | 59.7% | 47.0% |
| ▅██▃▇▅▂▁ | Cost of Funds (%) | 2.32% | 2.59% | 2.58% | 2.20% | 2.49% | 2.32% | 2.16% | 2.02% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.26% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.30% |
| ▁▃▃▅█▇▆█ | Tang. Book Value ($M) | $36 | $37 | $37 | $38 | $39 | $39 | $39 | $40 |
| ▁▃▂▁▅██▆ | Gross Loans ($M) | $340 | $350 | $347 | $343 | $360 | $372 | $368 | $360 |
| ▁▂▃█▅▄▇▇ | Total Deposits ($M) | $312 | $324 | $331 | $381 | $349 | $340 | $366 | $368 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 18% |
| Agricultural | 14% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |