Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.11 | 0.91% |
| Return on Equity (%) | ▼ | 10.10% | -0.81 | 10.91% |
| Net Interest Margin (%) | ▼ | 2.85% | -0.06 | 2.91% |
| Efficiency Ratio (%) | ▼ | 65.11% | +1.17 | 63.94% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▼ | 1.52% | +0.02 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $360 | -10.96 | $371 |
| Gross Loans ($M) | ▼ | $206 | -12.39 | $218 |
| Loan Growth YoY (%) | ▼ | 69.83% | -1.11 | 70.93% |
| Total Deposits ($M) | ▼ | $292 | -12.98 | $305 |
| Shareholders Equity ($M) | ▲ | $38 | +4.98 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +4.98 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.46 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 69.83% | -1.11 | 70.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Allowance / Loans (%) | — | 0.86% | 0.07% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.06 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅███▃ | Net Interest Margin (%) | 2.76% | 2.77% | 2.80% | 2.91% | 3.04% | 3.03% | 3.01% | 2.85% |
| ▂▁▁▂▅▇▄█ | Return on Assets (%) | 0.90% | 0.88% | 0.88% | 0.91% | 0.96% | 1.00% | 0.95% | 1.02% |
| ▄▅▅▆▁▁▁█ | Efficiency Ratio (%) | 63.0% | 63.5% | 63.3% | 63.9% | 61.1% | 60.9% | 61.1% | 65.1% |
| █▇█▂▁▂▁▂ | Cost of Funds (%) | 1.67% | 1.64% | 1.69% | 1.51% | 1.50% | 1.52% | 1.47% | 1.52% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.01% | 0.04% | 0.00% | 0.03% | 1.02% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.07% | 0.00% | 0.06% | 1.71% | 0.00% | 0.01% | 0.00% |
| ▁▅▁▄▄███ | Tang. Book Value ($M) | $29 | $33 | $30 | $33 | $33 | $37 | $37 | $38 |
| ▇█▆▇▇▄▂▁ | Gross Loans ($M) | $218 | $221 | $216 | $218 | $219 | $213 | $208 | $206 |
| ██▆▅▃▄█▁ | Total Deposits ($M) | $312 | $314 | $306 | $305 | $300 | $300 | $313 | $292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 7% |