Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.39 | 1.32% |
| Return on Equity (%) | ▲ | 11.93% | +2.20 | 9.73% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.01 | 3.96% |
| Efficiency Ratio (%) | ▲ | 48.39% | -4.21 | 52.60% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.08 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $274 | +7.16 | $267 |
| Gross Loans ($M) | ▼ | $126 | -1.14 | $127 |
| Loan Growth YoY (%) | ▼ | 53.31% | -1.70 | 55.02% |
| Total Deposits ($M) | ▲ | $231 | +4.89 | $226 |
| Shareholders Equity ($M) | ▲ | $40 | +3.22 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +3.22 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +3.67 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 53.31% | -1.70 | 55.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.41% | +0.32 | 1.09% |
| Allowance / Loans (%) | — | 2.18% | 0.10% | 2.08% |
| Net Charge-Off Ratio (%) | ▲ | 1.30% | -1.01 | 2.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇███ | Net Interest Margin (%) | 3.60% | 3.64% | 3.68% | 3.96% | 3.94% | 3.97% | 4.01% | 3.96% |
| ▂▃▃▁▂▃▅█ | Return on Assets (%) | 1.38% | 1.43% | 1.46% | 1.32% | 1.37% | 1.45% | 1.55% | 1.71% |
| █▇▇█▆▃▁▄ | Efficiency Ratio (%) | 53.8% | 51.5% | 52.5% | 52.6% | 50.3% | 46.9% | 44.2% | 48.4% |
| █▇▅▄▅▃▃▁ | Cost of Funds (%) | 1.21% | 1.17% | 1.13% | 1.09% | 1.12% | 1.08% | 1.06% | 1.01% |
| ▇██▁▄▂▃▄ | NPA / Assets (%) | 1.69% | 1.81% | 1.78% | 1.09% | 1.39% | 1.21% | 1.28% | 1.41% |
| ███▄▁▁▁▂ | Net Charge-Off Ratio (%) | 4.00% | 3.77% | 3.76% | 2.30% | 0.82% | 0.76% | 1.02% | 1.30% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $35 | $35 | $36 | $36 | $37 | $39 | $39 | $40 |
| ▁████▆▇█ | Gross Loans ($M) | $111 | $126 | $126 | $127 | $126 | $122 | $124 | $126 |
| ▄▄▅▅▁▃█▇ | Total Deposits ($M) | $224 | $223 | $226 | $226 | $216 | $221 | $233 | $231 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 13% |
| Agricultural | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 5% |