Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.23 | 1.02% |
| Return on Equity (%) | ▼ | 15.61% | -2.15 | 17.76% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.24 | 2.67% |
| Efficiency Ratio (%) | ▲ | 59.28% | -5.24 | 64.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.37 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.16 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $558 | +11.72 | $547 |
| Gross Loans ($M) | ▼ | $264 | -1.56 | $266 |
| Loan Growth YoY (%) | ▼ | 50.93% | -0.46 | 51.39% |
| Total Deposits ($M) | ▲ | $512 | +1.83 | $510 |
| Shareholders Equity ($M) | ▲ | $44 | +11.25 | $33 |
| Tang. Book Value ($M) | ▲ | $44 | +11.25 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +10.88 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 50.93% | -0.46 | 51.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.33 | 0.01% |
| Allowance / Loans (%) | — | 1.32% | -0.04% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.71 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▅▅█ | Net Interest Margin (%) | 2.65% | 2.64% | 2.67% | 2.67% | 2.76% | 2.79% | 2.80% | 2.90% |
| ▅▂▁▄▅▅▆█ | Return on Assets (%) | 1.06% | 0.89% | 0.80% | 1.02% | 1.05% | 1.08% | 1.10% | 1.25% |
| ▆▅▄██▇▅▁ | Efficiency Ratio (%) | 63.0% | 62.0% | 61.4% | 64.5% | 64.2% | 63.3% | 62.3% | 59.3% |
| ▁█▇▆▆▇▃▂ | Cost of Funds (%) | 1.46% | 1.81% | 1.76% | 1.70% | 1.68% | 1.73% | 1.59% | 1.54% |
| ▁▃▁▁▁▁██ | NPA / Assets (%) | 0.03% | 0.09% | 0.01% | 0.01% | 0.00% | 0.00% | 0.34% | 0.34% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.07% | 0.05% | 0.01% | 0.01% | 0.00% | 0.00% | 0.71% | 0.72% |
| ▁▅▁▂▃▇██ | Tang. Book Value ($M) | $29 | $38 | $30 | $33 | $35 | $42 | $45 | $44 |
| ▄█▁█▇▆█▇ | Gross Loans ($M) | $258 | $266 | $250 | $266 | $265 | $263 | $268 | $264 |
| ▇▅▇▇█▁▃█ | Total Deposits ($M) | $510 | $503 | $511 | $510 | $515 | $487 | $495 | $512 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Agricultural | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 22% |