Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.26 | 0.70% |
| Return on Equity (%) | ▲ | 13.85% | +0.81 | 13.04% |
| Net Interest Margin (%) | ▲ | 2.61% | +0.15 | 2.46% |
| Efficiency Ratio (%) | ▲ | 60.52% | -8.62 | 69.14% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.16 | $0 |
| Cost of Funds (%) | ▲ | 1.71% | -0.26 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +13.45 | $184 |
| Gross Loans ($M) | ▼ | $85 | -0.85 | $86 |
| Loan Growth YoY (%) | ▼ | 46.50% | -3.30 | 49.80% |
| Total Deposits ($M) | ▲ | $181 | +10.14 | $171 |
| Shareholders Equity ($M) | ▲ | $13 | +3.43 | $10 |
| Tang. Book Value ($M) | ▲ | $13 | +3.51 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +3.95 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 46.50% | -3.30 | 49.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.10% | 0.09% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.32% | +0.93 | 15.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▅▇███ | Net Interest Margin (%) | 2.34% | 2.31% | 2.28% | 2.46% | 2.56% | 2.61% | 2.61% | 2.61% |
| ▂▅▁▅▆▆▄█ | Return on Assets (%) | 0.52% | 0.71% | 0.44% | 0.70% | 0.79% | 0.81% | 0.69% | 0.96% |
| ▅▆█▃▂▂▄▁ | Efficiency Ratio (%) | 75.6% | 78.2% | 85.9% | 69.1% | 66.7% | 65.6% | 70.6% | 60.5% |
| ███▄▄▃▃▁ | Cost of Funds (%) | 2.35% | 2.38% | 2.38% | 1.98% | 1.98% | 1.96% | 1.89% | 1.71% |
| █▃▁▁▁▁▁▁ | NPA / Assets (%) | 0.82% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| █▃▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.77% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% |
| ▁▄▂▃▅███ | Tang. Book Value ($M) | $8 | $11 | $9 | $10 | $11 | $13 | $13 | $13 |
| ▁▄▂▄██▆▄ | Gross Loans ($M) | $80 | $85 | $83 | $86 | $91 | $92 | $88 | $85 |
| ▁▁▂▅▄▅▆█ | Total Deposits ($M) | $159 | $157 | $162 | $171 | $167 | $172 | $174 | $181 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 20% |
| Agricultural | 14% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 19% |