Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.08 | 0.53% |
| Return on Equity (%) | ▼ | 9.47% | -0.89 | 10.36% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.15 | 3.67% |
| Efficiency Ratio (%) | ▲ | 83.15% | -1.31 | 84.46% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.08 | $0 |
| Cost of Funds (%) | ▼ | 1.35% | +0.10 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $287 | +18.59 | $268 |
| Gross Loans ($M) | ▲ | $149 | +2.22 | $147 |
| Loan Growth YoY (%) | ▼ | 54.79% | -2.30 | 57.09% |
| Total Deposits ($M) | ▲ | $268 | +14.66 | $253 |
| Shareholders Equity ($M) | ▲ | $18 | +3.88 | $14 |
| Tang. Book Value ($M) | ▲ | $18 | +3.88 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +3.94 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 54.79% | -2.30 | 57.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.00 | 0.05% |
| Allowance / Loans (%) | — | 1.46% | -0.02% | 1.49% |
| Net Charge-Off Ratio (%) | — | 0.10% | 0.00 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.77% | +0.20 | 14.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇███ | Net Interest Margin (%) | 3.41% | 3.46% | 3.54% | 3.67% | 3.76% | 3.82% | 3.84% | 3.82% |
| ▃▂▁▆▇█▇▇ | Return on Assets (%) | 0.25% | 0.21% | 0.06% | 0.53% | 0.62% | 0.72% | 0.59% | 0.61% |
| █▇▆▃▁▁▁▂ | Efficiency Ratio (%) | 93.7% | 91.7% | 89.0% | 84.5% | 82.3% | 81.0% | 80.7% | 83.1% |
| ▄█▃▁▅▂▃█ | Cost of Funds (%) | 1.29% | 1.34% | 1.28% | 1.25% | 1.31% | 1.26% | 1.28% | 1.35% |
| ▁▁▁▁▁▁█▁ | NPA / Assets (%) | 0.06% | 0.06% | 0.06% | 0.05% | 0.05% | 0.05% | 0.32% | 0.05% |
| ▁▁▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.10% | 0.10% | 0.10% | 0.09% | 0.61% | 0.10% |
| ▁▄▁▃▂▇██ | Tang. Book Value ($M) | $13 | $15 | $13 | $14 | $14 | $17 | $19 | $18 |
| ▁█▄▁▃▅▅▄ | Gross Loans ($M) | $146 | $152 | $149 | $147 | $148 | $150 | $150 | $149 |
| ▁▁▃▄▅▇██ | Total Deposits ($M) | $239 | $238 | $248 | $253 | $256 | $264 | $267 | $268 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |