Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.34% | -0.52 | 2.86% |
| Return on Equity (%) | ▼ | 29.25% | -1.50 | 30.75% |
| Net Interest Margin (%) | ▼ | 6.35% | -0.36 | 6.71% |
| Efficiency Ratio (%) | ▼ | 60.12% | +5.84 | 54.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.25 | $1 |
| Cost of Funds (%) | ▲ | 1.04% | -0.08 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $194 | +1.41 | $193 |
| Gross Loans ($M) | ▲ | $168 | +9.09 | $159 |
| Loan Growth YoY (%) | ▲ | 92.78% | +3.06 | 89.71% |
| Total Deposits ($M) | ▲ | $179 | +3.96 | $175 |
| Shareholders Equity ($M) | ▼ | $15 | -2.54 | $17 |
| Tang. Book Value ($M) | ▼ | $15 | -2.44 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 92.78% | +3.06 | 89.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.17 | 0.31% |
| Allowance / Loans (%) | — | 1.08% | -0.03% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.01 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.59% | -1.69 | 11.27% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅████▃ | Net Interest Margin (%) | 6.18% | 6.41% | 6.52% | 6.71% | 6.72% | 6.73% | 6.76% | 6.35% |
| ▄▇█████▁ | Return on Assets (%) | 2.55% | 2.76% | 2.87% | 2.86% | 2.86% | 2.83% | 2.81% | 2.34% |
| ▄▂▁▃▃▃▃█ | Efficiency Ratio (%) | 55.6% | 53.6% | 52.3% | 54.3% | 54.4% | 54.8% | 55.2% | 60.1% |
| ▇▅█▄▅▄▃▁ | Cost of Funds (%) | 1.18% | 1.14% | 1.21% | 1.12% | 1.13% | 1.11% | 1.09% | 1.04% |
| ██▃▅▅▂▁▁ | NPA / Assets (%) | 0.44% | 0.43% | 0.24% | 0.31% | 0.30% | 0.16% | 0.12% | 0.14% |
| ██▁▅▅▆▄▅ | Net Charge-Off Ratio (%) | 0.19% | 0.20% | 0.02% | 0.12% | 0.11% | 0.15% | 0.10% | 0.13% |
| █████▆▁▁ | Tang. Book Value ($M) | $17 | $18 | $18 | $17 | $17 | $17 | $15 | $15 |
| ▁▂▁▄▄▆▆█ | Gross Loans ($M) | $152 | $154 | $153 | $159 | $160 | $162 | $164 | $168 |
| ▁▃▂▆▃▃▁█ | Total Deposits ($M) | $165 | $169 | $167 | $175 | $170 | $170 | $165 | $179 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 5% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 4% |