Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.96% | -0.12 | 1.07% |
| Return on Equity (%) | ▼ | 9.88% | -3.10 | 12.98% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.10 | 3.63% |
| Efficiency Ratio (%) | ▼ | 69.54% | +0.35 | 69.19% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.08 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $311 | +11.46 | $300 |
| Gross Loans ($M) | ▲ | $176 | +4.25 | $171 |
| Loan Growth YoY (%) | ▼ | 62.24% | -0.85 | 63.10% |
| Total Deposits ($M) | ▲ | $277 | +11.18 | $266 |
| Shareholders Equity ($M) | ▲ | $31 | +5.73 | $25 |
| Tang. Book Value ($M) | ▲ | $31 | +5.73 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +5.56 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 62.24% | -0.85 | 63.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.09 | 0.33% |
| Allowance / Loans (%) | — | 1.89% | -0.31% | 2.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.16 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇███ | Net Interest Margin (%) | 3.33% | 3.36% | 3.41% | 3.63% | 3.65% | 3.71% | 3.70% | 3.73% |
| ▁▃▄███▇▃ | Return on Assets (%) | 0.89% | 0.95% | 0.96% | 1.07% | 1.06% | 1.06% | 1.04% | 0.96% |
| █▄▃▂▁▁▁▃ | Efficiency Ratio (%) | 72.4% | 70.4% | 69.7% | 69.2% | 68.5% | 68.8% | 68.8% | 69.5% |
| ▆██▇▅▅▁▄ | Cost of Funds (%) | 1.44% | 1.51% | 1.48% | 1.46% | 1.42% | 1.42% | 1.26% | 1.39% |
| █▃▃▃▂▆▆▁ | NPA / Assets (%) | 0.49% | 0.31% | 0.33% | 0.33% | 0.29% | 0.41% | 0.41% | 0.24% |
| █▃▃▃▂▅▇▁ | Net Charge-Off Ratio (%) | 0.91% | 0.56% | 0.58% | 0.58% | 0.53% | 0.73% | 0.79% | 0.43% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $22 | $25 | $23 | $25 | $26 | $29 | $30 | $31 |
| ▁▂▃▇▄▄▄█ | Gross Loans ($M) | $158 | $163 | $163 | $171 | $167 | $166 | $166 | $176 |
| ▁▁▁▃▄▂█▆ | Total Deposits ($M) | $258 | $256 | $255 | $266 | $268 | $262 | $286 | $277 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 3% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 12% |