Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.05 | 1.21% |
| Return on Equity (%) | ▲ | 14.32% | +0.89 | 13.43% |
| Net Interest Margin (%) | ▼ | 3.46% | -0.30 | 3.75% |
| Efficiency Ratio (%) | ▲ | 55.58% | -3.86 | 59.45% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 2.03% | -0.37 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $328 | +81.54 | $246 |
| Gross Loans ($M) | ▲ | $233 | +9.03 | $224 |
| Loan Growth YoY (%) | ▼ | 88.72% | -30.20 | 118.91% |
| Total Deposits ($M) | ▲ | $259 | +73.72 | $185 |
| Shareholders Equity ($M) | ▲ | $25 | +1.91 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +1.91 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 88.72% | -30.20 | 118.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.77 | 0.17% |
| Allowance / Loans (%) | — | 1.61% | -0.26% | 1.87% |
| Net Charge-Off Ratio (%) | ▼ | 1.31% | +1.20 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.37% | -0.46 | 9.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▆▅███▁ | Net Interest Margin (%) | 3.77% | 3.80% | 3.79% | 3.75% | 3.93% | 3.97% | 3.95% | 3.46% |
| ▃▄▁▇███▆ | Return on Assets (%) | 1.04% | 1.09% | 0.88% | 1.21% | 1.30% | 1.32% | 1.28% | 1.16% |
| ███▄▂▂▃▁ | Efficiency Ratio (%) | 63.6% | 62.7% | 63.1% | 59.4% | 57.0% | 56.7% | 57.6% | 55.6% |
| ▄█▅▆▆█▇▁ | Cost of Funds (%) | 2.31% | 2.54% | 2.36% | 2.40% | 2.41% | 2.61% | 2.48% | 2.03% |
| ▃▂▂▁▁▁▅█ | NPA / Assets (%) | 0.40% | 0.24% | 0.23% | 0.17% | 0.11% | 0.12% | 0.53% | 0.93% |
| ▃▁▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.42% | 0.18% | 0.17% | 0.11% | 0.12% | 0.13% | 0.60% | 1.31% |
| ▁▂▁▂▄▅▇█ | Tang. Book Value ($M) | $22 | $23 | $22 | $23 | $23 | $24 | $24 | $25 |
| ▁▂▅▅███▇ | Gross Loans ($M) | $204 | $213 | $228 | $224 | $241 | $242 | $240 | $233 |
| ▁▁▃▂▂▃▄█ | Total Deposits ($M) | $165 | $170 | $189 | $185 | $189 | $191 | $205 | $259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Agricultural | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 60% |
| Interest-Bearing (core) | 35% |
| Brokered / Other | 6% |