Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.21% | -0.30 | 1.51% |
| Return on Equity (%) | ▼ | 7.58% | -1.87 | 9.45% |
| Net Interest Margin (%) | ▼ | 3.91% | -0.25 | 4.16% |
| Efficiency Ratio (%) | ▲ | 60.78% | -2.53 | 63.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.05 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $220 | +10.70 | $209 |
| Gross Loans ($M) | ▼ | $125 | -9.79 | $135 |
| Loan Growth YoY (%) | ▼ | 67.57% | -8.81 | 76.38% |
| Total Deposits ($M) | ▲ | $182 | +8.28 | $174 |
| Shareholders Equity ($M) | ▲ | $36 | +2.16 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +2.16 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +2.06 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 67.57% | -8.81 | 76.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.20 | 0.00% |
| Allowance / Loans (%) | — | 1.31% | 0.05% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.36 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.08% | +2.37 | 24.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▅████▁ | Net Interest Margin (%) | 4.07% | 4.01% | 4.05% | 4.16% | 4.16% | 4.17% | 4.17% | 3.91% |
| ▂▁▃▇█▇▃▂ | Return on Assets (%) | 1.22% | 1.14% | 1.29% | 1.51% | 1.60% | 1.52% | 1.27% | 1.21% |
| ▅██▅▃▆█▁ | Efficiency Ratio (%) | 63.4% | 65.1% | 64.9% | 63.3% | 62.1% | 63.6% | 64.9% | 60.8% |
| █▆█▃▃▁▁▁ | Cost of Funds (%) | 1.92% | 1.87% | 1.89% | 1.79% | 1.79% | 1.72% | 1.73% | 1.74% |
| ▁▁▁▁▁▄██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.20% | 0.21% |
| ▁▁▁▁▁▄██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.16% | 0.37% | 0.37% |
| ▁▂▂▄▆▇▇█ | Tang. Book Value ($M) | $32 | $33 | $33 | $34 | $35 | $35 | $35 | $36 |
| ▂▂▄█▅▁▁▂ | Gross Loans ($M) | $125 | $126 | $128 | $135 | $130 | $124 | $123 | $125 |
| ▁▄▃▃▄▆█▆ | Total Deposits ($M) | $166 | $175 | $175 | $174 | $176 | $182 | $190 | $182 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 22% |