Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.10 | 0.71% |
| Return on Equity (%) | ▲ | 12.23% | +0.54 | 11.69% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.07 | 3.06% |
| Efficiency Ratio (%) | ▲ | 73.04% | -3.82 | 76.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 2.05% | -0.15 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $349 | +35.22 | $314 |
| Gross Loans ($M) | ▲ | $220 | +13.66 | $207 |
| Loan Growth YoY (%) | ▼ | 76.93% | -6.08 | 83.01% |
| Total Deposits ($M) | ▲ | $282 | +36.86 | $245 |
| Shareholders Equity ($M) | ▲ | $24 | +4.46 | $19 |
| Tang. Book Value ($M) | ▲ | $24 | +4.48 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +4.53 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 76.93% | -6.08 | 83.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.56 | 0.56% |
| Allowance / Loans (%) | — | 1.42% | 0.01% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.85 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.05% | +0.69 | 12.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▇▆▇█ | Net Interest Margin (%) | 2.79% | 2.79% | 2.83% | 3.06% | 3.07% | 3.04% | 3.06% | 3.13% |
| ▁▁▂▆▅▅▆█ | Return on Assets (%) | 0.48% | 0.48% | 0.55% | 0.71% | 0.67% | 0.67% | 0.69% | 0.81% |
| ██▆▃▄▃▂▁ | Efficiency Ratio (%) | 82.6% | 83.5% | 80.3% | 76.9% | 77.1% | 76.2% | 74.5% | 73.0% |
| ███▄▄▄▃▁ | Cost of Funds (%) | 2.36% | 2.39% | 2.39% | 2.20% | 2.18% | 2.21% | 2.14% | 2.05% |
| ▁████▁▂▁ | NPA / Assets (%) | 0.00% | 0.55% | 0.58% | 0.56% | 0.54% | 0.00% | 0.11% | 0.00% |
| ▁████▁▂▁ | Net Charge-Off Ratio (%) | 0.00% | 0.86% | 0.86% | 0.85% | 0.82% | 0.00% | 0.17% | 0.00% |
| ▁▄▁▁▁▄▇█ | Tang. Book Value ($M) | $19 | $21 | $19 | $19 | $18 | $21 | $22 | $24 |
| ▁▃▄▃▅▆██ | Gross Loans ($M) | $200 | $207 | $209 | $207 | $212 | $214 | $221 | $220 |
| ▁▂▁▁▁▆██ | Total Deposits ($M) | $243 | $248 | $241 | $245 | $244 | $268 | $280 | $282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |