Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.07 | 0.69% |
| Return on Equity (%) | ▼ | 6.23% | -0.64 | 6.87% |
| Net Interest Margin (%) | ▼ | 2.60% | -0.03 | 2.64% |
| Efficiency Ratio (%) | ▼ | 64.03% | +6.75 | 57.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.67% | -0.02 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $237 | -14.61 | $252 |
| Gross Loans ($M) | ▲ | $69 | +4.82 | $64 |
| Loan Growth YoY (%) | ▲ | 33.29% | +2.51 | 30.78% |
| Total Deposits ($M) | ▼ | $204 | -1.00 | $205 |
| Shareholders Equity ($M) | ▲ | $28 | +2.49 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +2.49 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.55 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 33.29% | +2.51 | 30.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.49% | -0.11% | 1.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▅ | Net Interest Margin (%) | 2.44% | 2.46% | 2.50% | 2.64% | 2.71% | 2.71% | 2.71% | 2.60% |
| ▆▇█▁▅██▃ | Return on Assets (%) | 0.87% | 0.90% | 0.93% | 0.69% | 0.84% | 0.94% | 0.94% | 0.76% |
| ▃▃▁▂▂▁▁█ | Efficiency Ratio (%) | 58.4% | 58.0% | 56.7% | 57.3% | 57.2% | 55.9% | 55.9% | 64.0% |
| ▆█▅▂▂▁▁▁ | Cost of Funds (%) | 1.86% | 1.94% | 1.81% | 1.69% | 1.69% | 1.64% | 1.68% | 1.67% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 0.15% | 0.15% | 0.14% | 0.02% | 0.02% | 0.00% | 0.00% | 0.01% |
| ███▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.58% | 0.57% | 0.53% | 0.07% | 0.07% | 0.01% | 0.00% | 0.04% |
| ▂█▁▃▂▆█▆ | Tang. Book Value ($M) | $25 | $30 | $24 | $26 | $25 | $28 | $30 | $28 |
| ▁▃▁▁▂▃██ | Gross Loans ($M) | $64 | $66 | $65 | $64 | $65 | $66 | $69 | $69 |
| ▃▁▁▅▅█▄▅ | Total Deposits ($M) | $201 | $197 | $196 | $205 | $206 | $213 | $204 | $204 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 7% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 17% |