Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.38 | 1.37% |
| Return on Equity (%) | ▲ | 17.74% | +0.06 | 17.68% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.41 | 2.47% |
| Efficiency Ratio (%) | ▲ | 35.45% | -8.45 | 43.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.84 | $2 |
| Cost of Funds (%) | ▲ | 0.89% | -0.14 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $616 | +17.06 | $599 |
| Gross Loans ($M) | ▼ | $94 | -6.45 | $101 |
| Loan Growth YoY (%) | ▼ | 16.43% | -1.58 | 18.01% |
| Total Deposits ($M) | ▲ | $553 | +5.31 | $548 |
| Shareholders Equity ($M) | ▲ | $61 | +11.68 | $49 |
| Tang. Book Value ($M) | ▲ | $61 | +11.68 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +12.95 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 16.43% | -1.58 | 18.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.17 | 0.00% |
| Allowance / Loans (%) | — | 3.51% | 1.57% | 1.94% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +1.12 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▃▄█ | Net Interest Margin (%) | 2.46% | 2.43% | 2.43% | 2.47% | 2.55% | 2.56% | 2.64% | 2.88% |
| ▄▃▃▃▄▁▃█ | Return on Assets (%) | 1.43% | 1.40% | 1.41% | 1.37% | 1.44% | 1.23% | 1.41% | 1.75% |
| ▇█▇██▇▅▁ | Efficiency Ratio (%) | 42.3% | 43.1% | 42.7% | 43.9% | 43.0% | 42.7% | 39.9% | 35.5% |
| ▄█▇▄▅▄▁▁ | Cost of Funds (%) | 1.01% | 1.19% | 1.13% | 1.03% | 1.07% | 1.04% | 0.92% | 0.89% |
| ▁▁▁▁▁██▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.21% | 0.17% |
| ▁▁▁▁▁██▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.32% | 1.32% | 1.12% |
| ▂▇▁▃▅▇██ | Tang. Book Value ($M) | $46 | $58 | $42 | $49 | $54 | $59 | $62 | $61 |
| █▆▁▅▅▃▅▁ | Gross Loans ($M) | $105 | $102 | $94 | $101 | $100 | $97 | $100 | $94 |
| ▁▁▅▇▄▇██ | Total Deposits ($M) | $497 | $492 | $527 | $548 | $521 | $547 | $561 | $553 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 27% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 6% |