Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.19 | 1.81% |
| Return on Equity (%) | ▼ | 10.59% | -4.12 | 14.71% |
| Net Interest Margin (%) | ▼ | 3.05% | -0.06 | 3.11% |
| Efficiency Ratio (%) | ▼ | 33.55% | +6.23 | 27.32% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.57 | $3 |
| Cost of Funds (%) | ▼ | 0.50% | +0.06 | 0.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $505 | -49.37 | $554 |
| Gross Loans ($M) | ▲ | $81 | +11.12 | $70 |
| Loan Growth YoY (%) | ▲ | 18.52% | +4.51 | 14.01% |
| Total Deposits ($M) | ▼ | $427 | -57.90 | $485 |
| Shareholders Equity ($M) | ▲ | $77 | +8.59 | $68 |
| Tang. Book Value ($M) | ▲ | $77 | +8.59 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +8.72 | $81 |
| Loan / Deposit Ratio (%) | ▲ | 18.52% | +4.51 | 14.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.01% | -0.34% | 2.35% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 84.55% | -4.09 | 88.64% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▅▅▆▁ | Net Interest Margin (%) | 3.49% | 3.51% | 3.55% | 3.11% | 3.35% | 3.33% | 3.38% | 3.05% |
| ██▇▄▆▆▅▁ | Return on Assets (%) | 2.05% | 2.08% | 2.02% | 1.81% | 1.95% | 1.94% | 1.87% | 1.62% |
| ▁▁▃▃▁▂▅█ | Efficiency Ratio (%) | 25.1% | 24.7% | 27.4% | 27.3% | 25.6% | 26.3% | 30.2% | 33.6% |
| ▂▂▂▁▄▃█▇ | Cost of Funds (%) | 0.45% | 0.45% | 0.45% | 0.43% | 0.46% | 0.46% | 0.51% | 0.50% |
| ▆▅▁▁▁█▁▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% |
| ▅▅▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% | 0.00% |
| ▁▂▃▄▆▇▇█ | Tang. Book Value ($M) | $61 | $64 | $66 | $68 | $71 | $73 | $75 | $77 |
| ▇▃▂▁▄▅▄█ | Gross Loans ($M) | $78 | $73 | $71 | $70 | $74 | $75 | $75 | $81 |
| ▄▅▇█▇▇▁▂ | Total Deposits ($M) | $444 | $457 | $467 | $485 | $468 | $474 | $411 | $427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 20% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |