Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.78% | -0.11 | 1.89% |
| Return on Equity (%) | ▼ | 17.36% | -1.26 | 18.62% |
| Net Interest Margin (%) | ▼ | 3.48% | -0.18 | 3.67% |
| Efficiency Ratio (%) | ▲ | 47.43% | -0.06 | 47.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $2 |
| Cost of Funds (%) | ▼ | 1.73% | +0.12 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $405 | +45.68 | $359 |
| Gross Loans ($M) | ▲ | $277 | +12.97 | $264 |
| Loan Growth YoY (%) | ▼ | 75.92% | -5.67 | 81.59% |
| Total Deposits ($M) | ▲ | $361 | +40.74 | $321 |
| Shareholders Equity ($M) | ▲ | $41 | +5.14 | $36 |
| Tang. Book Value ($M) | ▲ | $41 | +5.23 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +5.66 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 75.92% | -5.67 | 81.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.11 | 0.04% |
| Allowance / Loans (%) | — | 0.99% | 0.04% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.18 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▄▆█▇▇▁ | Net Interest Margin (%) | 3.61% | 3.58% | 3.60% | 3.67% | 3.76% | 3.72% | 3.71% | 3.48% |
| ▁▁▂▇▇██▄ | Return on Assets (%) | 1.61% | 1.61% | 1.66% | 1.89% | 1.89% | 1.94% | 1.97% | 1.78% |
| ██▇▂▂▁▁▂ | Efficiency Ratio (%) | 52.9% | 52.2% | 51.8% | 47.5% | 47.2% | 46.6% | 46.0% | 47.4% |
| ▁▄▄▃▅▄█▆ | Cost of Funds (%) | 1.51% | 1.64% | 1.63% | 1.61% | 1.68% | 1.63% | 1.80% | 1.73% |
| ▅▄▁▁█▇▆▇ | NPA / Assets (%) | 0.11% | 0.10% | 0.03% | 0.04% | 0.17% | 0.14% | 0.13% | 0.15% |
| ▃▂▁▁█▇▇█ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.03% | 0.04% | 0.22% | 0.19% | 0.17% | 0.22% |
| ▁▂▃▄▄▆██ | Tang. Book Value ($M) | $32 | $33 | $34 | $36 | $36 | $38 | $40 | $41 |
| ▁▂▄▅▆▇█▇ | Gross Loans ($M) | $242 | $251 | $260 | $264 | $271 | $276 | $282 | $277 |
| ▁▁▂▄▄▆▇█ | Total Deposits ($M) | $283 | $287 | $301 | $321 | $317 | $341 | $349 | $361 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 13% |
| Agricultural | 8% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |