Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.02 | 1.53% |
| Return on Equity (%) | ▼ | 16.00% | -1.85 | 17.85% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.09 | 3.98% |
| Efficiency Ratio (%) | ▲ | 62.89% | -0.12 | 63.01% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▼ | 0.82% | +0.01 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $280 | +11.07 | $269 |
| Gross Loans ($M) | ▲ | $179 | +4.62 | $175 |
| Loan Growth YoY (%) | ▼ | 70.46% | -0.30 | 70.76% |
| Total Deposits ($M) | ▲ | $252 | +7.43 | $245 |
| Shareholders Equity ($M) | ▲ | $27 | +3.70 | $24 |
| Tang. Book Value ($M) | ▲ | $27 | +3.70 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +3.50 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 70.46% | -0.30 | 70.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.56 | 0.05% |
| Allowance / Loans (%) | — | 1.03% | 0.04% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.25 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.74% | +0.03 | 15.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇████ | Net Interest Margin (%) | 3.39% | 3.44% | 3.56% | 3.98% | 4.02% | 4.00% | 4.01% | 4.07% |
| ▁▂▄█████ | Return on Assets (%) | 1.09% | 1.18% | 1.29% | 1.53% | 1.56% | 1.55% | 1.54% | 1.55% |
| ██▅▄▂▂▁▃ | Efficiency Ratio (%) | 65.6% | 65.2% | 63.9% | 63.0% | 62.4% | 62.1% | 61.5% | 62.9% |
| █▆▃▁▁▁▂▁ | Cost of Funds (%) | 1.09% | 1.01% | 0.89% | 0.81% | 0.84% | 0.82% | 0.87% | 0.82% |
| ▁▁▁▁▂▁██ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.05% | 0.08% | 0.00% | 0.56% | 0.61% |
| ▁▁▁▁▂▁█▄ | Net Charge-Off Ratio (%) | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% | 0.00% | 0.81% | 0.33% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $20 | $24 | $22 | $24 | $23 | $26 | $27 | $27 |
| ▁▁▄▃▃▄█▅ | Gross Loans ($M) | $167 | $167 | $176 | $175 | $174 | $178 | $190 | $179 |
| ▁▅▃▅▄█▆▆ | Total Deposits ($M) | $227 | $248 | $238 | $245 | $243 | $261 | $250 | $252 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |