Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -0.35 | 2.42% |
| Return on Equity (%) | ▼ | 16.12% | -3.90 | 20.02% |
| Net Interest Margin (%) | ▼ | 5.46% | -0.72 | 6.18% |
| Efficiency Ratio (%) | ▼ | 49.07% | +3.31 | 45.75% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.24 | $2 |
| Cost of Funds (%) | ▼ | 0.60% | +0.49 | 0.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $206 | -0.98 | $207 |
| Gross Loans ($M) | ▲ | $139 | +21.68 | $117 |
| Loan Growth YoY (%) | ▲ | 76.95% | +12.73 | 64.22% |
| Total Deposits ($M) | ▼ | $178 | -1.82 | $180 |
| Shareholders Equity ($M) | ▲ | $27 | +1.69 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +1.69 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +0.71 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 76.95% | +12.73 | 64.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.55 | 0.01% |
| Allowance / Loans (%) | — | 1.18% | -0.06% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.83% | +0.81 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇███▇▆▆▁ | Net Interest Margin (%) | 6.06% | 6.12% | 6.19% | 6.18% | 6.01% | 5.93% | 5.92% | 5.46% |
| ███▇▇▆▁▅ | Return on Assets (%) | 2.66% | 2.70% | 2.63% | 2.42% | 2.31% | 2.19% | 1.03% | 2.07% |
| ▁▁▁▁▂▂█▂ | Efficiency Ratio (%) | 42.6% | 41.9% | 42.7% | 45.8% | 47.1% | 49.3% | 78.3% | 49.1% |
| ▁▁▁▁▆▇▇█ | Cost of Funds (%) | 0.12% | 0.11% | 0.13% | 0.10% | 0.45% | 0.50% | 0.50% | 0.60% |
| ▁▇▂▁▁▂██ | NPA / Assets (%) | 0.01% | 0.46% | 0.14% | 0.01% | 0.02% | 0.14% | 0.50% | 0.56% |
| ▁█▃▁▁▃██ | Net Charge-Off Ratio (%) | 0.00% | 0.90% | 0.25% | 0.02% | 0.04% | 0.24% | 0.79% | 0.83% |
| ▁▃▄▅▇█▇█ | Tang. Book Value ($M) | $21 | $23 | $23 | $24 | $25 | $26 | $25 | $26 |
| ▂▁▃▄▅▅▇█ | Gross Loans ($M) | $109 | $103 | $113 | $117 | $125 | $122 | $131 | $139 |
| █▁▁▄▃▆▄▂ | Total Deposits ($M) | $186 | $176 | $176 | $180 | $179 | $183 | $180 | $178 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 4% |
| Agricultural | 16% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 6% |