Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.88% | +0.07 | 1.81% |
| Return on Equity (%) | ▼ | 19.36% | -1.63 | 20.99% |
| Net Interest Margin (%) | ▼ | 3.54% | -0.27 | 3.82% |
| Efficiency Ratio (%) | ▼ | 57.23% | +4.06 | 53.17% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.19 | $2 |
| Cost of Funds (%) | ▲ | 2.01% | -0.17 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $389 | +4.12 | $385 |
| Gross Loans ($M) | ▼ | $223 | -8.49 | $231 |
| Loan Growth YoY (%) | ▼ | 64.81% | -2.37 | 67.17% |
| Total Deposits ($M) | ▼ | $339 | -0.79 | $340 |
| Shareholders Equity ($M) | ▲ | $38 | +4.68 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +4.68 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +5.49 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 64.81% | -2.37 | 67.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.06 | 0.01% |
| Allowance / Loans (%) | — | 1.45% | 0.08% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.97% | +0.70 | 12.27% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▅▅▅▁ | Net Interest Margin (%) | 3.95% | 3.90% | 3.91% | 3.82% | 3.79% | 3.78% | 3.75% | 3.54% |
| ██▄▆▅▃▁█ | Return on Assets (%) | 1.91% | 1.92% | 1.71% | 1.81% | 1.75% | 1.67% | 1.57% | 1.88% |
| ▁▁▅▅▆▁▅█ | Efficiency Ratio (%) | 49.1% | 49.1% | 53.7% | 53.2% | 54.2% | 49.0% | 53.4% | 57.2% |
| ██▆▃▄▃▂▁ | Cost of Funds (%) | 2.61% | 2.60% | 2.40% | 2.18% | 2.26% | 2.20% | 2.10% | 2.01% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.07% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% |
| ▁▂▁▃▄▆██ | Tang. Book Value ($M) | $31 | $32 | $31 | $33 | $34 | $36 | $38 | $38 |
| ▃▁██▂▁█▄ | Gross Loans ($M) | $220 | $217 | $232 | $231 | $218 | $215 | $233 | $223 |
| ▁▁▄█▅▇██ | Total Deposits ($M) | $283 | $288 | $307 | $340 | $320 | $330 | $345 | $339 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 15% |
| Agricultural | 22% |
| Consumer | 3% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 27% |