Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.81% | +0.29 | 2.53% |
| Return on Equity (%) | ▼ | 27.28% | -0.15 | 27.43% |
| Net Interest Margin (%) | ▲ | 5.04% | +0.22 | 4.81% |
| Efficiency Ratio (%) | ▲ | 45.62% | -3.15 | 48.78% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.26 | $2 |
| Cost of Funds (%) | ▲ | 1.55% | -0.03 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $377 | -11.21 | $388 |
| Gross Loans ($M) | ▲ | $316 | +5.59 | $310 |
| Loan Growth YoY (%) | ▲ | 99.46% | +1.03 | 98.42% |
| Total Deposits ($M) | ▲ | $313 | +2.39 | $311 |
| Shareholders Equity ($M) | ▲ | $39 | +3.94 | $35 |
| Tang. Book Value ($M) | ▲ | $36 | +3.94 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +3.69 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 99.46% | +1.03 | 98.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.01 | 0.09% |
| Allowance / Loans (%) | — | 1.20% | -0.02% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.01 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.72% | +0.67 | 11.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 4.34% | 4.41% | 4.50% | 4.81% | 4.87% | 4.94% | 4.99% | 5.04% |
| ▁▂▁▄▆▇▅█ | Return on Assets (%) | 2.33% | 2.39% | 2.27% | 2.53% | 2.63% | 2.74% | 2.59% | 2.81% |
| ▂▂▃█▂▁▂▃ | Efficiency Ratio (%) | 45.1% | 45.5% | 45.9% | 48.8% | 45.1% | 44.5% | 45.2% | 45.6% |
| ██▃▁▃▃▂▁ | Cost of Funds (%) | 2.20% | 2.23% | 1.80% | 1.59% | 1.81% | 1.79% | 1.67% | 1.55% |
| ▁▁▁█████ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.09% | 0.09% | 0.09% | 0.09% | 0.10% |
| ▁▁▁█████ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $29 | $32 | $31 | $32 | $33 | $34 | $35 | $36 |
| ▃▁▄▇▇▄██ | Gross Loans ($M) | $299 | $291 | $300 | $310 | $312 | $303 | $313 | $316 |
| ▂▄█▅▄▁▆▆ | Total Deposits ($M) | $304 | $308 | $322 | $311 | $308 | $298 | $316 | $313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 19% |