Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.25 | 1.43% |
| Return on Equity (%) | ▼ | 19.59% | -5.64 | 25.23% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.06 | 2.87% |
| Efficiency Ratio (%) | ▲ | 43.43% | -5.24 | 48.67% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 0.66% | -0.01 | 0.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $259 | +32.26 | $227 |
| Gross Loans ($M) | ▼ | $43 | -1.63 | $44 |
| Loan Growth YoY (%) | ▼ | 17.76% | -2.85 | 20.60% |
| Total Deposits ($M) | ▲ | $237 | +24.90 | $212 |
| Shareholders Equity ($M) | ▲ | $22 | +7.33 | $15 |
| Tang. Book Value ($M) | ▲ | $22 | +7.33 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +8.49 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 17.76% | -2.85 | 20.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.11% | 0.01% | 1.10% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 38.06% | +2.71 | 35.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▆▆▇█ | Net Interest Margin (%) | 2.52% | 2.51% | 2.58% | 2.87% | 2.82% | 2.82% | 2.84% | 2.93% |
| ▁▁▁▄▄▄▄█ | Return on Assets (%) | 1.31% | 1.28% | 1.28% | 1.43% | 1.43% | 1.46% | 1.47% | 1.68% |
| ▇██▆▇▆▆▁ | Efficiency Ratio (%) | 50.2% | 51.0% | 51.5% | 48.7% | 49.5% | 49.1% | 49.5% | 43.4% |
| █▅▁▃▄▂▂▃ | Cost of Funds (%) | 0.93% | 0.76% | 0.56% | 0.67% | 0.71% | 0.65% | 0.63% | 0.66% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $9 | $15 | $11 | $15 | $15 | $20 | $21 | $22 |
| ▁▃▄███▆▇ | Gross Loans ($M) | $35 | $38 | $39 | $44 | $44 | $44 | $41 | $43 |
| ▁▁▂▁▁▄▅█ | Total Deposits ($M) | $213 | $211 | $215 | $212 | $210 | $221 | $224 | $237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 16% |
| Agricultural | 17% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 3% |