Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.84% | -0.42 | 2.26% |
| Return on Equity (%) | ▼ | 15.48% | -9.09 | 24.57% |
| Net Interest Margin (%) | ▼ | 4.16% | -0.45 | 4.61% |
| Efficiency Ratio (%) | ▼ | 56.90% | +7.00 | 49.90% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.23 | $1 |
| Cost of Funds (%) | ▼ | 0.70% | +0.15 | 0.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $111 | -23.54 | $135 |
| Gross Loans ($M) | ▼ | $36 | -1.59 | $37 |
| Loan Growth YoY (%) | ▲ | 36.02% | +6.01 | 30.02% |
| Total Deposits ($M) | ▼ | $98 | -25.03 | $123 |
| Shareholders Equity ($M) | ▲ | $14 | +1.45 | $12 |
| Tang. Book Value ($M) | ▲ | $14 | +1.45 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 36.02% | +6.01 | 30.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Allowance / Loans (%) | — | 1.42% | 0.21% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.40 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▆▆▆▁ | Net Interest Margin (%) | 5.22% | 5.13% | 5.20% | 4.61% | 4.89% | 4.88% | 4.84% | 4.16% |
| ███▂▅▅▅▁ | Return on Assets (%) | 3.61% | 3.56% | 3.56% | 2.26% | 2.90% | 2.85% | 2.79% | 1.84% |
| ▁▁▁▆▃▃▄█ | Efficiency Ratio (%) | 32.0% | 31.5% | 32.0% | 49.9% | 39.8% | 40.9% | 41.6% | 56.9% |
| ▄▂▁▁▂▆█▇ | Cost of Funds (%) | 0.63% | 0.59% | 0.57% | 0.55% | 0.59% | 0.68% | 0.72% | 0.70% |
| █▆▁▁▁▁▁▃ | NPA / Assets (%) | 0.50% | 0.34% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.13% |
| █▆▁▁▁▁▁▂ | Net Charge-Off Ratio (%) | 1.98% | 1.35% | 0.00% | 0.00% | 0.08% | 0.00% | 0.00% | 0.40% |
| ▁▄▄▅▇███ | Tang. Book Value ($M) | $10 | $12 | $12 | $12 | $13 | $13 | $14 | $14 |
| ▃▄▃▄█▃▃▁ | Gross Loans ($M) | $37 | $37 | $37 | $37 | $40 | $37 | $37 | $36 |
| ██▄▅▅▂▂▁ | Total Deposits ($M) | $136 | $139 | $113 | $123 | $119 | $106 | $104 | $98 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 27% |
| C&I / Commercial | 45% |
| Agricultural | 18% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 56% |
| Interest-Bearing (core) | 28% |
| Brokered / Other | 16% |