Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.26 | 1.39% |
| Return on Equity (%) | ▲ | 10.23% | +1.22 | 9.01% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.44 | 3.37% |
| Efficiency Ratio (%) | ▲ | 46.92% | -4.20 | 51.13% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $2 |
| Cost of Funds (%) | ▲ | 1.43% | -0.10 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $419 | +18.42 | $400 |
| Gross Loans ($M) | ▲ | $273 | +8.01 | $265 |
| Loan Growth YoY (%) | ▼ | 77.37% | -0.71 | 78.08% |
| Total Deposits ($M) | ▲ | $349 | +13.11 | $336 |
| Shareholders Equity ($M) | ▲ | $68 | +5.03 | $63 |
| Tang. Book Value ($M) | ▲ | $68 | +5.03 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +5.80 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 77.37% | -0.71 | 78.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +0.56 | 0.60% |
| Allowance / Loans (%) | — | 1.15% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.77% | +0.87 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.06% | 3.09% | 3.16% | 3.37% | 3.51% | 3.60% | 3.66% | 3.81% |
| ▁▁▁▅▅▅▄█ | Return on Assets (%) | 1.07% | 1.09% | 1.12% | 1.39% | 1.37% | 1.42% | 1.35% | 1.64% |
| ███▃▃▃▄▁ | Efficiency Ratio (%) | 58.6% | 58.3% | 58.0% | 51.1% | 50.4% | 50.6% | 52.0% | 46.9% |
| █▆█▆▇▇▇▁ | Cost of Funds (%) | 1.57% | 1.53% | 1.57% | 1.53% | 1.54% | 1.55% | 1.55% | 1.43% |
| ▂▁▁▂▁▂▅█ | NPA / Assets (%) | 0.65% | 0.51% | 0.48% | 0.60% | 0.53% | 0.57% | 0.86% | 1.16% |
| ▂▁▁▂▁▂▅█ | Net Charge-Off Ratio (%) | 0.95% | 0.78% | 0.73% | 0.91% | 0.79% | 0.87% | 1.31% | 1.77% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $59 | $62 | $60 | $63 | $63 | $67 | $66 | $68 |
| ▁▁▂▂▅█▇▇ | Gross Loans ($M) | $263 | $263 | $266 | $265 | $270 | $275 | $273 | $273 |
| ▁▅▅▄▅███ | Total Deposits ($M) | $324 | $339 | $338 | $336 | $339 | $348 | $349 | $349 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 3% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |