Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.32% | -0.11 | 0.44% |
| Return on Equity (%) | ▼ | 2.80% | -1.38 | 4.18% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.36 | 3.58% |
| Efficiency Ratio (%) | ▼ | 91.30% | +4.78 | 86.51% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.14 | $0 |
| Cost of Funds (%) | ▲ | 0.74% | -0.09 | 0.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $380 | -0.90 | $381 |
| Gross Loans ($M) | ▲ | $231 | +8.41 | $223 |
| Loan Growth YoY (%) | ▲ | 70.00% | +2.07 | 67.93% |
| Total Deposits ($M) | ▲ | $326 | +2.65 | $324 |
| Shareholders Equity ($M) | ▲ | $43 | +2.95 | $40 |
| Tang. Book Value ($M) | ▲ | $43 | +2.97 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +2.76 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 70.00% | +2.07 | 67.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.07% | -0.11% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃▅█ | Net Interest Margin (%) | 3.51% | 3.51% | 3.55% | 3.58% | 3.64% | 3.67% | 3.74% | 3.94% |
| ▄▆▅▄▆█▆▁ | Return on Assets (%) | 0.44% | 0.53% | 0.50% | 0.44% | 0.53% | 0.62% | 0.52% | 0.32% |
| ▄▂▂▄▂▁▃█ | Efficiency Ratio (%) | 86.0% | 83.3% | 84.2% | 86.5% | 83.9% | 82.1% | 85.3% | 91.3% |
| ▅██▃▆▄▁▁ | Cost of Funds (%) | 0.89% | 0.99% | 0.97% | 0.82% | 0.92% | 0.84% | 0.75% | 0.74% |
| █▇▃▃▃▄▁▁ | NPA / Assets (%) | 0.07% | 0.06% | 0.02% | 0.02% | 0.02% | 0.03% | 0.01% | 0.00% |
| █▇▃▃▃▄▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.03% | 0.04% | 0.04% | 0.06% | 0.01% | 0.01% |
| ▁▅▃▄▆███ | Tang. Book Value ($M) | $37 | $40 | $38 | $40 | $41 | $42 | $43 | $43 |
| ▅▆▆▅▁▁▆█ | Gross Loans ($M) | $223 | $224 | $225 | $223 | $215 | $213 | $225 | $231 |
| ▁▅▂▇▃▃▁█ | Total Deposits ($M) | $307 | $319 | $310 | $324 | $312 | $312 | $307 | $326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 4% |