Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +1.11 | 0.34% |
| Return on Equity (%) | ▲ | 13.51% | +10.05 | 3.46% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.67 | 3.04% |
| Efficiency Ratio (%) | ▲ | 62.11% | -7.48 | 69.59% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 2.10% | -0.35 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $328 | -5.23 | $333 |
| Gross Loans ($M) | ▲ | $300 | +6.51 | $293 |
| Loan Growth YoY (%) | ▲ | 101.83% | +4.91 | 96.92% |
| Total Deposits ($M) | ▼ | $291 | -8.53 | $300 |
| Shareholders Equity ($M) | ▲ | $36 | +3.51 | $32 |
| Tang. Book Value ($M) | ▲ | $36 | +3.51 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 101.83% | +4.91 | 96.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.74% | +0.62 | 0.12% |
| Allowance / Loans (%) | — | 1.11% | 0.14% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.81% | +0.67 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▆▆█ | Net Interest Margin (%) | 3.10% | 3.03% | 3.09% | 3.04% | 3.27% | 3.46% | 3.54% | 3.71% |
| ▅▅▅▁▄▅▆█ | Return on Assets (%) | 1.02% | 0.94% | 1.00% | 0.34% | 0.81% | 1.01% | 1.17% | 1.45% |
| ▄▆▅█▅▂▁▂ | Efficiency Ratio (%) | 63.9% | 66.9% | 65.0% | 69.6% | 65.5% | 61.9% | 60.1% | 62.1% |
| ███▇▆▁▁▁ | Cost of Funds (%) | 2.49% | 2.50% | 2.54% | 2.45% | 2.42% | 2.11% | 2.12% | 2.10% |
| ▃▃▄▁▂▃▆█ | NPA / Assets (%) | 0.33% | 0.32% | 0.36% | 0.12% | 0.26% | 0.29% | 0.54% | 0.74% |
| ▃▃▃▁▂▃▆█ | Net Charge-Off Ratio (%) | 0.37% | 0.37% | 0.34% | 0.14% | 0.29% | 0.32% | 0.60% | 0.81% |
| ▁▂▃▂▄▅▇█ | Tang. Book Value ($M) | $31 | $32 | $33 | $32 | $33 | $34 | $35 | $36 |
| ▁▁▆▆▆▆██ | Gross Loans ($M) | $276 | $273 | $293 | $293 | $295 | $292 | $303 | $300 |
| ▁▅▇█▄▂▅▆ | Total Deposits ($M) | $269 | $286 | $294 | $300 | $282 | $273 | $288 | $291 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |