Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.24% | -0.10 | 1.34% |
| Return on Equity (%) | ▼ | 11.45% | -3.91 | 15.36% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.01 | 3.41% |
| Efficiency Ratio (%) | ▼ | 64.48% | +3.65 | 60.83% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.58% | -0.09 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $240 | -13.39 | $253 |
| Gross Loans ($M) | ▲ | $152 | +4.80 | $147 |
| Loan Growth YoY (%) | ▲ | 70.89% | +7.50 | 63.39% |
| Total Deposits ($M) | ▼ | $213 | -17.62 | $231 |
| Shareholders Equity ($M) | ▲ | $26 | +4.12 | $22 |
| Tang. Book Value ($M) | ▲ | $26 | +4.12 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +3.96 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 70.89% | +7.50 | 63.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Allowance / Loans (%) | — | 0.62% | -0.03% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.19 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.88% | +2.91 | 16.97% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇█▇ | Net Interest Margin (%) | 3.26% | 3.30% | 3.33% | 3.41% | 3.41% | 3.43% | 3.47% | 3.42% |
| ▁▁▁▁█▆▅▁ | Return on Assets (%) | 1.24% | 1.26% | 1.27% | 1.34% | 3.33% | 2.79% | 2.45% | 1.24% |
| █▇▇▇▁▂▃█ | Efficiency Ratio (%) | 61.5% | 61.1% | 61.1% | 60.8% | 38.1% | 42.0% | 45.9% | 64.5% |
| ▅██▃▃▃▁▁ | Cost of Funds (%) | 1.76% | 1.85% | 1.87% | 1.67% | 1.66% | 1.67% | 1.60% | 1.58% |
| █▁▁▁▃▆▇▇ | NPA / Assets (%) | 0.14% | 0.00% | 0.00% | 0.00% | 0.04% | 0.10% | 0.12% | 0.12% |
| ▁▁▁▁▃▇██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.16% | 0.19% | 0.19% |
| ▁▁▂▂▇███ | Tang. Book Value ($M) | $20 | $21 | $21 | $22 | $25 | $26 | $25 | $26 |
| ▄▅▆▄▁▃▅█ | Gross Loans ($M) | $147 | $148 | $149 | $147 | $144 | $146 | $149 | $152 |
| █▇▅█▆▃▁▃ | Total Deposits ($M) | $228 | $225 | $218 | $231 | $221 | $214 | $205 | $213 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 3% |
| Agricultural | 3% |
| Consumer | 3% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 16% |