Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.02 | 0.92% |
| Return on Equity (%) | ▼ | 9.91% | -0.73 | 10.64% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.07 | 4.45% |
| Efficiency Ratio (%) | ▼ | 73.10% | +0.83 | 72.27% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▼ | 1.07% | +0.01 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $335 | +5.50 | $329 |
| Gross Loans ($M) | ▲ | $222 | +11.67 | $210 |
| Loan Growth YoY (%) | ▲ | 72.81% | +3.34 | 69.47% |
| Total Deposits ($M) | ▲ | $302 | +2.12 | $299 |
| Shareholders Equity ($M) | ▲ | $32 | +3.49 | $28 |
| Tang. Book Value ($M) | ▲ | $32 | +3.49 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.25 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 72.81% | +3.34 | 69.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 0.93% | 0.01% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.79% | +0.50 | 14.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇██▇ | Net Interest Margin (%) | 3.99% | 4.05% | 4.15% | 4.45% | 4.47% | 4.56% | 4.62% | 4.52% |
| ▁▁▂▇▇█▆▇ | Return on Assets (%) | 0.67% | 0.68% | 0.75% | 0.92% | 0.92% | 1.00% | 0.90% | 0.94% |
| ██▇▂▂▁▄▃ | Efficiency Ratio (%) | 77.9% | 77.7% | 76.3% | 72.3% | 72.2% | 70.8% | 73.8% | 73.1% |
| ██▄▁▂▄▃▁ | Cost of Funds (%) | 1.42% | 1.40% | 1.22% | 1.06% | 1.13% | 1.23% | 1.17% | 1.07% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 1.62% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.03% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.62% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.04% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $26 | $27 | $27 | $28 | $29 | $30 | $31 | $32 |
| ▁▂▃▄▅▇█▆ | Gross Loans ($M) | $193 | $202 | $204 | $210 | $217 | $224 | $231 | $222 |
| ▃▁▃██▅▄█ | Total Deposits ($M) | $286 | $280 | $286 | $299 | $300 | $292 | $288 | $302 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 8% |