Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -0.18 | 1.45% |
| Return on Equity (%) | ▼ | 18.95% | -11.02 | 29.97% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.33 | 2.99% |
| Efficiency Ratio (%) | ▼ | 59.61% | +3.24 | 56.37% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.18% | -0.14 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $233 | +4.14 | $228 |
| Gross Loans ($M) | ▲ | $116 | +5.96 | $110 |
| Loan Growth YoY (%) | ▲ | 54.07% | +2.73 | 51.33% |
| Total Deposits ($M) | ▲ | $212 | +0.18 | $212 |
| Shareholders Equity ($M) | ▲ | $15 | +3.55 | $12 |
| Tang. Book Value ($M) | ▲ | $15 | +3.55 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +3.48 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 54.07% | +2.73 | 51.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.64% | 0.02% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.50% | +0.67 | 16.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.82% | 2.78% | 2.84% | 2.99% | 3.08% | 3.08% | 3.17% | 3.32% |
| ▃▁▁█▇▅▆▆ | Return on Assets (%) | 1.09% | 0.96% | 0.95% | 1.45% | 1.34% | 1.26% | 1.29% | 1.28% |
| ▅▇█▁▂▃▃▃ | Efficiency Ratio (%) | 61.7% | 64.2% | 65.5% | 56.4% | 58.3% | 59.0% | 59.2% | 59.6% |
| ▆█▇▄▇▅▆▁ | Cost of Funds (%) | 1.37% | 1.48% | 1.44% | 1.32% | 1.42% | 1.34% | 1.38% | 1.18% |
| ▁▁▁▁▁▁█▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| ▁▁▁▁▁▁█▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.01% |
| ▁▅▁▄▄▇██ | Tang. Book Value ($M) | $9 | $13 | $9 | $12 | $12 | $14 | $15 | $15 |
| ▁▂▆▅▄▆██ | Gross Loans ($M) | $102 | $105 | $111 | $110 | $108 | $112 | $115 | $116 |
| ▁▅▂█▅█▄█ | Total Deposits ($M) | $180 | $197 | $187 | $212 | $199 | $209 | $193 | $212 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 7% |
| Agricultural | 27% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |