Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.44 | 0.52% |
| Return on Equity (%) | ▲ | 11.01% | +3.90 | 7.11% |
| Net Interest Margin (%) | ▲ | 2.35% | +0.45 | 1.89% |
| Efficiency Ratio (%) | ▲ | 58.00% | -15.86 | 73.85% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $0 |
| Cost of Funds (%) | ▲ | 1.67% | -0.11 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $343 | +20.30 | $322 |
| Gross Loans ($M) | ▲ | $173 | +15.35 | $158 |
| Loan Growth YoY (%) | ▲ | 60.04% | +2.78 | 57.25% |
| Total Deposits ($M) | ▲ | $287 | +12.75 | $274 |
| Shareholders Equity ($M) | ▲ | $30 | +5.52 | $25 |
| Tang. Book Value ($M) | ▲ | $30 | +5.52 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +5.48 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 60.04% | +2.78 | 57.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.07 | 0.28% |
| Allowance / Loans (%) | — | 0.47% | 0.00% | 0.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.11 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 1.36% | 1.41% | 1.48% | 1.89% | 1.98% | 2.06% | 2.12% | 2.35% |
| ▁▁▁▅▆▆▇█ | Return on Assets (%) | 0.02% | 0.07% | 0.13% | 0.52% | 0.63% | 0.70% | 0.74% | 0.96% |
| ██▇▃▃▂▂▁ | Efficiency Ratio (%) | 101.0% | 97.1% | 91.7% | 73.9% | 68.8% | 66.1% | 63.7% | 58.0% |
| ▆█▄▄▂▃▁▂ | Cost of Funds (%) | 1.97% | 2.11% | 1.82% | 1.78% | 1.69% | 1.71% | 1.57% | 1.67% |
| █▆▃▂▁▄▆▆ | NPA / Assets (%) | 0.39% | 0.34% | 0.30% | 0.28% | 0.26% | 0.31% | 0.34% | 0.34% |
| █▆▃▂▁▃▅▄ | Net Charge-Off Ratio (%) | 0.84% | 0.74% | 0.62% | 0.56% | 0.52% | 0.61% | 0.69% | 0.68% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $20 | $24 | $23 | $25 | $27 | $29 | $30 | $30 |
| ▁▁▄▄▅▆██ | Gross Loans ($M) | $144 | $145 | $157 | $158 | $160 | $162 | $172 | $173 |
| ▃▁▆▄▃▁██ | Total Deposits ($M) | $270 | $259 | $278 | $274 | $269 | $263 | $290 | $287 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 3% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 2% |