Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.17 | 0.77% |
| Return on Equity (%) | ▲ | 11.62% | +1.29 | 10.33% |
| Net Interest Margin (%) | ▲ | 2.27% | +0.23 | 2.04% |
| Efficiency Ratio (%) | ▲ | 52.32% | -4.82 | 57.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 2.02% | -0.28 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $408 | +36.04 | $371 |
| Gross Loans ($M) | ▲ | $161 | +14.41 | $146 |
| Loan Growth YoY (%) | ▲ | 42.83% | +0.21 | 42.62% |
| Total Deposits ($M) | ▲ | $373 | +31.98 | $341 |
| Shareholders Equity ($M) | ▲ | $33 | +3.71 | $29 |
| Tang. Book Value ($M) | ▲ | $33 | +3.71 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.30 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 42.83% | +0.21 | 42.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.05 | 0.02% |
| Allowance / Loans (%) | — | 0.76% | -0.08% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.12 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 1.81% | 1.81% | 1.84% | 2.04% | 2.02% | 2.05% | 2.06% | 2.27% |
| ▁▁▁▄▄▃▂█ | Return on Assets (%) | 0.62% | 0.62% | 0.64% | 0.77% | 0.74% | 0.74% | 0.70% | 0.95% |
| ███▄▅▅▅▁ | Efficiency Ratio (%) | 62.5% | 62.8% | 61.9% | 57.1% | 58.7% | 58.2% | 58.6% | 52.3% |
| █▆▅▅▄▃▁▁ | Cost of Funds (%) | 2.48% | 2.32% | 2.28% | 2.29% | 2.21% | 2.14% | 2.07% | 2.02% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.02% | 0.01% | 0.06% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.16% |
| ▁▆▁▃▄███ | Tang. Book Value ($M) | $28 | $31 | $27 | $29 | $30 | $32 | $33 | $33 |
| ▁▂▃▄▄▅▅█ | Gross Loans ($M) | $138 | $141 | $145 | $146 | $147 | $150 | $151 | $161 |
| ▁▄▅▂▂▄▆█ | Total Deposits ($M) | $330 | $348 | $354 | $341 | $339 | $351 | $362 | $373 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 2% |
| Agricultural | 18% |
| Consumer | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |