Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.17 | 1.15% |
| Return on Equity (%) | ▼ | 12.99% | -0.31 | 13.30% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.35 | 3.66% |
| Efficiency Ratio (%) | ▲ | 67.56% | -1.08 | 68.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 1.01% | +0.01 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $233 | -13.38 | $246 |
| Gross Loans ($M) | ▲ | $155 | +21.34 | $134 |
| Loan Growth YoY (%) | ▲ | 74.59% | +14.65 | 59.94% |
| Total Deposits ($M) | ▼ | $206 | -15.16 | $221 |
| Shareholders Equity ($M) | ▲ | $24 | +2.03 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +2.03 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +1.61 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 74.59% | +14.65 | 59.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.05% | 0.95% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.57% | -1.17 | 17.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.36% | 3.39% | 3.48% | 3.66% | 3.83% | 3.93% | 4.03% | 4.00% |
| ▁▁▂▄▇██▇ | Return on Assets (%) | 0.90% | 0.92% | 1.01% | 1.15% | 1.34% | 1.39% | 1.45% | 1.32% |
| ██▇▅▃▁▁▄ | Efficiency Ratio (%) | 74.1% | 73.9% | 71.9% | 68.6% | 65.7% | 63.7% | 62.5% | 67.6% |
| ██▇▂▁▁▁▂ | Cost of Funds (%) | 1.26% | 1.26% | 1.20% | 1.00% | 0.93% | 0.94% | 0.97% | 1.01% |
| █▁▁▁▃▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▃▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $20 | $22 | $21 | $22 | $23 | $23 | $24 | $24 |
| ▂▂▁▁▄▆██ | Gross Loans ($M) | $136 | $138 | $133 | $134 | $142 | $149 | $158 | $155 |
| ▄█▅█▄▃▁▁ | Total Deposits ($M) | $213 | $219 | $215 | $221 | $213 | $210 | $205 | $206 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 13% |
| Agricultural | 7% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |