Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.61% | -0.10 | 1.71% |
| Return on Equity (%) | ▼ | 12.70% | -3.21 | 15.91% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.02 | 4.43% |
| Efficiency Ratio (%) | ▼ | 49.27% | +3.55 | 45.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $1 |
| Cost of Funds (%) | ▼ | 1.21% | +0.01 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $192 | +57.96 | $134 |
| Gross Loans ($M) | ▲ | $115 | +19.77 | $95 |
| Loan Growth YoY (%) | ▼ | 68.71% | -11.35 | 80.06% |
| Total Deposits ($M) | ▲ | $166 | +47.89 | $118 |
| Shareholders Equity ($M) | ▲ | $24 | +9.72 | $15 |
| Tang. Book Value ($M) | ▲ | $22 | +7.94 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +8.93 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 68.71% | -11.35 | 80.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.03 | 0.02% |
| Allowance / Loans (%) | — | 0.84% | 0.11% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.06 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.71% | +2.75 | 17.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▂▆▆█▂ | Net Interest Margin (%) | 4.52% | 4.44% | 4.35% | 4.43% | 4.67% | 4.67% | 4.86% | 4.45% |
| ▅▃▁▅██▃▃ | Return on Assets (%) | 1.72% | 1.62% | 1.49% | 1.71% | 1.91% | 1.92% | 1.64% | 1.61% |
| ▅▆█▃▁▁▆▅ | Efficiency Ratio (%) | 48.2% | 50.4% | 53.6% | 45.7% | 43.1% | 42.8% | 50.5% | 49.3% |
| ▂▄▆▆█▆▁▆ | Cost of Funds (%) | 0.82% | 0.99% | 1.23% | 1.21% | 1.58% | 1.21% | 0.57% | 1.21% |
| █▃█▁▅▅▁▄ | NPA / Assets (%) | 0.11% | 0.04% | 0.11% | 0.02% | 0.07% | 0.07% | 0.02% | 0.06% |
| █▃█▁▅▆▁▅ | Net Charge-Off Ratio (%) | 0.15% | 0.07% | 0.16% | 0.03% | 0.11% | 0.12% | 0.03% | 0.10% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $13 | $14 | $14 | $15 | $21 | $22 | $22 | $22 |
| ▁▁▁▂████ | Gross Loans ($M) | $91 | $91 | $91 | $95 | $118 | $117 | $117 | $115 |
| ▁▂▂▂▇███ | Total Deposits ($M) | $106 | $115 | $114 | $118 | $155 | $162 | $161 | $166 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 7% |
| Agricultural | 13% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |