Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.35 | 0.79% |
| Return on Equity (%) | ▲ | 14.53% | +1.96 | 12.57% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.32 | 2.86% |
| Efficiency Ratio (%) | ▲ | 62.91% | -7.75 | 70.66% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 1.69% | -0.10 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $154 | +5.26 | $149 |
| Gross Loans ($M) | ▲ | $93 | +2.26 | $91 |
| Loan Growth YoY (%) | ▲ | 69.69% | +0.09 | 69.59% |
| Total Deposits ($M) | ▲ | $132 | +2.93 | $129 |
| Shareholders Equity ($M) | ▲ | $12 | +2.43 | $10 |
| Tang. Book Value ($M) | ▲ | $12 | +2.46 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +2.67 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 69.69% | +0.09 | 69.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.34 | 0.00% |
| Allowance / Loans (%) | — | 1.61% | 0.07% | 1.55% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.56 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▃▃▅█ | Net Interest Margin (%) | 2.89% | 2.91% | 2.86% | 2.86% | 2.94% | 2.96% | 3.03% | 3.18% |
| ▁▁▁▂▃▃▁█ | Return on Assets (%) | 0.70% | 0.74% | 0.73% | 0.79% | 0.82% | 0.83% | 0.75% | 1.13% |
| █▇▇▆▅▅▅▁ | Efficiency Ratio (%) | 75.2% | 73.6% | 73.6% | 70.7% | 70.1% | 70.0% | 69.9% | 62.9% |
| ▁█▂███▄▁ | Cost of Funds (%) | 1.70% | 1.80% | 1.72% | 1.79% | 1.79% | 1.79% | 1.74% | 1.69% |
| ▄▂▂▁▁███ | NPA / Assets (%) | 0.15% | 0.06% | 0.08% | 0.00% | 0.02% | 0.34% | 0.32% | 0.34% |
| ▄▂▂▁▁███ | Net Charge-Off Ratio (%) | 0.22% | 0.09% | 0.13% | 0.00% | 0.03% | 0.57% | 0.52% | 0.56% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $8 | $10 | $9 | $10 | $10 | $11 | $12 | $12 |
| ▁▅▁▄▂▄█▇ | Gross Loans ($M) | $89 | $92 | $89 | $91 | $90 | $91 | $94 | $93 |
| ▁▂▅▆▅▇██ | Total Deposits ($M) | $118 | $120 | $125 | $129 | $126 | $129 | $132 | $132 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 4% |