Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.47 | 1.14% |
| Return on Equity (%) | ▲ | 21.62% | +3.86 | 17.76% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.56 | 3.70% |
| Efficiency Ratio (%) | ▲ | 60.24% | -9.72 | 69.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.76 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.21 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $455 | +39.96 | $415 |
| Gross Loans ($M) | ▲ | $357 | +50.31 | $306 |
| Loan Growth YoY (%) | ▲ | 99.09% | +9.78 | 89.31% |
| Total Deposits ($M) | ▲ | $356 | +16.48 | $339 |
| Shareholders Equity ($M) | ▲ | $34 | +6.25 | $27 |
| Tang. Book Value ($M) | ▲ | $33 | +6.32 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +6.13 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 99.09% | +9.78 | 89.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.82% | +1.58 | 0.25% |
| Allowance / Loans (%) | — | 1.09% | 0.08% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 2.33% | +1.99 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▆▇█ | Net Interest Margin (%) | 3.43% | 3.49% | 3.60% | 3.70% | 3.82% | 3.95% | 4.08% | 4.26% |
| ▁▁▁▃▃▄▄█ | Return on Assets (%) | 0.88% | 0.93% | 0.96% | 1.14% | 1.09% | 1.17% | 1.22% | 1.61% |
| █▇▆▆▅▄▃▁ | Efficiency Ratio (%) | 74.0% | 71.9% | 70.1% | 70.0% | 68.0% | 65.7% | 63.7% | 60.2% |
| ██▇▅▄▄▁▁ | Cost of Funds (%) | 2.23% | 2.23% | 2.15% | 2.05% | 2.02% | 2.00% | 1.87% | 1.83% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.06% | 0.06% | 0.09% | 0.25% | 0.07% | 0.14% | 0.43% | 1.82% |
| ▁▁▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.12% | 0.34% | 0.10% | 0.19% | 0.56% | 2.33% |
| ▁▄▃▄▅▆██ | Tang. Book Value ($M) | $22 | $27 | $25 | $27 | $28 | $31 | $33 | $33 |
| ▁▂▃▃▃▅▇█ | Gross Loans ($M) | $285 | $301 | $306 | $306 | $311 | $321 | $339 | $357 |
| ▁▁▄▄▇█▇▇ | Total Deposits ($M) | $312 | $319 | $336 | $339 | $355 | $367 | $355 | $356 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |