Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.34 | 1.10% |
| Return on Equity (%) | ▲ | 18.85% | +3.63 | 15.22% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.39 | 2.85% |
| Efficiency Ratio (%) | ▲ | 55.52% | -5.54 | 61.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.47% | -0.09 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $315 | +35.09 | $279 |
| Gross Loans ($M) | ▲ | $191 | +21.59 | $169 |
| Loan Growth YoY (%) | ▲ | 65.78% | +0.44 | 65.35% |
| Total Deposits ($M) | ▲ | $288 | +30.74 | $258 |
| Shareholders Equity ($M) | ▲ | $24 | +4.39 | $20 |
| Tang. Book Value ($M) | ▲ | $24 | +4.39 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +4.05 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 65.78% | +0.44 | 65.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.05% |
| Allowance / Loans (%) | — | 0.69% | 0.05% | 0.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.92% | +10.92 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▄▅▆█ | Net Interest Margin (%) | 2.53% | 2.64% | 2.74% | 2.85% | 2.88% | 2.96% | 3.03% | 3.24% |
| ▁▂▃▃▃▄▅█ | Return on Assets (%) | 0.94% | 1.02% | 1.08% | 1.10% | 1.13% | 1.18% | 1.23% | 1.44% |
| █▇▇▅▄▄▃▁ | Efficiency Ratio (%) | 65.0% | 63.6% | 62.6% | 61.1% | 59.8% | 59.4% | 58.8% | 55.5% |
| ▄▅▄▂▆█▅▁ | Cost of Funds (%) | 1.65% | 1.68% | 1.64% | 1.55% | 1.76% | 1.88% | 1.71% | 1.47% |
| ▁▁▁▃█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.05% | 0.18% | 0.00% | 0.00% | 0.01% |
| ▁▁▁▃█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.08% | 0.31% | 0.00% | 0.00% | 0.02% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $17 | $19 | $19 | $20 | $21 | $22 | $23 | $24 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $152 | $161 | $167 | $169 | $175 | $179 | $187 | $191 |
| ▁▁▁▄▆▇▇█ | Total Deposits ($M) | $237 | $233 | $233 | $258 | $274 | $275 | $280 | $288 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 1% |