Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.17% | +0.42 | 1.75% |
| Return on Equity (%) | ▲ | 15.46% | +1.68 | 13.78% |
| Net Interest Margin (%) | ▲ | 4.56% | +0.29 | 4.27% |
| Efficiency Ratio (%) | ▲ | 50.24% | -4.29 | 54.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.02% | -0.06 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $199 | +7.16 | $192 |
| Gross Loans ($M) | ▲ | $146 | +17.66 | $129 |
| Loan Growth YoY (%) | ▲ | 86.37% | +9.18 | 77.19% |
| Total Deposits ($M) | ▲ | $167 | +2.91 | $164 |
| Shareholders Equity ($M) | ▲ | $28 | +3.32 | $24 |
| Tang. Book Value ($M) | ▲ | $24 | +3.46 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.74 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 86.37% | +9.18 | 77.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.52% | -0.13% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.76% | +0.29 | 14.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.84% | 3.90% | 3.99% | 4.27% | 4.35% | 4.43% | 4.46% | 4.56% |
| ▁▁▂▄▄▄▅█ | Return on Assets (%) | 1.47% | 1.52% | 1.57% | 1.75% | 1.78% | 1.82% | 1.84% | 2.17% |
| █▇▇▆▆▅▆▁ | Efficiency Ratio (%) | 56.1% | 55.3% | 55.2% | 54.5% | 53.9% | 53.8% | 54.0% | 50.2% |
| █▇▆▂▂▄▃▁ | Cost of Funds (%) | 1.32% | 1.26% | 1.21% | 1.09% | 1.09% | 1.14% | 1.13% | 1.02% |
| ▂▃▇▃█▁▇█ | NPA / Assets (%) | 0.01% | 0.02% | 0.03% | 0.02% | 0.03% | 0.01% | 0.03% | 0.03% |
| ▂▃▇▄█▁▇█ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.04% | 0.02% | 0.05% | 0.01% | 0.04% | 0.05% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $19 | $20 | $20 | $21 | $21 | $23 | $24 | $24 |
| ▁▂▁▁▁▃▄█ | Gross Loans ($M) | $128 | $131 | $129 | $129 | $130 | $134 | $136 | $146 |
| █▃▅▇▆▁▆█ | Total Deposits ($M) | $166 | $156 | $161 | $164 | $163 | $151 | $163 | $167 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 14% |
| Agricultural | 29% |
| Consumer | 3% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |