Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.52 | 0.95% |
| Return on Equity (%) | ▲ | 14.08% | +3.48 | 10.60% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.56 | 3.24% |
| Efficiency Ratio (%) | ▲ | 62.40% | -9.38 | 71.78% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 1.11% | -0.05 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $111 | +1.39 | $110 |
| Gross Loans ($M) | ▲ | $52 | +2.07 | $50 |
| Loan Growth YoY (%) | ▲ | 52.32% | +1.62 | 50.70% |
| Total Deposits ($M) | ▲ | $98 | +0.95 | $97 |
| Shareholders Equity ($M) | ▲ | $12 | +1.49 | $10 |
| Tang. Book Value ($M) | ▲ | $12 | +1.49 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +1.63 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 52.32% | +1.62 | 50.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.22 | 0.27% |
| Allowance / Loans (%) | — | 1.09% | -0.06% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.48 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▃▆█ | Net Interest Margin (%) | 2.98% | 3.00% | 3.01% | 3.24% | 3.38% | 3.24% | 3.50% | 3.81% |
| ▁▁▁▁▃▁▅█ | Return on Assets (%) | 0.94% | 0.95% | 0.90% | 0.95% | 1.09% | 0.94% | 1.22% | 1.47% |
| ▇▇▆█▆█▄▁ | Efficiency Ratio (%) | 70.2% | 70.5% | 70.1% | 71.8% | 69.3% | 72.8% | 66.8% | 62.4% |
| ██▂▃▄▃▁▃ | Cost of Funds (%) | 1.44% | 1.40% | 1.08% | 1.15% | 1.19% | 1.12% | 0.99% | 1.11% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.05% | 0.05% | 0.04% | 0.27% | 0.12% | 3.11% | 0.13% | 0.05% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.08% | 0.59% | 0.25% | 6.01% | 0.27% | 0.11% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $9 | $10 | $10 | $10 | $11 | $11 | $12 | $12 |
| ▁▂█▃▄██▆ | Gross Loans ($M) | $49 | $50 | $53 | $50 | $51 | $53 | $53 | $52 |
| █▁▆▆▂▁█▇ | Total Deposits ($M) | $101 | $90 | $98 | $97 | $91 | $89 | $100 | $98 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 14% |
| Agricultural | 15% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |