Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.39 | 1.02% |
| Return on Equity (%) | ▲ | 14.78% | +3.64 | 11.14% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.43 | 3.56% |
| Efficiency Ratio (%) | ▲ | 44.73% | -3.62 | 48.35% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.10 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $301 | +16.55 | $285 |
| Gross Loans ($M) | ▲ | $195 | +21.91 | $173 |
| Loan Growth YoY (%) | ▲ | 71.15% | +4.78 | 66.37% |
| Total Deposits ($M) | ▲ | $269 | +13.21 | $256 |
| Shareholders Equity ($M) | ▲ | $29 | +2.34 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +2.35 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +2.82 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 71.15% | +4.78 | 66.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.47% | -0.04% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.03% | -0.64 | 13.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 3.45% | 3.45% | 3.48% | 3.56% | 3.69% | 3.74% | 3.79% | 3.99% |
| ▆▅▅▁▅▆▅█ | Return on Assets (%) | 1.27% | 1.25% | 1.25% | 1.02% | 1.23% | 1.26% | 1.26% | 1.41% |
| ▇██▆▅▃▃▁ | Efficiency Ratio (%) | 48.4% | 49.2% | 49.6% | 48.4% | 47.4% | 46.5% | 46.2% | 44.7% |
| ▅█▇▄▅▅▇▁ | Cost of Funds (%) | 1.62% | 1.73% | 1.67% | 1.60% | 1.63% | 1.62% | 1.70% | 1.50% |
| ▃▃▁▁▂▂█▁ | NPA / Assets (%) | 0.06% | 0.04% | 0.01% | 0.01% | 0.03% | 0.04% | 0.15% | 0.02% |
| ▄▃▁▁▂▂█▁ | Net Charge-Off Ratio (%) | 0.10% | 0.07% | 0.01% | 0.02% | 0.04% | 0.06% | 0.21% | 0.03% |
| ▁▄▂▄▆█▇█ | Tang. Book Value ($M) | $24 | $26 | $25 | $26 | $27 | $28 | $27 | $28 |
| ▁▃▂▄▆▇▇█ | Gross Loans ($M) | $158 | $168 | $164 | $173 | $183 | $189 | $186 | $195 |
| ▁▁▁▄▃▅▄█ | Total Deposits ($M) | $248 | $248 | $248 | $256 | $253 | $260 | $258 | $269 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 18% |
| Agricultural | 14% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |