Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.20 | 0.73% |
| Return on Equity (%) | ▲ | 9.86% | +1.04 | 8.82% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.64 | 2.68% |
| Efficiency Ratio (%) | ▲ | 57.73% | -5.93 | 63.67% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.16 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $309 | +15.18 | $293 |
| Gross Loans ($M) | ▲ | $203 | +37.30 | $166 |
| Loan Growth YoY (%) | ▲ | 77.81% | +12.76 | 65.05% |
| Total Deposits ($M) | ▲ | $258 | +6.50 | $252 |
| Shareholders Equity ($M) | ▲ | $29 | +3.75 | $25 |
| Tang. Book Value ($M) | ▲ | $29 | +3.89 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.31 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 77.81% | +12.76 | 65.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.03 | 0.21% |
| Allowance / Loans (%) | — | 0.99% | -0.16% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.01 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.29% | 2.36% | 2.42% | 2.68% | 2.80% | 2.88% | 2.95% | 3.32% |
| ▁▁▁▁▃▆█▆ | Return on Assets (%) | 0.70% | 0.72% | 0.69% | 0.73% | 0.81% | 0.90% | 1.01% | 0.92% |
| ████▅▄▁▄ | Efficiency Ratio (%) | 64.9% | 63.8% | 65.0% | 63.7% | 60.1% | 58.1% | 53.2% | 57.7% |
| █▆▇▄▁▃▃▁ | Cost of Funds (%) | 1.84% | 1.74% | 1.78% | 1.66% | 1.54% | 1.61% | 1.59% | 1.50% |
| ▁▁▁▄▄▅█▆ | NPA / Assets (%) | 0.13% | 0.13% | 0.12% | 0.21% | 0.20% | 0.22% | 0.31% | 0.24% |
| ▁▁▁▅▄▅█▅ | Net Charge-Off Ratio (%) | 0.24% | 0.24% | 0.22% | 0.37% | 0.34% | 0.36% | 0.49% | 0.37% |
| ▁▄▃▄▆███ | Tang. Book Value ($M) | $22 | $25 | $24 | $25 | $26 | $28 | $29 | $29 |
| ▁▁▂▂▃▅▇█ | Gross Loans ($M) | $161 | $160 | $171 | $166 | $175 | $184 | $195 | $203 |
| ▄▅▃▃▁▆▇█ | Total Deposits ($M) | $252 | $254 | $251 | $252 | $248 | $255 | $257 | $258 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 16% |