Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.31 | 0.72% |
| Return on Equity (%) | ▲ | 10.93% | +3.38 | 7.55% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.20 | 3.57% |
| Efficiency Ratio (%) | ▲ | 65.57% | -8.87 | 74.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.98% | -0.08 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $288 | +25.74 | $263 |
| Gross Loans ($M) | ▲ | $244 | +34.79 | $209 |
| Loan Growth YoY (%) | ▲ | 95.11% | +2.76 | 92.35% |
| Total Deposits ($M) | ▲ | $254 | +29.80 | $225 |
| Shareholders Equity ($M) | ▲ | $28 | +2.79 | $25 |
| Tang. Book Value ($M) | ▲ | $22 | +2.90 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +3.02 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 95.11% | +2.76 | 92.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.29 | 0.00% |
| Allowance / Loans (%) | — | 0.65% | 0.01% | 0.64% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.34 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.59% | -0.31 | 10.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.28% | 3.29% | 3.38% | 3.57% | 3.61% | 3.67% | 3.71% | 3.77% |
| ▁▂▂▃▄▅▆█ | Return on Assets (%) | 0.56% | 0.63% | 0.67% | 0.72% | 0.77% | 0.84% | 0.89% | 1.03% |
| █▇▆▆▅▄▃▁ | Efficiency Ratio (%) | 78.4% | 76.2% | 75.0% | 74.4% | 73.0% | 70.8% | 69.3% | 65.6% |
| ▇█▅▃▂▂▁▁ | Cost of Funds (%) | 2.21% | 2.25% | 2.14% | 2.06% | 2.03% | 2.03% | 2.00% | 1.98% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.02% | 0.01% | 0.00% | 0.00% | 0.02% | 0.28% | 0.28% | 0.29% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.00% | 0.00% | 0.02% | 0.36% | 0.35% | 0.34% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $17 | $18 | $19 | $19 | $20 | $21 | $21 | $22 |
| ▁▂▂▂▄▅▇█ | Gross Loans ($M) | $199 | $205 | $207 | $209 | $220 | $223 | $234 | $244 |
| ▁▃▃▄▅▇██ | Total Deposits ($M) | $204 | $219 | $218 | $225 | $235 | $247 | $256 | $254 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |