Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.02 | 1.20% |
| Return on Equity (%) | ▲ | 11.21% | +0.90 | 10.31% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.24 | 3.67% |
| Efficiency Ratio (%) | ▲ | 59.58% | -6.15 | 65.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $1 |
| Cost of Funds (%) | ▼ | 1.55% | +0.01 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $333 | +86.45 | $246 |
| Gross Loans ($M) | ▲ | $234 | +57.38 | $176 |
| Loan Growth YoY (%) | ▼ | 79.29% | -2.35 | 81.64% |
| Total Deposits ($M) | ▲ | $291 | +78.33 | $213 |
| Shareholders Equity ($M) | ▲ | $36 | +7.25 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.68 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.89 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 79.29% | -2.35 | 81.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.47 | 0.02% |
| Allowance / Loans (%) | — | 1.14% | -0.22% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.69% | +0.67 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▄▂▆▁▅█ | Net Interest Margin (%) | 3.71% | 3.73% | 3.72% | 3.67% | 3.81% | 3.60% | 3.79% | 3.91% |
| ▁▁▃██▇▇█ | Return on Assets (%) | 0.87% | 0.92% | 1.00% | 1.20% | 1.24% | 1.17% | 1.16% | 1.22% |
| ██▆▄▂▂▂▁ | Efficiency Ratio (%) | 73.4% | 71.8% | 69.9% | 65.7% | 62.6% | 62.4% | 61.7% | 59.6% |
| ▇██▇▇▁▅▇ | Cost of Funds (%) | 1.55% | 1.62% | 1.61% | 1.54% | 1.53% | 1.19% | 1.45% | 1.55% |
| ▁▁▁▁▁█▆▆ | NPA / Assets (%) | 0.04% | 0.05% | 0.07% | 0.02% | 0.05% | 0.68% | 0.45% | 0.48% |
| ▁▁▁▁▁█▆▆ | Net Charge-Off Ratio (%) | 0.06% | 0.07% | 0.10% | 0.02% | 0.07% | 0.97% | 0.62% | 0.69% |
| ▁▃▃▅▆▄██ | Tang. Book Value ($M) | $25 | $27 | $27 | $28 | $29 | $28 | $30 | $31 |
| ▁▁▁▂▃███ | Gross Loans ($M) | $163 | $167 | $171 | $176 | $186 | $235 | $237 | $234 |
| ▁▁▁▂▂███ | Total Deposits ($M) | $201 | $204 | $210 | $213 | $220 | $286 | $288 | $291 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 4% |
| Agricultural | 7% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 16% |