Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.07 | 1.33% |
| Return on Equity (%) | ▼ | 10.77% | -0.07 | 10.84% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.23 | 3.84% |
| Efficiency Ratio (%) | ▲ | 51.03% | -0.22 | 51.24% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 1.44% | -0.20 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $482 | +14.08 | $468 |
| Gross Loans ($M) | ▲ | $375 | +17.89 | $357 |
| Loan Growth YoY (%) | ▲ | 89.41% | +2.27 | 87.14% |
| Total Deposits ($M) | ▲ | $415 | +9.25 | $406 |
| Shareholders Equity ($M) | ▲ | $62 | +4.77 | $57 |
| Tang. Book Value ($M) | ▲ | $55 | +4.77 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +4.98 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 89.41% | +2.27 | 87.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | 0.06% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▅▇▇█ | Net Interest Margin (%) | 3.76% | 3.84% | 3.85% | 3.84% | 3.95% | 4.02% | 4.03% | 4.07% |
| ▂▃▂▁▆█▆▄ | Return on Assets (%) | 1.35% | 1.38% | 1.36% | 1.33% | 1.43% | 1.47% | 1.42% | 1.40% |
| ▅▅█▄▁▁▅▄ | Efficiency Ratio (%) | 51.6% | 51.7% | 52.9% | 51.2% | 50.1% | 49.9% | 51.7% | 51.0% |
| ▇█▇▆▅▇▃▁ | Cost of Funds (%) | 1.68% | 1.72% | 1.66% | 1.64% | 1.59% | 1.67% | 1.54% | 1.44% |
| ▁▁▁▁█▆▆▅ | NPA / Assets (%) | 0.01% | 0.00% | 0.01% | 0.00% | 0.07% | 0.05% | 0.04% | 0.04% |
| ▁▁▁▁█▆▆▅ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.01% | 0.00% | 0.09% | 0.06% | 0.06% | 0.05% |
| ▁▃▄▃▅▇██ | Tang. Book Value ($M) | $47 | $49 | $51 | $50 | $52 | $54 | $55 | $55 |
| ▁▂▅▄▅▆▆█ | Gross Loans ($M) | $344 | $350 | $361 | $357 | $363 | $366 | $364 | $375 |
| ▁▁▆▇▄▂▇█ | Total Deposits ($M) | $373 | $370 | $402 | $406 | $391 | $379 | $405 | $415 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 7% |
| Agricultural | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |