Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.61 | 0.09% |
| Return on Equity (%) | ▲ | 10.06% | +8.69 | 1.37% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.26 | 3.37% |
| Efficiency Ratio (%) | ▲ | 78.87% | -13.97 | 92.84% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 2.38% | -0.16 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $130 | +14.21 | $116 |
| Gross Loans ($M) | ▲ | $87 | +20.45 | $66 |
| Loan Growth YoY (%) | ▲ | 71.40% | +10.80 | 60.60% |
| Total Deposits ($M) | ▲ | $120 | +12.03 | $108 |
| Shareholders Equity ($M) | ▲ | $9 | +2.00 | $7 |
| Tang. Book Value ($M) | ▲ | $9 | +2.00 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $11 | +1.98 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 71.40% | +10.80 | 60.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.09% | -0.04% | 1.13% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.93% | -3.86 | 19.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▄▆▆█ | Net Interest Margin (%) | 3.66% | 3.65% | 3.57% | 3.37% | 3.51% | 3.56% | 3.55% | 3.64% |
| ▁▄▄▄▆▇▇█ | Return on Assets (%) | -0.42% | 0.01% | 0.01% | 0.09% | 0.36% | 0.42% | 0.46% | 0.69% |
| █▇▆▅▃▂▁▁ | Efficiency Ratio (%) | 104.3% | 100.1% | 97.7% | 92.8% | 87.2% | 84.4% | 81.3% | 78.9% |
| ▁█▆▄▂▅▂▁ | Cost of Funds (%) | 2.38% | 2.75% | 2.65% | 2.54% | 2.47% | 2.60% | 2.44% | 2.38% |
| ▁▁▁▁█▁▃▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.33% | 0.04% | 0.11% | 0.00% |
| ▁▁▁▁█▁▃▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.52% | 0.06% | 0.17% | 0.00% |
| ▁▅▃▄▄▆██ | Tang. Book Value ($M) | $6 | $8 | $7 | $7 | $7 | $8 | $9 | $9 |
| ▁▂▂▄▆▆██ | Gross Loans ($M) | $50 | $56 | $58 | $66 | $74 | $77 | $83 | $87 |
| ▁▂▄▅▅▆██ | Total Deposits ($M) | $83 | $91 | $101 | $108 | $109 | $112 | $125 | $120 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 26% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 29% |