Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -0.34 | 2.41% |
| Return on Equity (%) | ▼ | 23.51% | -4.31 | 27.82% |
| Net Interest Margin (%) | ▼ | 5.02% | -0.37 | 5.39% |
| Efficiency Ratio (%) | ▼ | 59.45% | +2.10 | 57.34% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.23% | -0.17 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $291 | +70.33 | $221 |
| Gross Loans ($M) | ▲ | $175 | +27.34 | $147 |
| Loan Growth YoY (%) | ▼ | 65.47% | -7.37 | 72.83% |
| Total Deposits ($M) | ▲ | $264 | +64.00 | $200 |
| Shareholders Equity ($M) | ▲ | $26 | +6.62 | $19 |
| Tang. Book Value ($M) | ▲ | $23 | +4.31 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +6.12 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 65.47% | -7.37 | 72.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.28 | 0.31% |
| Allowance / Loans (%) | — | 0.94% | -0.04% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.41 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.58% | -1.16 | 13.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄█▅▅▆▄ | Net Interest Margin (%) | 4.77% | 4.97% | 5.08% | 5.39% | 5.09% | 5.15% | 5.21% | 5.02% |
| ▁▃▃██▇▆▅ | Return on Assets (%) | 1.53% | 1.79% | 1.77% | 2.41% | 2.35% | 2.28% | 2.09% | 2.07% |
| █▆▇▂▁▂▄▄ | Efficiency Ratio (%) | 66.5% | 62.7% | 64.0% | 57.3% | 54.5% | 56.1% | 60.1% | 59.4% |
| ▇▆▆▄▁█▄▂ | Cost of Funds (%) | 1.62% | 1.57% | 1.51% | 1.40% | 1.12% | 1.74% | 1.39% | 1.23% |
| █▂▂▇▅▁▁▁ | NPA / Assets (%) | 0.40% | 0.09% | 0.09% | 0.31% | 0.23% | 0.06% | 0.05% | 0.03% |
| █▂▂▇▆▁▁▁ | Net Charge-Off Ratio (%) | 0.60% | 0.12% | 0.13% | 0.47% | 0.41% | 0.09% | 0.08% | 0.05% |
| ▁▂▂▃▃███ | Tang. Book Value ($M) | $17 | $18 | $18 | $19 | $19 | $23 | $23 | $23 |
| ▁▃▂▂▅█▆█ | Gross Loans ($M) | $139 | $149 | $148 | $147 | $161 | $173 | $162 | $175 |
| ▁▁▁▂█▇██ | Total Deposits ($M) | $189 | $192 | $192 | $200 | $263 | $255 | $262 | $264 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 9% |