Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.12% | -0.09 | 1.21% |
| Return on Equity (%) | ▼ | 11.47% | -2.08 | 13.55% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.18 | 3.45% |
| Efficiency Ratio (%) | ▼ | 61.02% | +4.55 | 56.47% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.33% | -0.03 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $265 | +6.38 | $259 |
| Gross Loans ($M) | ▲ | $163 | +9.02 | $154 |
| Loan Growth YoY (%) | ▲ | 68.31% | +2.42 | 65.88% |
| Total Deposits ($M) | ▲ | $236 | +4.76 | $231 |
| Shareholders Equity ($M) | ▲ | $26 | +2.32 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +2.32 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.33 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 68.31% | +2.42 | 65.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.98% | 0.06% | 0.92% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.77% | +0.02 | 15.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▆█ | Net Interest Margin (%) | 3.35% | 3.37% | 3.37% | 3.45% | 3.47% | 3.53% | 3.55% | 3.63% |
| ▂▃▃▅▆█▆▁ | Return on Assets (%) | 1.15% | 1.17% | 1.19% | 1.21% | 1.24% | 1.30% | 1.24% | 1.12% |
| ▅▅▄▃▂▁▁█ | Efficiency Ratio (%) | 58.4% | 58.0% | 57.6% | 56.5% | 55.3% | 54.3% | 54.8% | 61.0% |
| ▁▇▄▃█▅▂▂ | Cost of Funds (%) | 1.29% | 1.48% | 1.38% | 1.36% | 1.52% | 1.41% | 1.32% | 1.33% |
| ▁▂▁▁▁█▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▄▆███ | Tang. Book Value ($M) | $22 | $23 | $23 | $24 | $25 | $26 | $26 | $26 |
| ▁▁▁▃▅██▇ | Gross Loans ($M) | $148 | $150 | $150 | $154 | $158 | $164 | $165 | $163 |
| ▁▁▇▆▆▅██ | Total Deposits ($M) | $210 | $212 | $233 | $231 | $230 | $227 | $238 | $236 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 6% |
| Agricultural | 23% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |