Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.16 | 0.96% |
| Return on Equity (%) | ▲ | 9.67% | +0.91 | 8.76% |
| Net Interest Margin (%) | ▼ | 3.77% | -0.31 | 4.08% |
| Efficiency Ratio (%) | ▼ | 61.57% | +4.01 | 57.56% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.06% | -0.06 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $130 | +4.18 | $126 |
| Gross Loans ($M) | ▼ | $53 | -8.07 | $61 |
| Loan Growth YoY (%) | ▼ | 44.75% | -8.74 | 53.49% |
| Total Deposits ($M) | ▲ | $115 | +3.11 | $112 |
| Shareholders Equity ($M) | ▲ | $15 | +1.46 | $14 |
| Tang. Book Value ($M) | ▲ | $15 | +1.46 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.43 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 44.75% | -8.74 | 53.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 2.23% | 0.80% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.20% | +7.16 | 23.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄████▅ | Net Interest Margin (%) | 3.31% | 3.49% | 3.67% | 4.08% | 4.12% | 4.14% | 4.10% | 3.77% |
| ▁▂▃▃█▆▅▅ | Return on Assets (%) | 0.63% | 0.83% | 0.89% | 0.96% | 1.54% | 1.21% | 1.15% | 1.12% |
| █▇▇▃▁▃▄▅ | Efficiency Ratio (%) | 70.8% | 66.4% | 66.3% | 57.6% | 51.5% | 57.5% | 58.8% | 61.6% |
| █▄▄▃▆█▃▁ | Cost of Funds (%) | 1.22% | 1.14% | 1.14% | 1.11% | 1.18% | 1.23% | 1.10% | 1.06% |
| ▄█▁▁▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.17% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▄█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.15% | 0.35% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% |
| ▁▂▃▄▆▇▇█ | Tang. Book Value ($M) | $13 | $13 | $13 | $14 | $14 | $15 | $15 | $15 |
| ▆▆█▇██▅▁ | Gross Loans ($M) | $59 | $59 | $62 | $61 | $62 | $62 | $58 | $53 |
| ▅▁▃▆▃▁██ | Total Deposits ($M) | $110 | $105 | $107 | $112 | $108 | $104 | $114 | $115 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 8% |
| Agricultural | 8% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 5% |