Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.15 | 1.28% |
| Return on Equity (%) | ▲ | 11.34% | +0.49 | 10.85% |
| Net Interest Margin (%) | ▲ | 4.79% | +0.03 | 4.77% |
| Efficiency Ratio (%) | ▲ | 59.91% | -2.71 | 62.62% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.29 | $2 |
| Cost of Funds (%) | ▲ | 1.48% | -0.04 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $424 | +29.96 | $394 |
| Gross Loans ($M) | ▲ | $276 | +27.93 | $248 |
| Loan Growth YoY (%) | ▲ | 74.72% | +2.51 | 72.20% |
| Total Deposits ($M) | ▲ | $362 | +25.05 | $337 |
| Shareholders Equity ($M) | ▲ | $53 | +5.66 | $47 |
| Tang. Book Value ($M) | ▲ | $53 | +5.66 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +5.55 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 74.72% | +2.51 | 72.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.25 | 0.30% |
| Allowance / Loans (%) | — | 1.92% | 0.08% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.19 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅██▄ | Net Interest Margin (%) | 4.72% | 4.71% | 4.75% | 4.77% | 4.83% | 4.92% | 4.90% | 4.79% |
| ▅▃▃▁████ | Return on Assets (%) | 1.39% | 1.34% | 1.34% | 1.28% | 1.44% | 1.44% | 1.45% | 1.43% |
| ▅▆█▇▅▄▁▄ | Efficiency Ratio (%) | 61.2% | 61.7% | 63.7% | 62.6% | 60.6% | 59.9% | 57.2% | 59.9% |
| ▁█▅▃▃▁▂▂ | Cost of Funds (%) | 1.44% | 1.65% | 1.56% | 1.52% | 1.50% | 1.46% | 1.47% | 1.48% |
| █████▄▁▁ | NPA / Assets (%) | 0.31% | 0.30% | 0.32% | 0.30% | 0.31% | 0.17% | 0.06% | 0.05% |
| ▂▁▂▄█▂▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.11% | 0.16% | 0.26% | 0.48% | 0.13% | 0.09% | 0.07% |
| ▁▄▃▄▄▇██ | Tang. Book Value ($M) | $44 | $48 | $46 | $47 | $48 | $52 | $53 | $53 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $236 | $242 | $244 | $248 | $258 | $266 | $276 | $276 |
| ▁▁▅▄▄▄▇█ | Total Deposits ($M) | $320 | $315 | $341 | $337 | $337 | $335 | $356 | $362 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |