Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.14 | 1.24% |
| Return on Equity (%) | ▲ | 15.58% | +1.04 | 14.54% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.19 | 2.96% |
| Efficiency Ratio (%) | ▲ | 45.81% | -3.33 | 49.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $2 |
| Cost of Funds (%) | ▲ | 1.77% | -0.01 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $508 | +66.58 | $441 |
| Gross Loans ($M) | ▲ | $296 | +33.85 | $262 |
| Loan Growth YoY (%) | ▼ | 64.02% | -1.01 | 65.03% |
| Total Deposits ($M) | ▲ | $458 | +58.62 | $399 |
| Shareholders Equity ($M) | ▲ | $44 | +6.09 | $38 |
| Tang. Book Value ($M) | ▲ | $44 | +6.09 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +6.27 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 64.02% | -1.01 | 65.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.06% | -0.00% | 1.06% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆███ | Net Interest Margin (%) | 2.79% | 2.85% | 2.90% | 2.96% | 3.05% | 3.10% | 3.13% | 3.15% |
| ▁▂▃▂▅▇██ | Return on Assets (%) | 1.20% | 1.22% | 1.25% | 1.24% | 1.31% | 1.36% | 1.38% | 1.38% |
| ██▇▅▂▂▁▁ | Efficiency Ratio (%) | 51.3% | 50.6% | 50.4% | 49.1% | 46.9% | 46.6% | 46.4% | 45.8% |
| ▅█▇▁▅▂▄▁ | Cost of Funds (%) | 1.85% | 1.92% | 1.90% | 1.78% | 1.85% | 1.79% | 1.84% | 1.77% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▃▄███ | Tang. Book Value ($M) | $34 | $39 | $35 | $38 | $39 | $43 | $43 | $44 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $244 | $249 | $252 | $262 | $272 | $280 | $287 | $296 |
| ▁▁▁▃▂▃▅█ | Total Deposits ($M) | $378 | $383 | $375 | $399 | $390 | $402 | $424 | $458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 25% |