Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.09 | 1.50% |
| Return on Equity (%) | ▼ | 15.27% | -0.06 | 15.33% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.18 | 3.79% |
| Efficiency Ratio (%) | ▲ | 44.30% | -4.12 | 48.42% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.12 | $2 |
| Cost of Funds (%) | ▲ | 2.63% | -0.12 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $635 | +132.51 | $502 |
| Gross Loans ($M) | ▲ | $519 | +112.28 | $407 |
| Loan Growth YoY (%) | ▲ | 107.57% | +11.24 | 96.33% |
| Total Deposits ($M) | ▲ | $479 | +60.19 | $419 |
| Shareholders Equity ($M) | ▲ | $67 | +18.09 | $48 |
| Tang. Book Value ($M) | ▲ | $64 | +18.33 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +19.00 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 107.57% | +11.24 | 96.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.12 | 0.01% |
| Allowance / Loans (%) | — | 0.73% | -0.09% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.14 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▆▇███ | Net Interest Margin (%) | 3.48% | 3.39% | 3.43% | 3.79% | 3.92% | 3.99% | 4.02% | 3.97% |
| ▄▂▁▄▇██▆ | Return on Assets (%) | 1.49% | 1.42% | 1.35% | 1.50% | 1.60% | 1.67% | 1.64% | 1.58% |
| ▅▆█▅▃▂▂▁ | Efficiency Ratio (%) | 48.0% | 49.1% | 51.2% | 48.4% | 46.7% | 45.4% | 45.5% | 44.3% |
| ▇█▄▂▁▂▁▁ | Cost of Funds (%) | 3.24% | 3.41% | 3.01% | 2.75% | 2.72% | 2.76% | 2.71% | 2.63% |
| ▁▁▁▁█▅▃▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.45% | 0.25% | 0.16% | 0.13% |
| ▁▁▁▁█▅▃▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.55% | 0.30% | 0.20% | 0.16% |
| ▁▁▃▃▅▆██ | Tang. Book Value ($M) | $36 | $37 | $45 | $46 | $51 | $54 | $63 | $64 |
| ▁▁▄▅▆███ | Gross Loans ($M) | $285 | $296 | $378 | $407 | $449 | $493 | $512 | $519 |
| ▁▂▅▆▇▇██ | Total Deposits ($M) | $268 | $297 | $387 | $419 | $433 | $445 | $484 | $479 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 12% |
| Agricultural | 48% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 40% |