Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.34 | 0.46% |
| Return on Equity (%) | ▲ | 7.98% | +2.79 | 5.19% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.51 | 2.94% |
| Efficiency Ratio (%) | ▲ | 72.19% | -8.89 | 81.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $0 |
| Cost of Funds (%) | ▼ | 1.10% | +0.00 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $285 | +0.57 | $284 |
| Gross Loans ($M) | ▲ | $173 | +1.16 | $171 |
| Loan Growth YoY (%) | ▲ | 66.93% | +1.12 | 65.80% |
| Total Deposits ($M) | ▼ | $255 | -2.37 | $257 |
| Shareholders Equity ($M) | ▲ | $28 | +2.83 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +2.83 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.87 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 66.93% | +1.12 | 65.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.70 | 0.75% |
| Allowance / Loans (%) | — | 1.05% | -0.09% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -1.16 | 1.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▅▅▅█ | Net Interest Margin (%) | 2.71% | 2.81% | 2.88% | 2.94% | 3.11% | 3.10% | 3.16% | 3.45% |
| ▁▂▃▂▄▄▅█ | Return on Assets (%) | 0.40% | 0.46% | 0.51% | 0.46% | 0.58% | 0.57% | 0.62% | 0.80% |
| █▇▅▇▄▅▃▁ | Efficiency Ratio (%) | 82.7% | 80.3% | 78.5% | 81.1% | 77.1% | 77.7% | 76.1% | 72.2% |
| ▆█▃▁▃▂█▁ | Cost of Funds (%) | 1.13% | 1.15% | 1.11% | 1.09% | 1.11% | 1.11% | 1.15% | 1.10% |
| █▇▇▇▆▆▅▁ | NPA / Assets (%) | 0.94% | 0.78% | 0.77% | 0.75% | 0.63% | 0.62% | 0.57% | 0.05% |
| █▇▇▇▆▆▁▁ | Net Charge-Off Ratio (%) | 1.57% | 1.29% | 1.24% | 1.24% | 1.04% | 1.03% | 0.07% | 0.08% |
| ▁▅▂▄▄▇██ | Tang. Book Value ($M) | $23 | $26 | $24 | $25 | $26 | $28 | $28 | $28 |
| ▁▄▅▄▅██▆ | Gross Loans ($M) | $169 | $171 | $172 | $171 | $172 | $174 | $174 | $173 |
| ▃▆▁▇▅█▁▅ | Total Deposits ($M) | $251 | $255 | $248 | $257 | $255 | $260 | $249 | $255 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |