Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.34 | 0.47% |
| Return on Equity (%) | ▲ | 7.15% | +3.56 | 3.59% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.37 | 2.94% |
| Efficiency Ratio (%) | ▲ | 56.46% | -13.16 | 69.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $0 |
| Cost of Funds (%) | ▼ | 1.62% | +0.01 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $236 | +48.89 | $187 |
| Gross Loans ($M) | ▲ | $138 | +29.83 | $108 |
| Loan Growth YoY (%) | ▼ | 65.18% | -0.58 | 65.76% |
| Total Deposits ($M) | ▲ | $208 | +46.51 | $162 |
| Shareholders Equity ($M) | ▲ | $27 | +2.26 | $24 |
| Tang. Book Value ($M) | ▼ | $24 | -0.16 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +0.04 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 65.18% | -0.58 | 65.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.19 | 0.15% |
| Allowance / Loans (%) | — | 1.75% | -0.07% | 1.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.33 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▇███ | Net Interest Margin (%) | 2.58% | 2.56% | 2.62% | 2.94% | 3.26% | 3.40% | 3.41% | 3.31% |
| ▂▁▄▁▂▆▄█ | Return on Assets (%) | 0.53% | 0.46% | 0.63% | 0.47% | 0.54% | 0.70% | 0.62% | 0.81% |
| ▆▇██▅▂▁▁ | Efficiency Ratio (%) | 66.0% | 67.6% | 68.0% | 69.6% | 63.7% | 59.7% | 58.1% | 56.5% |
| ██▆▂▁▃▃▂ | Cost of Funds (%) | 1.89% | 1.89% | 1.79% | 1.61% | 1.56% | 1.66% | 1.67% | 1.62% |
| ▄█▆▂▁▅▃▄ | NPA / Assets (%) | 0.36% | 0.73% | 0.51% | 0.15% | 0.05% | 0.44% | 0.26% | 0.34% |
| ▄█▆▂▁▅▃▄ | Net Charge-Off Ratio (%) | 0.62% | 1.26% | 0.86% | 0.25% | 0.09% | 0.77% | 0.44% | 0.58% |
| ▃█▆█▁▅██ | Tang. Book Value ($M) | $23 | $24 | $24 | $24 | $22 | $23 | $24 | $24 |
| ▁▁▁▁▇▇██ | Gross Loans ($M) | $104 | $105 | $108 | $108 | $134 | $132 | $141 | $138 |
| ▁▁▁▂▆▇██ | Total Deposits ($M) | $154 | $155 | $158 | $162 | $194 | $201 | $206 | $208 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 6% |
| Agricultural | 37% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |