Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.47% | +0.22 | 2.25% |
| Return on Equity (%) | ▲ | 24.72% | +0.15 | 24.57% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.21 | 4.23% |
| Efficiency Ratio (%) | ▲ | 47.07% | -0.77 | 47.84% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.29 | $2 |
| Cost of Funds (%) | ▲ | 1.01% | -0.02 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $459 | +21.64 | $437 |
| Gross Loans ($M) | ▲ | $319 | +24.09 | $295 |
| Loan Growth YoY (%) | ▲ | 77.91% | +3.00 | 74.91% |
| Total Deposits ($M) | ▲ | $403 | +15.41 | $388 |
| Shareholders Equity ($M) | ▲ | $47 | +5.57 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +5.59 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +5.27 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 77.91% | +3.00 | 74.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.56% | 0.02% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 4.05% | 4.08% | 4.11% | 4.23% | 4.23% | 4.29% | 4.31% | 4.44% |
| ▁▂▁▅▁▄▄█ | Return on Assets (%) | 1.97% | 2.10% | 2.03% | 2.25% | 2.02% | 2.20% | 2.17% | 2.47% |
| █▆█▂▅▂▅▁ | Efficiency Ratio (%) | 51.0% | 50.0% | 51.1% | 47.8% | 49.6% | 48.1% | 49.6% | 47.1% |
| ▄█▆▁▄▅▂▁ | Cost of Funds (%) | 1.12% | 1.29% | 1.21% | 1.03% | 1.13% | 1.17% | 1.06% | 1.01% |
| ▁▁▁▄█▃▇▅ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▄█▃▇▅ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.01% | 0.02% | 0.01% |
| ▁▄▂▄▄▇▇█ | Tang. Book Value ($M) | $33 | $38 | $35 | $39 | $38 | $42 | $42 | $44 |
| ▁▁▂▃▇█▇▇ | Gross Loans ($M) | $278 | $279 | $288 | $295 | $316 | $325 | $317 | $319 |
| ▁▁▄▅██▇█ | Total Deposits ($M) | $360 | $363 | $383 | $388 | $404 | $408 | $398 | $403 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 9% |
| Agricultural | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |