Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.96% | +0.60 | 1.37% |
| Return on Equity (%) | ▲ | 23.55% | +4.73 | 18.82% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.57 | 2.87% |
| Efficiency Ratio (%) | ▲ | 39.26% | -11.62 | 50.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.13 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $333 | +12.26 | $321 |
| Gross Loans ($M) | ▲ | $276 | +34.78 | $241 |
| Loan Growth YoY (%) | ▲ | 98.36% | +10.37 | 87.99% |
| Total Deposits ($M) | ▲ | $278 | +6.43 | $271 |
| Shareholders Equity ($M) | ▲ | $28 | +3.72 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +3.72 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +2.78 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 98.36% | +10.37 | 87.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.13 | 0.16% |
| Allowance / Loans (%) | — | 0.92% | 0.00% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.14 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.01% | -0.22 | 12.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.37% | 2.42% | 2.49% | 2.87% | 3.06% | 3.13% | 3.19% | 3.44% |
| ▁▁▁▄▆▆▆█ | Return on Assets (%) | 0.83% | 0.91% | 0.89% | 1.37% | 1.66% | 1.68% | 1.59% | 1.96% |
| █▇█▄▃▂▄▁ | Efficiency Ratio (%) | 63.8% | 60.1% | 62.0% | 50.9% | 46.8% | 44.7% | 48.9% | 39.3% |
| ▇█▇▃▃▄▂▁ | Cost of Funds (%) | 2.37% | 2.45% | 2.34% | 2.10% | 2.11% | 2.21% | 2.07% | 1.97% |
| ▄▄█▁▂▃▂▅ | NPA / Assets (%) | 0.28% | 0.27% | 0.41% | 0.16% | 0.20% | 0.25% | 0.21% | 0.29% |
| ▄▄█▁▁▃▂▄ | Net Charge-Off Ratio (%) | 0.38% | 0.37% | 0.55% | 0.21% | 0.25% | 0.32% | 0.26% | 0.35% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $19 | $20 | $22 | $24 | $25 | $27 | $28 | $28 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $222 | $233 | $238 | $241 | $245 | $254 | $265 | $276 |
| ▁▂▆▆▂▃██ | Total Deposits ($M) | $252 | $258 | $269 | $271 | $256 | $260 | $278 | $278 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Agricultural | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 19% |