Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.88% | +0.34 | 1.54% |
| Return on Equity (%) | ▲ | 6.95% | +0.99 | 5.96% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.43 | 2.51% |
| Efficiency Ratio (%) | ▲ | 28.59% | -5.90 | 34.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.42% | -0.12 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $127 | +4.85 | $123 |
| Gross Loans ($M) | ▲ | $43 | +7.18 | $36 |
| Loan Growth YoY (%) | ▲ | 45.94% | +6.65 | 39.29% |
| Total Deposits ($M) | ▲ | $93 | +2.50 | $90 |
| Shareholders Equity ($M) | ▲ | $34 | +2.35 | $32 |
| Tang. Book Value ($M) | ▲ | $31 | +2.35 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.37 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 45.94% | +6.65 | 39.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 0.71% | -0.03% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.27% | 2.26% | 2.28% | 2.51% | 2.58% | 2.60% | 2.65% | 2.94% |
| ▁▁▁▄▄▄▅█ | Return on Assets (%) | 1.34% | 1.32% | 1.31% | 1.54% | 1.56% | 1.59% | 1.59% | 1.88% |
| ▇██▆▆▅▅▁ | Efficiency Ratio (%) | 36.8% | 37.3% | 37.9% | 34.5% | 34.9% | 33.9% | 34.0% | 28.6% |
| ▇▄█▃▄▂▃▁ | Cost of Funds (%) | 1.74% | 1.57% | 1.81% | 1.53% | 1.59% | 1.48% | 1.55% | 1.42% |
| █▆▆▁▁▁▁▁ | NPA / Assets (%) | 0.25% | 0.17% | 0.17% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% |
| █▆▆▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.81% | 0.56% | 0.55% | 0.00% | 0.00% | 0.00% | 0.06% | 0.05% |
| ▁▂▁▂▃▆██ | Tang. Book Value ($M) | $28 | $29 | $29 | $29 | $29 | $30 | $31 | $31 |
| ▁▂▃▁▂▄▇█ | Gross Loans ($M) | $35 | $37 | $37 | $36 | $37 | $38 | $41 | $43 |
| ▁▇▅▇▂▇▄█ | Total Deposits ($M) | $80 | $91 | $87 | $90 | $82 | $91 | $86 | $93 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 6% |
| Agricultural | 38% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |