Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.75% | +0.26 | 0.49% |
| Return on Equity (%) | ▲ | 8.42% | +3.28 | 5.14% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.01 | 3.12% |
| Efficiency Ratio (%) | ▲ | 69.09% | -10.96 | 80.04% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▼ | 2.41% | +0.10 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $417 | +65.40 | $351 |
| Gross Loans ($M) | ▲ | $289 | +45.76 | $243 |
| Loan Growth YoY (%) | ▲ | 84.88% | +1.22 | 83.66% |
| Total Deposits ($M) | ▲ | $337 | +49.21 | $288 |
| Shareholders Equity ($M) | ▲ | $37 | +3.15 | $34 |
| Tang. Book Value ($M) | ▲ | $34 | +3.21 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.83 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 84.88% | +1.22 | 83.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +1.15 | 0.10% |
| Allowance / Loans (%) | — | 1.10% | -0.00% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.81% | +1.66 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇██▇▇ | Net Interest Margin (%) | 2.80% | 2.81% | 2.84% | 3.12% | 3.16% | 3.21% | 3.13% | 3.13% |
| ▆▆▇▁▁▅▅█ | Return on Assets (%) | 0.67% | 0.67% | 0.69% | 0.49% | 0.50% | 0.62% | 0.63% | 0.75% |
| ▃▂▃█▇▄▄▁ | Efficiency Ratio (%) | 72.1% | 71.8% | 72.3% | 80.0% | 78.4% | 74.4% | 73.3% | 69.1% |
| ▇█▅▁▁█▇▆ | Cost of Funds (%) | 2.44% | 2.47% | 2.40% | 2.31% | 2.32% | 2.45% | 2.45% | 2.41% |
| ▁▁▁▁▁▁▇█ | NPA / Assets (%) | 0.10% | 0.10% | 0.12% | 0.10% | 0.08% | 0.09% | 0.98% | 1.26% |
| ▁▁▁▁▁▁▆█ | Net Charge-Off Ratio (%) | 0.15% | 0.14% | 0.18% | 0.15% | 0.11% | 0.14% | 1.39% | 1.81% |
| ▁▄▁▂▃▆██ | Tang. Book Value ($M) | $31 | $32 | $30 | $31 | $32 | $33 | $34 | $34 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $224 | $229 | $236 | $243 | $261 | $276 | $288 | $289 |
| ▁▁▂▄▄▇██ | Total Deposits ($M) | $256 | $264 | $273 | $288 | $290 | $322 | $329 | $337 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 19% |