Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.96% | +1.00 | 1.96% |
| Return on Equity (%) | ▲ | 29.58% | +6.41 | 23.17% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.42 | 3.64% |
| Efficiency Ratio (%) | ▲ | 43.24% | -4.11 | 47.35% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.79 | $3 |
| Cost of Funds (%) | ▲ | 1.34% | -0.32 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $712 | +24.24 | $688 |
| Gross Loans ($M) | ▼ | $576 | -0.11 | $576 |
| Loan Growth YoY (%) | ▼ | 97.90% | -10.66 | 108.56% |
| Total Deposits ($M) | ▲ | $577 | +56.55 | $521 |
| Shareholders Equity ($M) | ▲ | $74 | +12.78 | $61 |
| Tang. Book Value ($M) | ▲ | $73 | +12.81 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +12.88 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 97.90% | -10.66 | 108.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.92% | 0.01% | 1.91% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.99% | +1.30 | 11.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.28% | 3.33% | 3.40% | 3.64% | 3.76% | 3.84% | 3.89% | 4.06% |
| ▁▁▁▃▃▄▃█ | Return on Assets (%) | 1.51% | 1.53% | 1.60% | 1.96% | 2.02% | 2.05% | 2.03% | 2.96% |
| ███▄▃▄▅▁ | Efficiency Ratio (%) | 53.4% | 53.8% | 53.2% | 47.4% | 47.0% | 47.3% | 48.7% | 43.2% |
| ▆█▇▆▄▃▂▁ | Cost of Funds (%) | 1.65% | 1.82% | 1.73% | 1.66% | 1.53% | 1.47% | 1.41% | 1.34% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.00% | 0.00% |
| ▁▃▂▄▄▆▆█ | Tang. Book Value ($M) | $52 | $57 | $56 | $60 | $63 | $66 | $67 | $73 |
| ▄▅▅██▁▄█ | Gross Loans ($M) | $561 | $565 | $565 | $576 | $575 | $548 | $559 | $576 |
| ▄▂▃▁▃█▇█ | Total Deposits ($M) | $544 | $535 | $538 | $521 | $536 | $574 | $569 | $577 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 27% |
| Agricultural | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 2% |