Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.34 | 0.47% |
| Return on Equity (%) | ▲ | 9.41% | +3.44 | 5.97% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.50 | 3.42% |
| Efficiency Ratio (%) | ▲ | 72.77% | -5.32 | 78.09% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.35 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $500 | +30.82 | $469 |
| Gross Loans ($M) | ▲ | $372 | +9.90 | $362 |
| Loan Growth YoY (%) | ▼ | 80.68% | -2.70 | 83.38% |
| Total Deposits ($M) | ▲ | $455 | +25.93 | $429 |
| Shareholders Equity ($M) | ▲ | $43 | +4.70 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +4.84 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +5.22 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 80.68% | -2.70 | 83.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.27% | 0.12% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.58 | 11.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.96% | 3.01% | 3.11% | 3.42% | 3.57% | 3.70% | 3.84% | 3.91% |
| ▁▁▂▅▆▇▇█ | Return on Assets (%) | 0.10% | 0.14% | 0.22% | 0.47% | 0.60% | 0.71% | 0.69% | 0.81% |
| █▇▆▃▂▂▁▁ | Efficiency Ratio (%) | 93.5% | 90.6% | 86.7% | 78.1% | 77.9% | 76.2% | 74.6% | 72.8% |
| ▇█▇▅▅▄▂▁ | Cost of Funds (%) | 2.29% | 2.41% | 2.33% | 2.19% | 2.15% | 2.06% | 1.97% | 1.84% |
| ▁▁▁▁███▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.02% | 0.02% | 0.14% | 0.12% | 0.12% | 0.00% |
| ▁▁▁▁███▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.02% | 0.17% | 0.16% | 0.16% | 0.00% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $32 | $34 | $33 | $35 | $36 | $37 | $39 | $40 |
| ▁▅▆▅▅█▆█ | Gross Loans ($M) | $348 | $364 | $366 | $362 | $364 | $374 | $367 | $372 |
| ▁▄▄▅▅▄▆█ | Total Deposits ($M) | $394 | $419 | $417 | $429 | $428 | $421 | $438 | $455 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |