Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.15 | 0.70% |
| Return on Equity (%) | ▲ | 8.47% | +1.37 | 7.10% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.30 | 2.91% |
| Efficiency Ratio (%) | ▲ | 64.62% | -6.64 | 71.26% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.84% | -0.10 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $102 | +8.46 | $94 |
| Gross Loans ($M) | ▲ | $54 | +8.41 | $46 |
| Loan Growth YoY (%) | ▲ | 58.56% | +4.96 | 53.60% |
| Total Deposits ($M) | ▲ | $91 | +7.04 | $84 |
| Shareholders Equity ($M) | ▲ | $11 | +1.26 | $9 |
| Tang. Book Value ($M) | ▲ | $9 | +1.33 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $11 | +1.08 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 58.56% | +4.96 | 53.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.09 | 0.22% |
| Allowance / Loans (%) | — | 1.31% | -0.00% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.13 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▅▆█ | Net Interest Margin (%) | 2.37% | 2.46% | 2.56% | 2.91% | 2.99% | 2.87% | 2.93% | 3.21% |
| ▁▂▃▆████ | Return on Assets (%) | 0.34% | 0.44% | 0.51% | 0.70% | 0.84% | 0.79% | 0.80% | 0.85% |
| █▆▅▆▃▃▁▂ | Efficiency Ratio (%) | 75.6% | 71.4% | 69.3% | 71.3% | 65.4% | 65.5% | 61.6% | 64.6% |
| ██▆▅▅▁▁▁ | Cost of Funds (%) | 2.01% | 2.02% | 1.95% | 1.94% | 1.94% | 1.84% | 1.82% | 1.84% |
| ▁▁▅▅█▃█▇ | NPA / Assets (%) | 0.07% | 0.05% | 0.24% | 0.22% | 0.37% | 0.17% | 0.35% | 0.31% |
| ▁▁▅▅█▄█▆ | Net Charge-Off Ratio (%) | 0.16% | 0.12% | 0.52% | 0.44% | 0.76% | 0.42% | 0.73% | 0.58% |
| ▁▅▂▃▅███ | Tang. Book Value ($M) | $7 | $9 | $8 | $8 | $9 | $9 | $10 | $9 |
| ▁▂▂▃▃▄██ | Gross Loans ($M) | $42 | $44 | $45 | $46 | $46 | $47 | $54 | $54 |
| ▁▁▃▃▁██▅ | Total Deposits ($M) | $77 | $77 | $83 | $84 | $76 | $103 | $103 | $91 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 43% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 4% |