Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.71 | -0.17% |
| Return on Equity (%) | ▲ | 4.05% | +5.27 | -1.22% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.31 | 3.96% |
| Efficiency Ratio (%) | ▲ | 84.52% | -15.38 | 99.90% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.34 | $-0 |
| Cost of Funds (%) | — | 1.32% | 0.00 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $206 | +11.05 | $195 |
| Gross Loans ($M) | ▼ | $105 | -6.79 | $112 |
| Loan Growth YoY (%) | ▼ | 58.95% | -7.54 | 66.49% |
| Total Deposits ($M) | ▲ | $176 | +9.92 | $166 |
| Shareholders Equity ($M) | ▲ | $28 | +1.10 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +1.10 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.21 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 58.95% | -7.54 | 66.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.00 | 0.33% |
| Allowance / Loans (%) | — | 1.05% | -0.03% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.02 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▂▆▇█ | Net Interest Margin (%) | 3.95% | 3.92% | 3.98% | 3.96% | 4.00% | 4.14% | 4.19% | 4.27% |
| ▃▃▅▁█▆▇▇ | Return on Assets (%) | 0.12% | 0.14% | 0.34% | -0.17% | 0.72% | 0.48% | 0.50% | 0.55% |
| ▆▆▄█▁▁▁▂ | Efficiency Ratio (%) | 94.4% | 94.8% | 89.8% | 99.9% | 82.1% | 83.0% | 82.9% | 84.5% |
| ▁▃▆▅███▅ | Cost of Funds (%) | 1.16% | 1.24% | 1.36% | 1.32% | 1.43% | 1.44% | 1.42% | 1.32% |
| ▁▁▁▄█▅▆▄ | NPA / Assets (%) | 0.23% | 0.23% | 0.22% | 0.33% | 0.46% | 0.36% | 0.39% | 0.33% |
| ▁▁▁▁█▁▃▁ | Net Charge-Off Ratio (%) | 0.28% | 0.29% | 0.29% | 0.30% | 0.54% | 0.30% | 0.37% | 0.28% |
| ▁▄▂▄▅██▇ | Tang. Book Value ($M) | $26 | $26 | $26 | $26 | $27 | $28 | $28 | $28 |
| ███▅▆▅▃▁ | Gross Loans ($M) | $116 | $117 | $116 | $112 | $113 | $112 | $109 | $105 |
| ▁▃▃▅▇▇██ | Total Deposits ($M) | $151 | $158 | $161 | $166 | $172 | $172 | $175 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 12% |