Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.93% | -0.13 | 3.06% |
| Return on Equity (%) | ▼ | 32.22% | -6.66 | 38.88% |
| Net Interest Margin (%) | ▲ | 6.18% | +0.13 | 6.05% |
| Efficiency Ratio (%) | ▼ | 53.27% | +2.80 | 50.47% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.18 | $3 |
| Cost of Funds (%) | ▼ | 1.90% | +0.28 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $397 | +66.87 | $330 |
| Gross Loans ($M) | ▲ | $304 | +39.00 | $265 |
| Loan Growth YoY (%) | ▲ | 88.60% | +1.97 | 86.63% |
| Total Deposits ($M) | ▲ | $339 | +36.77 | $302 |
| Shareholders Equity ($M) | ▲ | $37 | +9.51 | $27 |
| Tang. Book Value ($M) | ▲ | $36 | +9.55 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +9.39 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 88.60% | +1.97 | 86.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -2.14 | 2.17% |
| Allowance / Loans (%) | — | 1.21% | -0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -2.68 | 2.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.45% | +0.91 | 12.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▅███▆ | Net Interest Margin (%) | 5.01% | 5.58% | 5.78% | 6.05% | 6.68% | 6.84% | 6.67% | 6.18% |
| ▁▃▅▆▇█▇▆ | Return on Assets (%) | 1.85% | 2.48% | 2.77% | 3.06% | 3.32% | 3.53% | 3.25% | 2.93% |
| █▄▃▂▂▁▂▄ | Efficiency Ratio (%) | 61.8% | 54.5% | 51.5% | 50.5% | 49.7% | 47.4% | 50.0% | 53.3% |
| ▃▄▁▁▃▇█▄ | Cost of Funds (%) | 1.85% | 1.89% | 1.63% | 1.62% | 1.83% | 2.12% | 2.25% | 1.90% |
| ▁▁▁█▅▁▁▁ | NPA / Assets (%) | 0.18% | 0.00% | 0.00% | 2.17% | 1.10% | 0.01% | 0.01% | 0.03% |
| ▁▁▁█▅▁▁▁ | Net Charge-Off Ratio (%) | 0.24% | 0.00% | 0.00% | 2.70% | 1.39% | 0.02% | 0.00% | 0.02% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $20 | $24 | $24 | $27 | $30 | $33 | $33 | $36 |
| ▁▁▃▄▇███ | Gross Loans ($M) | $228 | $236 | $252 | $265 | $293 | $305 | $308 | $304 |
| ▁▁▃▃▄▁▄█ | Total Deposits ($M) | $288 | $281 | $298 | $302 | $304 | $281 | $310 | $339 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 32% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 16% |