Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.31% | +0.46 | 1.85% |
| Return on Equity (%) | ▲ | 24.04% | +2.33 | 21.71% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.44 | 4.09% |
| Efficiency Ratio (%) | ▲ | 52.88% | -5.06 | 57.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.18% | -0.21 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $193 | +11.14 | $182 |
| Gross Loans ($M) | ▲ | $128 | +9.47 | $119 |
| Loan Growth YoY (%) | ▲ | 73.07% | +1.84 | 71.23% |
| Total Deposits ($M) | ▲ | $174 | +8.22 | $165 |
| Shareholders Equity ($M) | ▲ | $19 | +2.83 | $16 |
| Tang. Book Value ($M) | ▲ | $19 | +2.83 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +3.11 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 73.07% | +1.84 | 71.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.28 | 0.03% |
| Allowance / Loans (%) | — | 1.03% | 0.28% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.43 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆███ | Net Interest Margin (%) | 3.90% | 3.90% | 3.95% | 4.09% | 4.34% | 4.47% | 4.52% | 4.53% |
| ▁▁▁▃▁▃▄█ | Return on Assets (%) | 1.63% | 1.59% | 1.63% | 1.85% | 1.58% | 1.82% | 1.92% | 2.31% |
| ▇█▇▅▃▂▂▁ | Efficiency Ratio (%) | 60.2% | 61.4% | 59.8% | 57.9% | 55.3% | 54.6% | 55.0% | 52.9% |
| ▄██▆▂▁▁▁ | Cost of Funds (%) | 1.32% | 1.49% | 1.48% | 1.38% | 1.25% | 1.20% | 1.20% | 1.18% |
| ▁▁▁▁▂▂▂█ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.03% | 0.09% | 0.09% | 0.07% | 0.32% |
| ▁▁▁▁▂▂▂█ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.03% | 0.05% | 0.13% | 0.14% | 0.11% | 0.48% |
| ▁▃▃▄▄▆▇█ | Tang. Book Value ($M) | $13 | $15 | $15 | $16 | $16 | $17 | $18 | $19 |
| ▁▂▃▄▆▆▇█ | Gross Loans ($M) | $109 | $112 | $115 | $119 | $122 | $123 | $124 | $128 |
| ▁▃▄▅▄▅▇█ | Total Deposits ($M) | $156 | $161 | $164 | $165 | $164 | $165 | $169 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 17% |