Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.35% | -0.08 | 0.43% |
| Return on Equity (%) | ▼ | 5.23% | -1.79 | 7.02% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.53 | 2.50% |
| Efficiency Ratio (%) | ▲ | 79.08% | -4.75 | 83.83% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $0 |
| Cost of Funds (%) | ▲ | 2.28% | -0.18 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $345 | +6.56 | $338 |
| Gross Loans ($M) | ▲ | $242 | +16.48 | $225 |
| Loan Growth YoY (%) | ▲ | 75.88% | +2.02 | 73.86% |
| Total Deposits ($M) | ▲ | $315 | +13.42 | $301 |
| Shareholders Equity ($M) | ▲ | $23 | +2.04 | $21 |
| Tang. Book Value ($M) | ▲ | $23 | +2.04 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +1.57 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 75.88% | +2.02 | 73.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.12% | 0.01% | 1.10% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.15% | -0.09 | 11.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.15% | 2.16% | 2.21% | 2.50% | 2.64% | 2.69% | 2.74% | 3.02% |
| ▇▃▅▄▄▆█▁ | Return on Assets (%) | 0.49% | 0.41% | 0.45% | 0.43% | 0.42% | 0.46% | 0.52% | 0.35% |
| ██▆▅▃▃▁▁ | Efficiency Ratio (%) | 86.9% | 88.0% | 85.2% | 83.8% | 82.1% | 81.4% | 80.1% | 79.1% |
| █▆▅▃▃▃▂▁ | Cost of Funds (%) | 2.90% | 2.71% | 2.59% | 2.46% | 2.50% | 2.50% | 2.43% | 2.28% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▅▁▂▂▆██ | Tang. Book Value ($M) | $21 | $22 | $20 | $21 | $21 | $22 | $23 | $23 |
| ▁▁▃▅█▆▇█ | Gross Loans ($M) | $205 | $204 | $214 | $225 | $238 | $228 | $233 | $242 |
| ▁▃▃▅▇█▇█ | Total Deposits ($M) | $284 | $292 | $292 | $301 | $312 | $317 | $311 | $315 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 6% |
| Agricultural | 14% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 31% |