Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.09 | 1.88% |
| Return on Equity (%) | ▲ | 23.97% | +0.19 | 23.78% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.13 | 4.26% |
| Efficiency Ratio (%) | ▲ | 50.54% | -3.14 | 53.67% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.64 | $3 |
| Cost of Funds (%) | ▲ | 1.72% | -0.22 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $685 | +63.47 | $622 |
| Gross Loans ($M) | ▲ | $517 | +42.00 | $475 |
| Loan Growth YoY (%) | ▼ | 81.91% | -0.58 | 82.50% |
| Total Deposits ($M) | ▲ | $622 | +54.75 | $568 |
| Shareholders Equity ($M) | ▲ | $55 | +4.80 | $50 |
| Tang. Book Value ($M) | ▲ | $55 | +4.80 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +4.96 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 81.91% | -0.58 | 82.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.00 | 0.07% |
| Allowance / Loans (%) | — | 1.49% | -0.03% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.00 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▇███ | Net Interest Margin (%) | 3.59% | 3.77% | 3.90% | 4.26% | 4.31% | 4.41% | 4.45% | 4.40% |
| ▁▂▃▄▇██▅ | Return on Assets (%) | 1.54% | 1.65% | 1.76% | 1.88% | 2.12% | 2.17% | 2.24% | 1.97% |
| █▆▅▄▂▁▁▂ | Efficiency Ratio (%) | 59.1% | 56.1% | 54.3% | 53.7% | 50.8% | 49.0% | 48.7% | 50.5% |
| █▇▄▄▃▃▂▁ | Cost of Funds (%) | 2.22% | 2.13% | 1.97% | 1.95% | 1.87% | 1.85% | 1.79% | 1.72% |
| ▂▁▁█▇█▇█ | NPA / Assets (%) | 0.03% | 0.03% | 0.02% | 0.07% | 0.07% | 0.07% | 0.06% | 0.07% |
| ▃▂▁███▇█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.02% | 0.09% | 0.08% | 0.09% | 0.08% | 0.09% |
| ▁▃▃▄▅▇█▇ | Tang. Book Value ($M) | $45 | $49 | $49 | $50 | $52 | $55 | $58 | $55 |
| ▁▁▃▃▇███ | Gross Loans ($M) | $451 | $460 | $471 | $475 | $515 | $525 | $525 | $517 |
| ▁▂▃▂▄▇██ | Total Deposits ($M) | $552 | $565 | $573 | $568 | $579 | $608 | $622 | $622 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |