Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.63 | 1.22% |
| Return on Equity (%) | ▲ | 15.95% | +4.54 | 11.41% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.32 | 3.93% |
| Efficiency Ratio (%) | ▲ | 55.98% | -9.68 | 65.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 2.11% | -0.44 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $144 | +9.80 | $134 |
| Gross Loans ($M) | ▲ | $105 | +3.29 | $102 |
| Loan Growth YoY (%) | ▲ | 89.93% | +1.16 | 88.78% |
| Total Deposits ($M) | ▲ | $115 | +2.60 | $112 |
| Shareholders Equity ($M) | ▲ | $17 | +2.20 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +2.20 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.32 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 89.93% | +1.16 | 88.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -2.54 | 2.64% |
| Allowance / Loans (%) | — | 1.71% | -0.39% | 2.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -3.34 | 3.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▇█▆ | Net Interest Margin (%) | 3.76% | 3.77% | 3.73% | 3.93% | 4.01% | 4.37% | 4.56% | 4.25% |
| ▁▁▁▄▅▇▇█ | Return on Assets (%) | 0.76% | 0.80% | 0.69% | 1.22% | 1.32% | 1.68% | 1.60% | 1.85% |
| ▇██▇▅▂▅▁ | Efficiency Ratio (%) | 65.3% | 66.8% | 67.2% | 65.7% | 62.9% | 58.7% | 62.7% | 56.0% |
| ▇██▆▂▃▂▁ | Cost of Funds (%) | 2.58% | 2.72% | 2.68% | 2.55% | 2.25% | 2.33% | 2.26% | 2.11% |
| ▇▇███▅▁▁ | NPA / Assets (%) | 2.23% | 2.20% | 2.64% | 2.64% | 2.51% | 1.61% | 0.16% | 0.10% |
| ▇▇███▅▁▁ | Net Charge-Off Ratio (%) | 2.95% | 2.86% | 3.55% | 3.48% | 3.37% | 2.19% | 0.21% | 0.14% |
| ▁▂▁▂▃▆▇█ | Tang. Book Value ($M) | $14 | $15 | $14 | $15 | $15 | $16 | $16 | $17 |
| ▄▃▁▁▄▅█▅ | Gross Loans ($M) | $104 | $104 | $102 | $102 | $104 | $105 | $108 | $105 |
| ▆▁▆▄▅███ | Total Deposits ($M) | $113 | $110 | $113 | $112 | $112 | $114 | $114 | $115 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 8% |
| Agricultural | 31% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |