Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.40 | 0.69% |
| Return on Equity (%) | ▲ | 9.68% | +2.62 | 7.06% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.38 | 2.61% |
| Efficiency Ratio (%) | ▲ | 56.15% | -12.84 | 68.99% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.59 | $1 |
| Cost of Funds (%) | ▲ | 1.90% | -0.29 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $430 | +18.74 | $411 |
| Gross Loans ($M) | ▲ | $237 | +15.21 | $222 |
| Loan Growth YoY (%) | ▲ | 61.41% | +2.40 | 59.01% |
| Total Deposits ($M) | ▲ | $378 | +10.41 | $368 |
| Shareholders Equity ($M) | ▲ | $48 | +7.09 | $41 |
| Tang. Book Value ($M) | ▲ | $48 | +7.09 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +7.13 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 61.41% | +2.40 | 59.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.18 | 0.12% |
| Allowance / Loans (%) | — | 1.99% | -0.14% | 2.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.31 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.23% | 2.25% | 2.31% | 2.61% | 2.69% | 2.73% | 2.80% | 2.99% |
| ▁▁▁▃▅▅▆█ | Return on Assets (%) | 0.45% | 0.49% | 0.51% | 0.69% | 0.78% | 0.80% | 0.87% | 1.09% |
| ██▇▅▄▄▃▁ | Efficiency Ratio (%) | 78.4% | 76.5% | 75.6% | 69.0% | 65.3% | 65.1% | 62.6% | 56.1% |
| ▇█▇▅▅▄▃▁ | Cost of Funds (%) | 2.35% | 2.49% | 2.41% | 2.20% | 2.20% | 2.18% | 2.09% | 1.90% |
| ▂▁▆▂▂▆▆█ | NPA / Assets (%) | 0.11% | 0.07% | 0.24% | 0.12% | 0.12% | 0.22% | 0.22% | 0.30% |
| ▂▁▆▂▂▅▅█ | Net Charge-Off Ratio (%) | 0.20% | 0.13% | 0.43% | 0.23% | 0.22% | 0.38% | 0.34% | 0.53% |
| ▁▄▁▃▃▇██ | Tang. Book Value ($M) | $38 | $42 | $38 | $41 | $42 | $46 | $47 | $48 |
| ▁▃▄▁▄▇█▆ | Gross Loans ($M) | $224 | $229 | $231 | $222 | $232 | $240 | $244 | $237 |
| ▂▁▄▄▆▁▃█ | Total Deposits ($M) | $363 | $361 | $367 | $368 | $372 | $361 | $367 | $378 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 6% |
| Agricultural | 16% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |