Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.22 | 1.26% |
| Return on Equity (%) | ▲ | 21.75% | +0.53 | 21.22% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.10 | 3.40% |
| Efficiency Ratio (%) | ▲ | 54.33% | -7.78 | 62.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 2.14% | -0.12 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $300 | +38.93 | $262 |
| Gross Loans ($M) | ▲ | $189 | +31.16 | $158 |
| Loan Growth YoY (%) | ▲ | 67.98% | +3.70 | 64.28% |
| Total Deposits ($M) | ▲ | $276 | +32.56 | $244 |
| Shareholders Equity ($M) | ▲ | $20 | +3.88 | $16 |
| Tang. Book Value ($M) | ▲ | $20 | +3.88 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.88 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 67.98% | +3.70 | 64.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.03 | 0.01% |
| Allowance / Loans (%) | — | 0.81% | -0.15% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.05 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▆██▆ | Net Interest Margin (%) | 3.38% | 3.40% | 3.39% | 3.40% | 3.49% | 3.54% | 3.55% | 3.50% |
| ▁▁▁▁▄▆██ | Return on Assets (%) | 1.26% | 1.28% | 1.28% | 1.26% | 1.35% | 1.41% | 1.48% | 1.48% |
| ████▆▅▄▁ | Efficiency Ratio (%) | 62.2% | 62.1% | 62.8% | 62.1% | 60.1% | 59.0% | 57.5% | 54.3% |
| █▇▇▄▄▄▂▁ | Cost of Funds (%) | 2.41% | 2.35% | 2.35% | 2.25% | 2.26% | 2.26% | 2.18% | 2.14% |
| ▁▁▁▁██▄▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.30% | 0.27% | 0.15% | 0.05% |
| ▁▁▁▁█▇▄▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.50% | 0.42% | 0.23% | 0.07% |
| ▁▄▁▃▄▇██ | Tang. Book Value ($M) | $14 | $17 | $15 | $16 | $17 | $19 | $20 | $20 |
| ▁▁▁▂▃▆██ | Gross Loans ($M) | $150 | $148 | $151 | $158 | $161 | $177 | $193 | $189 |
| ▁▃▄▃▄▆██ | Total Deposits ($M) | $227 | $240 | $251 | $244 | $247 | $258 | $275 | $276 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 13% |
| Agricultural | 27% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 24% |