Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.49% | +0.25 | 0.24% |
| Return on Equity (%) | ▲ | 5.27% | +2.45 | 2.82% |
| Net Interest Margin (%) | ▲ | 2.74% | +0.62 | 2.12% |
| Efficiency Ratio (%) | ▲ | 67.49% | -17.37 | 84.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.43 | $0 |
| Cost of Funds (%) | ▲ | 2.63% | -0.33 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $293 | +22.15 | $271 |
| Gross Loans ($M) | ▲ | $114 | +22.44 | $91 |
| Loan Growth YoY (%) | ▲ | 51.39% | +9.93 | 41.46% |
| Total Deposits ($M) | ▲ | $219 | +1.39 | $218 |
| Shareholders Equity ($M) | ▲ | $27 | +3.11 | $24 |
| Tang. Book Value ($M) | ▲ | $27 | +3.11 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +3.17 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 51.39% | +9.93 | 41.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.33 | 0.36% |
| Allowance / Loans (%) | — | 0.94% | -0.13% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.95 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 1.14% | 1.16% | 1.31% | 2.12% | 2.25% | 2.40% | 2.47% | 2.74% |
| ▄▃▁▇████ | Return on Assets (%) | -0.18% | -0.22% | -0.59% | 0.24% | 0.41% | 0.47% | 0.48% | 0.49% |
| ██▇▃▂▂▁▁ | Efficiency Ratio (%) | 116.1% | 116.1% | 106.6% | 84.9% | 77.4% | 74.9% | 70.5% | 67.5% |
| ▇▇█▃▂▂▁▁ | Cost of Funds (%) | 3.55% | 3.57% | 3.73% | 2.96% | 2.86% | 2.78% | 2.68% | 2.63% |
| ▁▂▂█▁▁▂▁ | NPA / Assets (%) | 0.05% | 0.08% | 0.10% | 0.36% | 0.02% | 0.04% | 0.09% | 0.02% |
| ▁▁▁█▁▁▂▁ | Net Charge-Off Ratio (%) | 0.06% | 0.15% | 0.12% | 1.01% | 0.07% | 0.11% | 0.21% | 0.05% |
| ▃█▁▂▁▄▆▅ | Tang. Book Value ($M) | $25 | $30 | $22 | $24 | $22 | $26 | $28 | $27 |
| ▁▁▂▂▃▅██ | Gross Loans ($M) | $85 | $87 | $90 | $91 | $93 | $100 | $112 | $114 |
| ███▅▁▅▆▆ | Total Deposits ($M) | $228 | $230 | $230 | $218 | $200 | $217 | $221 | $219 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 18% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 28% |