Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.36% | +0.14 | 3.22% |
| Return on Equity (%) | ▼ | 11.38% | -0.28 | 11.66% |
| Net Interest Margin (%) | ▲ | 5.21% | +0.37 | 4.84% |
| Efficiency Ratio (%) | ▲ | 16.78% | -1.13 | 17.91% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.42 | $3 |
| Cost of Funds (%) | ▲ | 1.44% | -0.18 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +6.64 | $353 |
| Gross Loans ($M) | ▲ | $318 | +13.96 | $304 |
| Loan Growth YoY (%) | ▲ | 140.97% | +1.12 | 139.84% |
| Total Deposits ($M) | ▲ | $224 | +8.18 | $216 |
| Shareholders Equity ($M) | ▲ | $111 | +11.56 | $99 |
| Tang. Book Value ($M) | ▲ | $111 | +11.56 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +11.36 | $101 |
| Loan / Deposit Ratio (%) | ▲ | 140.97% | +1.12 | 139.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.25 | 0.31% |
| Allowance / Loans (%) | — | 0.65% | -0.03% | 0.68% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.27 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇██ | Net Interest Margin (%) | 4.35% | 4.40% | 4.43% | 4.84% | 4.95% | 5.06% | 5.10% | 5.21% |
| ▁▁▆▇▇█▆█ | Return on Assets (%) | 2.56% | 2.65% | 3.07% | 3.22% | 3.19% | 3.27% | 3.12% | 3.36% |
| █▆▇▄▃▃▃▁ | Efficiency Ratio (%) | 19.6% | 18.9% | 19.2% | 17.9% | 17.8% | 17.6% | 17.7% | 16.8% |
| ▇█▆▄▄▄▁▁ | Cost of Funds (%) | 1.77% | 1.84% | 1.72% | 1.61% | 1.61% | 1.62% | 1.47% | 1.44% |
| ▁▁▁▃▆▆█▆ | NPA / Assets (%) | 0.10% | 0.11% | 0.09% | 0.31% | 0.58% | 0.56% | 0.77% | 0.57% |
| ▁▁▁▃▆▆█▆ | Net Charge-Off Ratio (%) | 0.06% | 0.03% | 0.03% | 0.31% | 0.63% | 0.61% | 0.88% | 0.59% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $90 | $93 | $97 | $99 | $102 | $105 | $108 | $111 |
| ▁▂▄▆▆▇██ | Gross Loans ($M) | $271 | $280 | $294 | $304 | $304 | $311 | $317 | $318 |
| ▁▁▅▂▂▄█▄ | Total Deposits ($M) | $207 | $208 | $234 | $216 | $217 | $223 | $250 | $224 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |