Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +0.24 | 0.69% |
| Return on Equity (%) | ▲ | 9.55% | +1.61 | 7.94% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.21 | 3.40% |
| Efficiency Ratio (%) | ▲ | 62.04% | -9.51 | 71.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 2.42% | -0.41 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $335 | +60.38 | $275 |
| Gross Loans ($M) | ▲ | $246 | +46.09 | $200 |
| Loan Growth YoY (%) | ▼ | 80.76% | -1.78 | 82.54% |
| Total Deposits ($M) | ▲ | $300 | +62.16 | $238 |
| Shareholders Equity ($M) | ▲ | $33 | +9.30 | $24 |
| Tang. Book Value ($M) | ▲ | $29 | +7.14 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +7.30 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 80.76% | -1.78 | 82.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.14 | 0.00% |
| Allowance / Loans (%) | — | 1.34% | -0.24% | 1.57% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.18 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.19% | +0.75 | 10.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆█▇█ | Net Interest Margin (%) | 3.26% | 3.27% | 3.28% | 3.40% | 3.50% | 3.57% | 3.54% | 3.61% |
| ▁▁▂▂▅▇██ | Return on Assets (%) | 0.62% | 0.60% | 0.66% | 0.69% | 0.81% | 0.86% | 0.94% | 0.93% |
| ██▇▆▄▃▂▁ | Efficiency Ratio (%) | 74.0% | 75.0% | 73.1% | 71.5% | 68.1% | 66.9% | 65.1% | 62.0% |
| ██▇▆▅▆▁▁ | Cost of Funds (%) | 2.97% | 2.98% | 2.86% | 2.82% | 2.76% | 2.81% | 2.41% | 2.42% |
| ▁▁▁▁▁▅█▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.08% | 0.16% | 0.14% |
| ▁▁▁▁▁▅██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.10% | 0.21% | 0.18% |
| ▁▁▁▂▃▄██ | Tang. Book Value ($M) | $21 | $22 | $22 | $22 | $24 | $24 | $29 | $29 |
| ▁▁▂▃▃▅██ | Gross Loans ($M) | $177 | $179 | $192 | $200 | $205 | $218 | $255 | $246 |
| ▁▁▁▂▂▄██ | Total Deposits ($M) | $229 | $236 | $234 | $238 | $242 | $260 | $296 | $300 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 9% |
| Agricultural | 54% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 20% |