Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.54 | 1.54% |
| Return on Equity (%) | ▲ | 18.23% | +3.44 | 14.79% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.44 | 3.42% |
| Efficiency Ratio (%) | ▲ | 48.41% | -5.16 | 53.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 1.85% | -0.28 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $416 | +12.63 | $404 |
| Gross Loans ($M) | ▲ | $313 | +9.86 | $303 |
| Loan Growth YoY (%) | ▼ | 86.14% | -1.76 | 87.91% |
| Total Deposits ($M) | ▲ | $358 | +18.06 | $340 |
| Shareholders Equity ($M) | ▲ | $48 | +5.43 | $43 |
| Tang. Book Value ($M) | ▲ | $48 | +5.43 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +5.47 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 86.14% | -1.76 | 87.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.33 | 0.39% |
| Allowance / Loans (%) | — | 1.31% | 0.06% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.44 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.24% | 3.24% | 3.26% | 3.42% | 3.49% | 3.57% | 3.64% | 3.86% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 1.43% | 1.47% | 1.38% | 1.54% | 1.62% | 1.71% | 1.65% | 2.08% |
| █▇█▅▄▃▅▁ | Efficiency Ratio (%) | 56.8% | 55.5% | 57.6% | 53.6% | 52.5% | 51.1% | 53.8% | 48.4% |
| ▄██▆▄▄▄▁ | Cost of Funds (%) | 2.01% | 2.22% | 2.24% | 2.13% | 2.04% | 2.00% | 2.03% | 1.85% |
| ▁▁▅█▄█▅▁ | NPA / Assets (%) | 0.07% | 0.10% | 0.26% | 0.39% | 0.22% | 0.36% | 0.25% | 0.06% |
| ▂▁▆█▅█▅▂ | Net Charge-Off Ratio (%) | 0.10% | 0.00% | 0.35% | 0.52% | 0.29% | 0.48% | 0.33% | 0.08% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $40 | $43 | $41 | $43 | $44 | $46 | $48 | $48 |
| ▁▂▄▄▆██▆ | Gross Loans ($M) | $283 | $293 | $303 | $303 | $313 | $323 | $325 | $313 |
| ▂▁▁▄▆▆▅█ | Total Deposits ($M) | $330 | $323 | $326 | $340 | $349 | $349 | $344 | $358 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 6% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |