Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.15 | 1.12% |
| Return on Equity (%) | ▲ | 15.33% | +0.50 | 14.83% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.54 | 3.94% |
| Efficiency Ratio (%) | ▲ | 68.56% | -1.00 | 69.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 1.18% | -0.49 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $382 | +49.62 | $332 |
| Gross Loans ($M) | ▲ | $227 | +10.20 | $217 |
| Loan Growth YoY (%) | ▼ | 64.51% | -10.34 | 74.85% |
| Total Deposits ($M) | ▲ | $348 | +61.75 | $286 |
| Shareholders Equity ($M) | ▲ | $32 | +6.41 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +3.41 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +4.33 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 64.51% | -10.34 | 74.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.13% | -0.06% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.03 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 3.43% | 3.52% | 3.65% | 3.94% | 4.05% | 4.22% | 4.27% | 4.48% |
| ▅▅▆▇▇█▁█ | Return on Assets (%) | 0.77% | 0.82% | 0.88% | 1.12% | 1.13% | 1.14% | 0.20% | 1.27% |
| █▇▅▂▂▂▁▁ | Efficiency Ratio (%) | 75.5% | 74.3% | 72.6% | 69.6% | 69.2% | 70.0% | 68.2% | 68.6% |
| ███▆▃▂▁▁ | Cost of Funds (%) | 1.94% | 1.88% | 1.87% | 1.67% | 1.46% | 1.28% | 1.26% | 1.18% |
| ▁▁▁▁███▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.02% | 0.06% | 0.73% | 0.69% | 0.64% | 0.04% |
| ▁▁▁▁███▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.04% | 0.10% | 1.15% | 1.14% | 1.10% | 0.07% |
| ▁▄▂▃▆█▆▇ | Tang. Book Value ($M) | $24 | $26 | $25 | $26 | $28 | $30 | $28 | $29 |
| ▁▃▄▅█▇▆▇ | Gross Loans ($M) | $196 | $205 | $212 | $217 | $232 | $225 | $223 | $227 |
| ▁▁▂▂▇▇██ | Total Deposits ($M) | $265 | $268 | $283 | $286 | $334 | $338 | $350 | $348 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 16% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 10% |