Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.16 | 0.86% |
| Return on Equity (%) | ▲ | 10.65% | +1.41 | 9.24% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.40 | 3.94% |
| Efficiency Ratio (%) | ▲ | 67.75% | -2.68 | 70.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▲ | 0.71% | -0.05 | 0.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $405 | +3.20 | $402 |
| Gross Loans ($M) | ▲ | $297 | +34.58 | $262 |
| Loan Growth YoY (%) | ▲ | 82.36% | +10.40 | 71.97% |
| Total Deposits ($M) | ▼ | $357 | -4.01 | $361 |
| Shareholders Equity ($M) | ▼ | $38 | -0.65 | $38 |
| Tang. Book Value ($M) | ▼ | $38 | -0.65 | $38 |
| TBV excl. AOCI ($M)** | ▼ | $42 | -1.89 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 82.36% | +10.40 | 71.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.08 | 0.02% |
| Allowance / Loans (%) | — | 1.00% | 0.00% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.11 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.30% | -1.84 | 15.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▅█ | Net Interest Margin (%) | 3.86% | 3.89% | 3.91% | 3.94% | 4.00% | 4.11% | 4.16% | 4.35% |
| ▁▁▂▁▆██▇ | Return on Assets (%) | 0.86% | 0.86% | 0.90% | 0.86% | 0.98% | 1.02% | 1.04% | 1.01% |
| ██▆▇▁▁▁▃ | Efficiency Ratio (%) | 71.5% | 70.9% | 69.8% | 70.4% | 65.9% | 65.6% | 65.8% | 67.8% |
| ▅█▄▃▅▆▂▁ | Cost of Funds (%) | 0.80% | 0.87% | 0.77% | 0.76% | 0.81% | 0.81% | 0.74% | 0.71% |
| ▁█▂▂▁▁▁▇ | NPA / Assets (%) | 0.00% | 0.12% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.10% |
| ▁█▂▂▁▁▁▆ | Net Charge-Off Ratio (%) | 0.00% | 0.18% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.13% |
| ▁▄▃▅▅▇█▅ | Tang. Book Value ($M) | $34 | $37 | $36 | $38 | $38 | $40 | $42 | $38 |
| ▁▁▁▂▆▇▇█ | Gross Loans ($M) | $260 | $256 | $256 | $262 | $286 | $289 | $288 | $297 |
| ▁▁▃▂▃▄█▁ | Total Deposits ($M) | $358 | $360 | $366 | $361 | $367 | $369 | $385 | $357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 5% |