Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.43 | 0.07% |
| Return on Equity (%) | ▲ | 7.70% | +6.59 | 1.11% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.52 | 3.18% |
| Efficiency Ratio (%) | ▲ | 80.75% | -17.16 | 97.91% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.42 | $0 |
| Cost of Funds (%) | ▲ | 2.23% | -0.13 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $260 | +15.33 | $244 |
| Gross Loans ($M) | ▲ | $221 | +16.57 | $204 |
| Loan Growth YoY (%) | ▲ | 91.61% | +0.77 | 90.84% |
| Total Deposits ($M) | ▲ | $239 | +16.14 | $223 |
| Shareholders Equity ($M) | ▲ | $17 | +1.23 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.25 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +1.21 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 91.61% | +0.77 | 90.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.39 | 0.14% |
| Allowance / Loans (%) | — | 0.70% | -0.03% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.45 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.33% | +0.13 | 10.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 3.05% | 3.06% | 3.07% | 3.18% | 3.25% | 3.31% | 3.39% | 3.70% |
| ▁▁▁▁▂▄▆█ | Return on Assets (%) | 0.09% | 0.10% | 0.07% | 0.07% | 0.18% | 0.23% | 0.35% | 0.50% |
| ████▆▅▄▁ | Efficiency Ratio (%) | 99.3% | 98.0% | 98.4% | 97.9% | 93.9% | 91.4% | 88.1% | 80.7% |
| ▄▇█▄▄▄▃▁ | Cost of Funds (%) | 2.38% | 2.48% | 2.56% | 2.36% | 2.37% | 2.37% | 2.35% | 2.23% |
| ▁▃▄▁▃█▇▇ | NPA / Assets (%) | 0.14% | 0.29% | 0.34% | 0.14% | 0.28% | 0.58% | 0.50% | 0.52% |
| ▁▃▄▁▃█▇▇ | Net Charge-Off Ratio (%) | 0.17% | 0.35% | 0.41% | 0.16% | 0.33% | 0.68% | 0.58% | 0.61% |
| ▃▇▁▁▁▅██ | Tang. Book Value ($M) | $16 | $17 | $16 | $16 | $16 | $16 | $17 | $17 |
| ▁▁▁▄▅███ | Gross Loans ($M) | $191 | $192 | $193 | $204 | $210 | $220 | $224 | $221 |
| ▁▂▂▄▅█▇█ | Total Deposits ($M) | $206 | $211 | $214 | $223 | $228 | $243 | $238 | $239 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 15% |