Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.60% | +0.88 | 1.72% |
| Return on Equity (%) | ▲ | 27.16% | +9.69 | 17.47% |
| Net Interest Margin (%) | ▲ | 5.05% | +0.14 | 4.91% |
| Efficiency Ratio (%) | ▲ | 49.94% | -2.44 | 52.38% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.73 | $2 |
| Cost of Funds (%) | ▲ | 1.56% | -0.16 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $511 | +93.10 | $418 |
| Gross Loans ($M) | ▲ | $369 | +42.88 | $326 |
| Loan Growth YoY (%) | ▼ | 78.83% | -6.96 | 85.79% |
| Total Deposits ($M) | ▲ | $460 | +86.37 | $373 |
| Shareholders Equity ($M) | ▲ | $47 | +7.37 | $40 |
| Tang. Book Value ($M) | ▲ | $47 | +7.37 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +9.95 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 78.83% | -6.96 | 85.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.24 | 0.41% |
| Allowance / Loans (%) | — | 1.75% | 0.01% | 1.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.28 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▄▇██▇ | Net Interest Margin (%) | 4.72% | 4.87% | 4.92% | 4.91% | 5.07% | 5.09% | 5.15% | 5.05% |
| ▁▃▃▁▅▅▄█ | Return on Assets (%) | 1.81% | 1.97% | 2.00% | 1.72% | 2.17% | 2.18% | 2.12% | 2.60% |
| ███▅▁▂▄▂ | Efficiency Ratio (%) | 56.4% | 55.9% | 55.4% | 52.4% | 48.1% | 49.2% | 52.1% | 49.9% |
| ███▄▅▄▃▁ | Cost of Funds (%) | 1.91% | 1.91% | 1.87% | 1.72% | 1.77% | 1.70% | 1.67% | 1.56% |
| ▆▂██▃▆▁▂ | NPA / Assets (%) | 0.31% | 0.19% | 0.38% | 0.41% | 0.21% | 0.33% | 0.13% | 0.17% |
| ▅▂▇█▃▆▁▂ | Net Charge-Off Ratio (%) | 0.39% | 0.23% | 0.48% | 0.53% | 0.27% | 0.41% | 0.17% | 0.24% |
| ▁▃▄▃▅▇██ | Tang. Book Value ($M) | $37 | $39 | $41 | $40 | $42 | $45 | $48 | $47 |
| ▁▂▂▃▄▆██ | Gross Loans ($M) | $304 | $314 | $318 | $326 | $332 | $351 | $366 | $369 |
| ▁▁▂▃▃▄▆█ | Total Deposits ($M) | $343 | $345 | $359 | $373 | $376 | $392 | $426 | $460 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 23% |
| Agricultural | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 13% |