Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.35 | 0.82% |
| Return on Equity (%) | ▲ | 11.68% | +2.42 | 9.26% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.60 | 2.75% |
| Efficiency Ratio (%) | ▲ | 62.61% | -8.07 | 70.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.19 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $307 | +3.27 | $304 |
| Gross Loans ($M) | ▲ | $176 | +2.45 | $173 |
| Loan Growth YoY (%) | ▲ | 71.56% | +1.21 | 70.35% |
| Total Deposits ($M) | ▼ | $243 | -0.94 | $244 |
| Shareholders Equity ($M) | ▲ | $31 | +3.71 | $27 |
| Tang. Book Value ($M) | ▲ | $31 | +3.71 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.51 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 71.56% | +1.21 | 70.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.13% | 0.09% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.39% | +1.75 | 15.64% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.55% | 2.58% | 2.62% | 2.75% | 2.85% | 2.97% | 3.04% | 3.35% |
| ▁▁▂▂▄▅▅█ | Return on Assets (%) | 0.72% | 0.74% | 0.78% | 0.82% | 0.90% | 0.97% | 0.99% | 1.17% |
| ██▇▆▄▂▂▁ | Efficiency Ratio (%) | 75.0% | 74.1% | 72.7% | 70.7% | 67.3% | 64.9% | 64.9% | 62.6% |
| ▄▆█▅▄█▂▁ | Cost of Funds (%) | 1.84% | 1.90% | 1.99% | 1.88% | 1.80% | 1.96% | 1.73% | 1.69% |
| ▁▁▁▂█▃▂▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.05% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▁█▂▂▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.10% | 0.02% | 0.02% | 0.02% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $25 | $27 | $26 | $27 | $28 | $30 | $31 | $31 |
| ▁▁▃▅▄▅█▆ | Gross Loans ($M) | $167 | $167 | $171 | $173 | $171 | $173 | $179 | $176 |
| ▁▆▅▅█▄▅▅ | Total Deposits ($M) | $229 | $245 | $244 | $244 | $255 | $241 | $245 | $243 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 4% |
| Agricultural | 6% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 2% |