Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.43 | 1.16% |
| Return on Equity (%) | ▲ | 17.80% | +4.23 | 13.57% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.49 | 3.01% |
| Efficiency Ratio (%) | ▲ | 56.38% | -7.02 | 63.40% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.20 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $356 | +1.02 | $355 |
| Gross Loans ($M) | ▲ | $256 | +16.41 | $240 |
| Loan Growth YoY (%) | ▲ | 79.56% | +3.89 | 75.67% |
| Total Deposits ($M) | ▲ | $319 | +5.27 | $314 |
| Shareholders Equity ($M) | ▲ | $32 | +1.81 | $30 |
| Tang. Book Value ($M) | ▲ | $32 | +1.81 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +1.27 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 79.56% | +3.89 | 75.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 0.90% | -0.05% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.57% | +0.19 | 13.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.77% | 2.80% | 2.87% | 3.01% | 3.11% | 3.18% | 3.27% | 3.50% |
| ▁▁▂▃▅▆▇█ | Return on Assets (%) | 0.95% | 1.02% | 1.08% | 1.16% | 1.27% | 1.35% | 1.44% | 1.58% |
| █▇▆▆▄▃▂▁ | Efficiency Ratio (%) | 67.4% | 65.3% | 64.5% | 63.4% | 61.4% | 59.9% | 58.5% | 56.4% |
| ▇██▆▆▄▁▁ | Cost of Funds (%) | 1.84% | 1.88% | 1.85% | 1.78% | 1.77% | 1.70% | 1.59% | 1.57% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | 0.04% |
| ▁▃▁▄▅▇▅█ | Tang. Book Value ($M) | $29 | $30 | $29 | $30 | $31 | $32 | $31 | $32 |
| ▁▁▁▃▄▅██ | Gross Loans ($M) | $232 | $231 | $234 | $240 | $242 | $244 | $254 | $256 |
| ▁▁▃▇▇▆██ | Total Deposits ($M) | $297 | $298 | $304 | $314 | $314 | $313 | $318 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 12% |