Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.46% | +0.36 | 0.10% |
| Return on Equity (%) | ▲ | 5.06% | +3.96 | 1.10% |
| Net Interest Margin (%) | ▲ | 4.82% | +0.33 | 4.49% |
| Efficiency Ratio (%) | ▲ | 87.41% | -9.97 | 97.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.53 | $0 |
| Cost of Funds (%) | ▼ | 1.28% | +0.01 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $405 | +21.42 | $383 |
| Gross Loans ($M) | ▲ | $312 | +29.97 | $283 |
| Loan Growth YoY (%) | ▲ | 84.86% | +3.85 | 81.01% |
| Total Deposits ($M) | ▲ | $365 | +19.45 | $346 |
| Shareholders Equity ($M) | ▲ | $37 | +1.71 | $35 |
| Tang. Book Value ($M) | ▲ | $34 | +1.92 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 84.86% | +3.85 | 81.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.26 | 0.15% |
| Allowance / Loans (%) | — | 0.87% | -0.04% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.32 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▄▆▁▃▃▆█ | Net Interest Margin (%) | 4.71% | 4.64% | 4.73% | 4.49% | 4.58% | 4.58% | 4.70% | 4.82% |
| ██▆▁▂▄▅▆ | Return on Assets (%) | 0.62% | 0.56% | 0.47% | 0.10% | 0.23% | 0.31% | 0.38% | 0.46% |
| ▁▁▃█▆▅▄▃ | Efficiency Ratio (%) | 83.1% | 84.7% | 87.1% | 97.4% | 93.7% | 91.4% | 88.7% | 87.4% |
| ▃▃█▂▁▄█▃ | Cost of Funds (%) | 1.29% | 1.30% | 1.42% | 1.27% | 1.23% | 1.30% | 1.41% | 1.28% |
| ▂▁▁▁▂▄█▇ | NPA / Assets (%) | 0.22% | 0.17% | 0.16% | 0.15% | 0.20% | 0.31% | 0.47% | 0.41% |
| ▂▁▁▁▂▅█▇ | Net Charge-Off Ratio (%) | 0.29% | 0.24% | 0.21% | 0.20% | 0.28% | 0.46% | 0.62% | 0.52% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $31 | $31 | $32 | $32 | $32 | $33 | $33 | $34 |
| ▁▂▁▂▄▅██ | Gross Loans ($M) | $277 | $283 | $277 | $283 | $295 | $295 | $311 | $312 |
| ▁▅▂▃▅█▅▄ | Total Deposits ($M) | $325 | $371 | $339 | $346 | $372 | $405 | $374 | $365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 3% |