Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.19 | 0.91% |
| Return on Equity (%) | ▲ | 9.51% | +1.19 | 8.32% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.11 | 2.85% |
| Efficiency Ratio (%) | ▲ | 50.32% | -3.89 | 54.21% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▼ | 2.03% | +0.01 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $478 | +34.44 | $443 |
| Gross Loans ($M) | ▲ | $334 | +29.54 | $305 |
| Loan Growth YoY (%) | ▼ | 86.37% | -0.94 | 87.32% |
| Total Deposits ($M) | ▲ | $383 | +37.49 | $345 |
| Shareholders Equity ($M) | ▲ | $56 | +5.70 | $50 |
| Tang. Book Value ($M) | ▲ | $56 | +5.70 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +5.66 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 86.37% | -0.94 | 87.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.25 | 0.05% |
| Allowance / Loans (%) | — | 1.10% | 0.03% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.36 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 2.61% | 2.62% | 2.67% | 2.85% | 2.92% | 2.95% | 2.97% | 2.96% |
| ▁▁▂▄▆▆▆█ | Return on Assets (%) | 0.76% | 0.73% | 0.81% | 0.91% | 0.99% | 0.99% | 1.01% | 1.11% |
| ██▆▃▃▂▂▁ | Efficiency Ratio (%) | 63.5% | 64.9% | 60.7% | 54.2% | 54.0% | 53.7% | 53.7% | 50.3% |
| ▁▇▇▇█▇██ | Cost of Funds (%) | 1.90% | 2.02% | 2.03% | 2.02% | 2.04% | 2.02% | 2.03% | 2.03% |
| ▁▁▁▁▂▂▂█ | NPA / Assets (%) | 0.05% | 0.06% | 0.04% | 0.05% | 0.09% | 0.10% | 0.08% | 0.30% |
| ▁▁▁▁▂▂▂█ | Net Charge-Off Ratio (%) | 0.08% | 0.09% | 0.06% | 0.07% | 0.13% | 0.14% | 0.11% | 0.43% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $45 | $50 | $47 | $50 | $51 | $54 | $56 | $56 |
| ▁▂▄▄▅▆██ | Gross Loans ($M) | $277 | $285 | $300 | $305 | $309 | $317 | $331 | $334 |
| ▁▁▃▃▄▅██ | Total Deposits ($M) | $324 | $328 | $342 | $345 | $350 | $357 | $376 | $383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |