Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.37 | 1.10% |
| Return on Equity (%) | ▼ | 17.46% | -0.47 | 17.93% |
| Net Interest Margin (%) | ▲ | 2.92% | +0.27 | 2.65% |
| Efficiency Ratio (%) | ▲ | 47.71% | -6.24 | 53.95% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.22 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $335 | +7.50 | $327 |
| Gross Loans ($M) | ▲ | $164 | +7.44 | $156 |
| Loan Growth YoY (%) | ▲ | 53.37% | +2.17 | 51.20% |
| Total Deposits ($M) | ▲ | $305 | +1.46 | $303 |
| Shareholders Equity ($M) | ▲ | $27 | +6.76 | $20 |
| Tang. Book Value ($M) | ▲ | $27 | +7.06 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +6.86 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 53.37% | +2.17 | 51.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.25 | 0.01% |
| Allowance / Loans (%) | — | 0.67% | 0.03% | 0.64% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.51 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 2.48% | 2.47% | 2.47% | 2.65% | 2.78% | 2.82% | 2.82% | 2.92% |
| ▃▂▁▄▆▇▅█ | Return on Assets (%) | 1.01% | 0.95% | 0.84% | 1.10% | 1.30% | 1.34% | 1.22% | 1.47% |
| ▅▆█▄▂▁▃▁ | Efficiency Ratio (%) | 57.0% | 59.0% | 63.2% | 53.9% | 49.8% | 49.2% | 52.8% | 47.7% |
| ▅█▅▄▄▄▁▁ | Cost of Funds (%) | 1.79% | 2.03% | 1.81% | 1.72% | 1.74% | 1.73% | 1.56% | 1.50% |
| ▁▁▁▁▁█▅█ | NPA / Assets (%) | 0.00% | 0.01% | 0.01% | 0.01% | 0.02% | 0.28% | 0.17% | 0.26% |
| ▁▁▁▁▁█▅█ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.02% | 0.02% | 0.03% | 0.59% | 0.35% | 0.52% |
| ▁▄▂▂▄▇█▇ | Tang. Book Value ($M) | $18 | $23 | $20 | $20 | $22 | $27 | $29 | $27 |
| ▃▁▅▅▇▄▆█ | Gross Loans ($M) | $153 | $148 | $157 | $156 | $161 | $154 | $159 | $164 |
| ▃▁█▇▃▁▆█ | Total Deposits ($M) | $290 | $282 | $307 | $303 | $289 | $284 | $299 | $305 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 35% |
| C&I / Commercial | 7% |
| Agricultural | 42% |
| Consumer | 3% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |