Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.42 | 1.06% |
| Return on Equity (%) | ▲ | 13.36% | +3.18 | 10.18% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.56 | 3.30% |
| Efficiency Ratio (%) | ▲ | 60.52% | -9.86 | 70.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.92% | -0.30 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $224 | +19.17 | $205 |
| Gross Loans ($M) | ▲ | $162 | +17.53 | $145 |
| Loan Growth YoY (%) | ▲ | 80.92% | +2.49 | 78.43% |
| Total Deposits ($M) | ▲ | $198 | +16.18 | $182 |
| Shareholders Equity ($M) | ▲ | $25 | +3.36 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +2.87 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.87 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 80.92% | +2.49 | 78.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.22 | 0.03% |
| Allowance / Loans (%) | — | 1.07% | -0.20% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.31 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.11% | 3.09% | 3.12% | 3.30% | 3.39% | 3.54% | 3.64% | 3.86% |
| ▂▁▁▂▆▆██ | Return on Assets (%) | 1.03% | 0.94% | 0.99% | 1.06% | 1.28% | 1.33% | 1.44% | 1.49% |
| ▇██▇▃▃▂▁ | Efficiency Ratio (%) | 70.8% | 73.0% | 71.6% | 70.4% | 65.0% | 64.6% | 62.4% | 60.5% |
| ▇██▄▂▂▁▁ | Cost of Funds (%) | 2.43% | 2.56% | 2.50% | 2.21% | 2.05% | 2.06% | 1.95% | 1.92% |
| ▂▇▂▁▁▂▃█ | NPA / Assets (%) | 0.08% | 0.21% | 0.07% | 0.03% | 0.05% | 0.06% | 0.10% | 0.25% |
| ▁▆▁▁▁▂▃█ | Net Charge-Off Ratio (%) | 0.07% | 0.26% | 0.07% | 0.04% | 0.06% | 0.08% | 0.14% | 0.35% |
| ▁▃▂▄▄▆██ | Tang. Book Value ($M) | $20 | $21 | $21 | $22 | $22 | $23 | $24 | $24 |
| ▁▃▁▁▃▄██ | Gross Loans ($M) | $144 | $148 | $143 | $145 | $149 | $151 | $160 | $162 |
| ▁▁▃▅▇▇██ | Total Deposits ($M) | $165 | $167 | $176 | $182 | $191 | $191 | $194 | $198 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 11% |
| Agricultural | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |