Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.42 | 0.96% |
| Return on Equity (%) | ▲ | 12.06% | +2.80 | 9.26% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.67 | 3.76% |
| Efficiency Ratio (%) | ▲ | 57.62% | -9.28 | 66.90% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.60 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.15 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $360 | +8.55 | $352 |
| Gross Loans ($M) | ▲ | $279 | +20.22 | $259 |
| Loan Growth YoY (%) | ▲ | 89.27% | +5.25 | 84.02% |
| Total Deposits ($M) | ▲ | $309 | +4.15 | $305 |
| Shareholders Equity ($M) | ▲ | $41 | +4.81 | $37 |
| Tang. Book Value ($M) | ▲ | $41 | +4.81 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +4.43 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 89.27% | +5.25 | 84.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.31 | 0.59% |
| Allowance / Loans (%) | — | 1.15% | 0.10% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.43 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.50% | 3.55% | 3.61% | 3.76% | 3.89% | 4.01% | 4.12% | 4.43% |
| ▃▄▃▁▂▄▅█ | Return on Assets (%) | 1.11% | 1.12% | 1.10% | 0.96% | 1.05% | 1.14% | 1.21% | 1.38% |
| ▅▅▅█▆▅▃▁ | Efficiency Ratio (%) | 62.7% | 62.6% | 63.3% | 66.9% | 64.4% | 62.5% | 60.6% | 57.6% |
| ██▇▅▇▄▃▁ | Cost of Funds (%) | 1.81% | 1.83% | 1.79% | 1.69% | 1.76% | 1.67% | 1.63% | 1.54% |
| ▁▅███▃▁▂ | NPA / Assets (%) | 0.20% | 0.46% | 0.63% | 0.59% | 0.59% | 0.31% | 0.24% | 0.29% |
| ▁▅███▂▁▂ | Net Charge-Off Ratio (%) | 0.27% | 0.62% | 0.85% | 0.81% | 0.81% | 0.41% | 0.31% | 0.37% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $33 | $36 | $35 | $37 | $38 | $40 | $40 | $41 |
| ▁▂▃▄▃▆██ | Gross Loans ($M) | $243 | $251 | $253 | $259 | $256 | $269 | $276 | $279 |
| ▁▃▅▇▆▇▇█ | Total Deposits ($M) | $281 | $290 | $297 | $305 | $302 | $304 | $302 | $309 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |