Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.09 | 1.64% |
| Return on Equity (%) | ▼ | 16.08% | -1.33 | 17.41% |
| Net Interest Margin (%) | ▲ | 4.38% | +0.05 | 4.33% |
| Efficiency Ratio (%) | ▲ | 49.34% | -1.52 | 50.86% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.25 | $2 |
| Cost of Funds (%) | ▼ | 1.79% | +0.01 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $355 | +22.95 | $332 |
| Gross Loans ($M) | ▲ | $289 | +19.43 | $269 |
| Loan Growth YoY (%) | ▲ | 93.26% | +0.18 | 93.08% |
| Total Deposits ($M) | ▲ | $305 | +19.76 | $285 |
| Shareholders Equity ($M) | ▲ | $39 | +6.89 | $32 |
| Tang. Book Value ($M) | ▲ | $39 | +6.89 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +7.01 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 93.26% | +0.18 | 93.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.85% | +0.85 | 0.00% |
| Allowance / Loans (%) | — | 1.57% | 0.07% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 1.04% | +1.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.54 | 12.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆███▇ | Net Interest Margin (%) | 3.99% | 4.10% | 4.16% | 4.33% | 4.45% | 4.45% | 4.44% | 4.38% |
| ▁▃▁▆██▆█ | Return on Assets (%) | 1.38% | 1.48% | 1.42% | 1.64% | 1.75% | 1.74% | 1.63% | 1.73% |
| █▅▄▂▁▁▁▁ | Efficiency Ratio (%) | 57.3% | 53.9% | 52.7% | 50.9% | 49.4% | 49.6% | 49.8% | 49.3% |
| ▁▅█▅▅▇▆▆ | Cost of Funds (%) | 1.59% | 1.77% | 1.90% | 1.78% | 1.77% | 1.86% | 1.83% | 1.79% |
| ▁▁▁▁▁▂██ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.13% | 0.85% | 0.85% |
| ▁▁▁▁▁▂██ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.16% | 1.05% | 1.04% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $27 | $30 | $30 | $32 | $33 | $36 | $38 | $39 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $244 | $252 | $263 | $269 | $277 | $282 | $287 | $289 |
| ▂▁▁▃▅▆██ | Total Deposits ($M) | $281 | $280 | $278 | $285 | $294 | $298 | $303 | $305 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |