Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.05% | +0.57 | 1.47% |
| Return on Equity (%) | ▲ | 13.24% | +2.67 | 10.57% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.43 | 3.71% |
| Efficiency Ratio (%) | ▲ | 52.69% | -8.72 | 61.41% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $1 |
| Cost of Funds (%) | ▲ | 1.41% | -0.04 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $277 | +0.47 | $277 |
| Gross Loans ($M) | ▲ | $227 | +9.88 | $217 |
| Loan Growth YoY (%) | ▲ | 100.74% | +4.52 | 96.23% |
| Total Deposits ($M) | ▼ | $221 | -0.22 | $221 |
| Shareholders Equity ($M) | ▲ | $43 | +4.21 | $39 |
| Tang. Book Value ($M) | ▲ | $38 | +4.21 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.87 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 100.74% | +4.52 | 96.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 1.95% | -0.04% | 1.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇▇█ | Net Interest Margin (%) | 3.17% | 3.29% | 3.35% | 3.71% | 3.85% | 3.93% | 3.96% | 4.14% |
| ▁▁▂▅▆▆▅█ | Return on Assets (%) | 0.84% | 0.95% | 1.03% | 1.47% | 1.61% | 1.67% | 1.56% | 2.05% |
| █▇▇▄▃▂▃▁ | Efficiency Ratio (%) | 75.0% | 72.0% | 70.4% | 61.4% | 58.8% | 57.3% | 60.0% | 52.7% |
| █▅▅▂▁▁▂▁ | Cost of Funds (%) | 1.71% | 1.58% | 1.58% | 1.45% | 1.43% | 1.44% | 1.48% | 1.41% |
| ▆▁▁▁▁▅▅█ | NPA / Assets (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% | 0.03% |
| ▆▁▁▁▁▅▅█ | Net Charge-Off Ratio (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.03% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $31 | $33 | $33 | $34 | $35 | $37 | $38 | $38 |
| ▁▁▃▄▄▅▇█ | Gross Loans ($M) | $208 | $210 | $214 | $217 | $216 | $219 | $223 | $227 |
| █▂▂█▅▁▃█ | Total Deposits ($M) | $220 | $211 | $211 | $221 | $215 | $208 | $212 | $221 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 4% |
| Agricultural | 35% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |