Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.09 | 1.29% |
| Return on Equity (%) | ▲ | 11.47% | +0.26 | 11.21% |
| Net Interest Margin (%) | ▲ | 4.79% | +0.15 | 4.64% |
| Efficiency Ratio (%) | ▲ | 62.76% | -2.56 | 65.32% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.21 | $1 |
| Cost of Funds (%) | ▼ | 1.40% | +0.13 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $345 | +25.00 | $320 |
| Gross Loans ($M) | ▲ | $284 | +38.42 | $245 |
| Loan Growth YoY (%) | ▲ | 97.00% | +6.46 | 90.55% |
| Total Deposits ($M) | ▲ | $289 | +21.61 | $267 |
| Shareholders Equity ($M) | ▲ | $41 | +4.03 | $37 |
| Tang. Book Value ($M) | ▲ | $41 | +4.03 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +3.83 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 97.00% | +6.46 | 90.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.20% | -0.11% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅█▁▃▆██ | Net Interest Margin (%) | 4.63% | 4.72% | 4.80% | 4.64% | 4.68% | 4.74% | 4.78% | 4.79% |
| ▁▆▄▃▁▁▅█ | Return on Assets (%) | 1.25% | 1.33% | 1.31% | 1.29% | 1.23% | 1.24% | 1.31% | 1.38% |
| ▆▄▅▅██▆▁ | Efficiency Ratio (%) | 65.5% | 64.4% | 65.3% | 65.3% | 67.0% | 67.1% | 65.6% | 62.8% |
| ▁▁▄▁▇█▄█ | Cost of Funds (%) | 1.29% | 1.28% | 1.33% | 1.27% | 1.37% | 1.39% | 1.34% | 1.40% |
| ▂█▂▂▂▃▁▄ | NPA / Assets (%) | 0.02% | 0.05% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.03% |
| ▂█▂▃▃▁▁▄ | Net Charge-Off Ratio (%) | 0.02% | 0.07% | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.04% |
| ▂▅▁▂▄▆▇█ | Tang. Book Value ($M) | $37 | $38 | $35 | $37 | $38 | $39 | $40 | $41 |
| ▁▂▁▁▁▂▃█ | Gross Loans ($M) | $245 | $250 | $245 | $245 | $247 | $251 | $256 | $284 |
| ▁▁▂▄▂▂▅█ | Total Deposits ($M) | $253 | $257 | $258 | $267 | $259 | $259 | $271 | $289 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 15% |