Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.40 | 0.90% |
| Return on Equity (%) | ▲ | 11.93% | +3.19 | 8.74% |
| Net Interest Margin (%) | ▲ | 5.76% | +0.89 | 4.87% |
| Efficiency Ratio (%) | ▲ | 74.30% | -7.46 | 81.76% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $0 |
| Cost of Funds (%) | ▲ | 0.89% | -0.17 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $167 | +1.99 | $165 |
| Gross Loans ($M) | ▲ | $121 | +7.67 | $114 |
| Loan Growth YoY (%) | ▲ | 81.47% | +4.38 | 77.09% |
| Total Deposits ($M) | ▲ | $146 | +1.37 | $145 |
| Shareholders Equity ($M) | ▲ | $18 | +0.85 | $17 |
| Tang. Book Value ($M) | ▲ | $17 | +0.85 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +0.93 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 81.47% | +4.38 | 77.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.13% | -0.19 | 2.32% |
| Allowance / Loans (%) | — | 1.69% | 0.07% | 1.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -3.12 | 3.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▃█ | Net Interest Margin (%) | 4.95% | 4.94% | 4.87% | 4.87% | 4.99% | 5.15% | 5.17% | 5.76% |
| ▁▁▁▂▄▅▅█ | Return on Assets (%) | 0.84% | 0.82% | 0.85% | 0.90% | 1.01% | 1.10% | 1.08% | 1.29% |
| ███▇▅▄▃▁ | Efficiency Ratio (%) | 83.2% | 83.6% | 82.8% | 81.8% | 80.1% | 78.5% | 77.7% | 74.3% |
| ██▄▄▁▁▁▁ | Cost of Funds (%) | 1.32% | 1.30% | 1.10% | 1.06% | 0.94% | 0.94% | 0.93% | 0.89% |
| ▁▁██████ | NPA / Assets (%) | 0.22% | 0.20% | 2.37% | 2.32% | 2.34% | 2.24% | 2.22% | 2.13% |
| ▁▁███▇▄▁ | Net Charge-Off Ratio (%) | 0.29% | 0.28% | 3.49% | 3.37% | 3.21% | 2.90% | 1.60% | 0.25% |
| ▁▃▃▅▇███ | Tang. Book Value ($M) | $15 | $16 | $16 | $16 | $16 | $17 | $17 | $17 |
| ▄▁▂▁▅▇█▇ | Gross Loans ($M) | $117 | $114 | $115 | $114 | $118 | $121 | $123 | $121 |
| ▂▂█▆▄▁▇▆ | Total Deposits ($M) | $139 | $139 | $150 | $145 | $142 | $136 | $148 | $146 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |