Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.32 | 0.95% |
| Return on Equity (%) | ▲ | 10.04% | +2.43 | 7.61% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.37 | 3.22% |
| Efficiency Ratio (%) | ▲ | 56.67% | -6.12 | 62.79% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 1.43% | -0.18 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $106 | +4.66 | $101 |
| Gross Loans ($M) | ▲ | $51 | +3.22 | $48 |
| Loan Growth YoY (%) | ▲ | 54.53% | +0.73 | 53.80% |
| Total Deposits ($M) | ▲ | $92 | +4.50 | $87 |
| Shareholders Equity ($M) | ▲ | $13 | +0.44 | $13 |
| Tang. Book Value ($M) | ▲ | $13 | +0.44 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +0.53 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 54.53% | +0.73 | 53.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.09 | 0.01% |
| Allowance / Loans (%) | — | 1.42% | 0.17% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.18 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.96% | 2.99% | 3.02% | 3.22% | 3.32% | 3.39% | 3.46% | 3.59% |
| ▁▁▁▃▅▆▅█ | Return on Assets (%) | 0.77% | 0.76% | 0.78% | 0.95% | 1.03% | 1.08% | 1.02% | 1.26% |
| █▇▇▄▃▁▃▁ | Efficiency Ratio (%) | 69.3% | 67.0% | 66.5% | 62.8% | 60.8% | 58.2% | 60.2% | 56.7% |
| ██▄▄▅▄▁▁ | Cost of Funds (%) | 1.83% | 1.87% | 1.64% | 1.62% | 1.66% | 1.64% | 1.48% | 1.43% |
| ▁▁▁▁▁██▅ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.17% | 0.17% | 0.10% |
| ▁▁▁▁▁██▅ | Net Charge-Off Ratio (%) | 0.01% | 0.03% | 0.02% | 0.02% | 0.02% | 0.37% | 0.33% | 0.21% |
| ▁▄▁▄▅█▅▆ | Tang. Book Value ($M) | $12 | $13 | $12 | $13 | $13 | $14 | $13 | $13 |
| ▁▂▇▃▂▄█▅ | Gross Loans ($M) | $44 | $47 | $53 | $48 | $46 | $49 | $55 | $51 |
| ▁▁▂▃▅▅▄█ | Total Deposits ($M) | $85 | $85 | $86 | $87 | $89 | $89 | $88 | $92 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 31% |
| C&I / Commercial | 15% |
| Agricultural | 49% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |