Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.68% | +0.56 | 2.12% |
| Return on Equity (%) | ▲ | 25.27% | +1.98 | 23.29% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.61 | 3.80% |
| Efficiency Ratio (%) | ▼ | 54.24% | +0.25 | 53.99% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.22 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $263 | +8.79 | $254 |
| Gross Loans ($M) | ▲ | $155 | +12.90 | $142 |
| Loan Growth YoY (%) | ▲ | 66.28% | +3.96 | 62.32% |
| Total Deposits ($M) | ▲ | $230 | +5.50 | $225 |
| Shareholders Equity ($M) | ▲ | $27 | +3.99 | $23 |
| Tang. Book Value ($M) | ▲ | $27 | +3.99 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +3.73 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 66.28% | +3.96 | 62.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.22% | +0.70 | 0.53% |
| Allowance / Loans (%) | — | 1.29% | 0.13% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 2.08% | +1.13 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.36% | 3.32% | 3.47% | 3.80% | 3.91% | 4.03% | 4.05% | 4.40% |
| ▁▁▁▅▅▄▃█ | Return on Assets (%) | 1.44% | 1.40% | 1.42% | 2.12% | 2.07% | 2.02% | 1.84% | 2.68% |
| ██▄█▂▁▁█ | Efficiency Ratio (%) | 53.7% | 53.9% | 50.6% | 54.0% | 48.4% | 47.5% | 47.5% | 54.2% |
| ▆██▅▃▄▃▁ | Cost of Funds (%) | 2.01% | 2.08% | 2.13% | 1.95% | 1.87% | 1.91% | 1.83% | 1.72% |
| ▆▇▃▁▄▄█▇ | NPA / Assets (%) | 1.18% | 1.29% | 0.76% | 0.53% | 0.89% | 0.95% | 1.45% | 1.22% |
| ██▃▁▄▄█▇ | Net Charge-Off Ratio (%) | 2.20% | 2.37% | 1.33% | 0.95% | 1.52% | 1.59% | 2.34% | 2.08% |
| ▁▄▁▃▄▇██ | Tang. Book Value ($M) | $22 | $24 | $22 | $23 | $24 | $26 | $28 | $27 |
| ▁▁▄▃▅▆█▇ | Gross Loans ($M) | $133 | $136 | $144 | $142 | $149 | $151 | $158 | $155 |
| ▇▆▃▆▅▃▁█ | Total Deposits ($M) | $226 | $224 | $218 | $225 | $221 | $218 | $212 | $230 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 10% |
| Agricultural | 30% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 8% |