Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.30 | 0.88% |
| Return on Equity (%) | ▲ | 13.57% | +2.98 | 10.59% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.41 | 3.66% |
| Efficiency Ratio (%) | ▲ | 48.26% | -5.99 | 54.24% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.65 | $2 |
| Cost of Funds (%) | ▲ | 1.12% | -0.03 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $473 | +22.01 | $451 |
| Gross Loans ($M) | ▲ | $297 | +13.02 | $284 |
| Loan Growth YoY (%) | ▲ | 69.05% | +0.40 | 68.65% |
| Total Deposits ($M) | ▲ | $426 | +16.16 | $410 |
| Shareholders Equity ($M) | ▲ | $41 | +2.69 | $39 |
| Tang. Book Value ($M) | ▲ | $39 | +2.69 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +2.97 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 69.05% | +0.40 | 68.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.01% | 0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.01% | 0.03% | 0.98% |
| Net Charge-Off Ratio (%) | — | 0.01% | 0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.41% | +0.07 | 13.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇▇█ | Net Interest Margin (%) | 2.95% | 2.98% | 3.09% | 3.66% | 3.81% | 3.88% | 3.91% | 4.07% |
| ▁▁▁▅▆▇▇█ | Return on Assets (%) | 0.44% | 0.45% | 0.53% | 0.88% | 0.97% | 1.01% | 1.03% | 1.18% |
| ███▄▃▂▂▁ | Efficiency Ratio (%) | 64.2% | 64.0% | 62.2% | 54.2% | 52.7% | 51.9% | 51.3% | 48.3% |
| ██▆▁▂▃▂▁ | Cost of Funds (%) | 1.54% | 1.57% | 1.41% | 1.16% | 1.19% | 1.26% | 1.18% | 1.12% |
| ▁███████ | NPA / Assets (%) | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.01% |
| ▁███████ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▃▂▅▆▇█▇ | Tang. Book Value ($M) | $32 | $34 | $34 | $36 | $37 | $38 | $40 | $39 |
| ▄▃▁▃██▇█ | Gross Loans ($M) | $287 | $284 | $279 | $284 | $295 | $297 | $294 | $297 |
| ▁▁▄▃▅▆█▆ | Total Deposits ($M) | $398 | $396 | $415 | $410 | $421 | $427 | $442 | $426 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 11% |
| Agricultural | 13% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |