Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.68 | 0.85% |
| Return on Equity (%) | ▲ | 20.15% | +5.77 | 14.38% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.39 | 3.03% |
| Efficiency Ratio (%) | ▲ | 65.04% | -6.22 | 71.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.15% | -0.16 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $328 | -3.78 | $332 |
| Gross Loans ($M) | ▲ | $150 | +1.60 | $148 |
| Loan Growth YoY (%) | ▲ | 49.13% | +1.78 | 47.34% |
| Total Deposits ($M) | ▼ | $302 | -8.07 | $310 |
| Shareholders Equity ($M) | ▲ | $24 | +4.19 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +4.19 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.40 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 49.13% | +1.78 | 47.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | 0.01% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.03 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.30% | +0.40 | 15.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.80% | 2.85% | 2.88% | 3.03% | 3.18% | 3.24% | 3.27% | 3.42% |
| ▂▂▁▁▄▄▃█ | Return on Assets (%) | 0.89% | 0.86% | 0.76% | 0.85% | 1.12% | 1.11% | 1.00% | 1.53% |
| █▇█▄▃▂▄▁ | Efficiency Ratio (%) | 77.3% | 75.2% | 77.8% | 71.3% | 68.3% | 67.9% | 71.4% | 65.0% |
| █▇▆▃▄▅▃▁ | Cost of Funds (%) | 1.57% | 1.49% | 1.42% | 1.31% | 1.31% | 1.36% | 1.27% | 1.15% |
| ▁▂▁▁▁▁█▂ | NPA / Assets (%) | 0.01% | 0.02% | 0.01% | 0.00% | 0.00% | 0.01% | 0.09% | 0.02% |
| ▂▂▁▁▁▁█▂ | Net Charge-Off Ratio (%) | 0.03% | 0.05% | 0.02% | 0.01% | 0.01% | 0.03% | 0.18% | 0.04% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $15 | $19 | $17 | $19 | $21 | $23 | $24 | $23 |
| ▁▅▄▁▅██▃ | Gross Loans ($M) | $147 | $152 | $151 | $148 | $152 | $155 | $156 | $150 |
| ▁▃▃█▅▁▃▆ | Total Deposits ($M) | $285 | $292 | $293 | $310 | $298 | $288 | $293 | $302 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 10% |
| Agricultural | 28% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 19% |