Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.69 | 0.49% |
| Return on Equity (%) | ▲ | 13.92% | +7.34 | 6.58% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.52 | 3.22% |
| Efficiency Ratio (%) | ▲ | 59.97% | -8.82 | 68.79% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.97 | $2 |
| Cost of Funds (%) | ▲ | 1.85% | -0.31 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $667 | +44.09 | $623 |
| Gross Loans ($M) | ▲ | $486 | +48.50 | $437 |
| Loan Growth YoY (%) | ▲ | 83.36% | +2.79 | 80.57% |
| Total Deposits ($M) | ▲ | $574 | +39.27 | $535 |
| Shareholders Equity ($M) | ▲ | $57 | +8.79 | $49 |
| Tang. Book Value ($M) | ▲ | $57 | +8.89 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +7.91 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 83.36% | +2.79 | 80.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.51% | 0.03% | 1.48% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.79% | 2.77% | 2.81% | 3.22% | 3.35% | 3.38% | 3.46% | 3.74% |
| ▁▁▂▁▃▄▅█ | Return on Assets (%) | 0.54% | 0.56% | 0.59% | 0.49% | 0.71% | 0.79% | 0.88% | 1.19% |
| █▇▇▅▄▃▃▁ | Efficiency Ratio (%) | 76.3% | 74.1% | 74.2% | 68.8% | 66.6% | 65.2% | 64.7% | 60.0% |
| ▆█▇▄▃▄▃▁ | Cost of Funds (%) | 2.32% | 2.55% | 2.39% | 2.16% | 2.05% | 2.19% | 2.05% | 1.85% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $43 | $48 | $46 | $48 | $50 | $54 | $57 | $57 |
| ▁▂▃▃▅▇█▇ | Gross Loans ($M) | $408 | $430 | $442 | $437 | $466 | $487 | $505 | $486 |
| ▁▂▄▅▄▃▇█ | Total Deposits ($M) | $485 | $498 | $528 | $535 | $522 | $517 | $554 | $574 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 10% |
| Agricultural | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 11% |