Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.17% | +0.19 | 1.98% |
| Return on Equity (%) | ▼ | 20.79% | -0.58 | 21.37% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.28 | 4.01% |
| Efficiency Ratio (%) | ▲ | 47.89% | -0.75 | 48.65% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.41 | $3 |
| Cost of Funds (%) | ▲ | 1.32% | -0.12 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $627 | +12.32 | $615 |
| Gross Loans ($M) | ▲ | $393 | +23.85 | $369 |
| Loan Growth YoY (%) | ▲ | 72.78% | +4.10 | 68.69% |
| Total Deposits ($M) | ▲ | $531 | +2.93 | $528 |
| Shareholders Equity ($M) | ▲ | $65 | +9.33 | $56 |
| Tang. Book Value ($M) | ▲ | $64 | +9.34 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +8.92 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 72.78% | +4.10 | 68.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.02% | 0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.72% | -0.09% | 1.81% |
| Net Charge-Off Ratio (%) | — | 0.03% | 0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▃▁▃▅▆█ | Net Interest Margin (%) | 4.11% | 4.07% | 4.09% | 4.01% | 4.11% | 4.17% | 4.20% | 4.30% |
| ▁▂▃▃▆▂▃█ | Return on Assets (%) | 1.91% | 1.96% | 2.01% | 1.98% | 2.09% | 1.95% | 2.00% | 2.17% |
| █▇▅▄▁▁▁▁ | Efficiency Ratio (%) | 50.0% | 49.6% | 48.9% | 48.6% | 47.9% | 47.7% | 47.7% | 47.9% |
| ▂▅█▆▇▅▁▁ | Cost of Funds (%) | 1.35% | 1.43% | 1.51% | 1.44% | 1.48% | 1.43% | 1.32% | 1.32% |
| ▁▃▄█▆███ | NPA / Assets (%) | 0.00% | 0.01% | 0.01% | 0.02% | 0.01% | 0.02% | 0.02% | 0.02% |
| ▁▃▄█▆███ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.01% | 0.03% | 0.02% | 0.03% | 0.03% | 0.03% |
| ▁▄▃▂▃▆█▇ | Tang. Book Value ($M) | $52 | $58 | $56 | $55 | $56 | $62 | $66 | $64 |
| ▁▃▁▄▃▅▅█ | Gross Loans ($M) | $350 | $365 | $352 | $369 | $365 | $375 | $373 | $393 |
| ▁▂▄▆▄▄█▇ | Total Deposits ($M) | $497 | $504 | $518 | $528 | $515 | $516 | $540 | $531 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |