Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.18 | 1.27% |
| Return on Equity (%) | ▲ | 11.04% | +2.16 | 8.88% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.03 | 4.49% |
| Efficiency Ratio (%) | ▲ | 58.28% | -3.62 | 61.90% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $1 |
| Cost of Funds (%) | ▼ | 1.03% | +0.16 | 0.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $256 | +72.37 | $184 |
| Gross Loans ($M) | ▲ | $141 | +42.18 | $99 |
| Loan Growth YoY (%) | ▲ | 63.39% | +0.98 | 62.41% |
| Total Deposits ($M) | ▲ | $220 | +63.54 | $156 |
| Shareholders Equity ($M) | ▲ | $33 | +7.21 | $26 |
| Tang. Book Value ($M) | ▲ | $33 | +7.21 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +8.50 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 63.39% | +0.98 | 62.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.41% | -0.22% | 1.63% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂███▃ | Net Interest Margin (%) | 4.40% | 4.44% | 4.49% | 4.49% | 4.78% | 4.80% | 4.83% | 4.52% |
| ▁▁▁▂▅██▅ | Return on Assets (%) | 1.15% | 1.16% | 1.20% | 1.27% | 1.45% | 1.75% | 1.68% | 1.45% |
| ██▇▅▃▁▂▁ | Efficiency Ratio (%) | 64.6% | 64.5% | 63.6% | 61.9% | 59.6% | 57.8% | 58.7% | 58.3% |
| ▅▃▂▁▇▇█▆ | Cost of Funds (%) | 0.99% | 0.94% | 0.90% | 0.87% | 1.06% | 1.07% | 1.10% | 1.03% |
| ▂▁█▁▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.00% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▅▅▇███ | Tang. Book Value ($M) | $15 | $25 | $25 | $26 | $30 | $32 | $33 | $33 |
| ▁▁▁▁▆▇██ | Gross Loans ($M) | $99 | $98 | $101 | $99 | $127 | $135 | $140 | $141 |
| ▁▁▁▂██▇█ | Total Deposits ($M) | $141 | $145 | $149 | $156 | $211 | $212 | $210 | $220 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 4% |
| Agricultural | 16% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 8% |