Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.35% | -1.35 | 2.70% |
| Return on Equity (%) | ▼ | 7.64% | -13.53 | 21.17% |
| Net Interest Margin (%) | ▼ | 4.36% | -0.61 | 4.97% |
| Efficiency Ratio (%) | ▼ | 62.50% | +16.29 | 46.21% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 1.01% | -1.23 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $146 | +73.84 | $72 |
| Gross Loans ($M) | ▲ | $70 | +25.96 | $44 |
| Loan Growth YoY (%) | ▼ | 57.45% | -12.25 | 69.70% |
| Total Deposits ($M) | ▲ | $121 | +58.71 | $62 |
| Shareholders Equity ($M) | ▲ | $25 | +16.03 | $9 |
| Tang. Book Value ($M) | ▲ | $22 | +12.50 | $9 |
| Loan / Deposit Ratio (%) | ▼ | 57.45% | -12.25 | 69.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.69% | -0.72% | 1.41% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 31.29% | +12.04 | 19.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇███▁▄▅▇ | Net Interest Margin (%) | 4.36% | 4.44% | 4.42% | 4.97% | 0.43% | 2.33% | 3.11% | 4.36% |
| ▇█▇█▁▄▅▄ | Return on Assets (%) | 2.22% | 2.53% | 2.37% | 2.70% | 0.21% | 1.37% | 1.71% | 1.35% |
| ▄▃▄▃▆▁▂█ | Efficiency Ratio (%) | 48.7% | 46.6% | 48.4% | 46.2% | 55.1% | 39.2% | 42.9% | 62.5% |
| ████▁▆▆▅ | Cost of Funds (%) | 2.43% | 2.70% | 2.38% | 2.25% | -1.50% | 1.20% | 1.25% | 1.01% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 1.32% | 1.46% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ███▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.98% | 2.03% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $9 | $9 | $9 | $9 | $19 | $20 | $21 | $22 |
| ▂▁▁▁▁▁▄█ | Gross Loans ($M) | $48 | $47 | $46 | $44 | $45 | $47 | $56 | $70 |
| ▁▁▁▁▁▇▇█ | Total Deposits ($M) | $58 | $55 | $57 | $62 | $63 | $112 | $109 | $121 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 1% |
| Agricultural | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 60% |
| Interest-Bearing (core) | 29% |
| Brokered / Other | 11% |