Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.31 | 0.75% |
| Return on Equity (%) | ▲ | 11.25% | +2.15 | 9.10% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.34 | 2.90% |
| Efficiency Ratio (%) | ▲ | 69.09% | -6.36 | 75.45% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 1.02% | -0.24 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $263 | +5.85 | $257 |
| Gross Loans ($M) | ▼ | $144 | -2.06 | $146 |
| Loan Growth YoY (%) | ▼ | 59.98% | -1.56 | 61.54% |
| Total Deposits ($M) | ▲ | $238 | +2.65 | $235 |
| Shareholders Equity ($M) | ▲ | $25 | +2.98 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +2.98 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +2.78 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 59.98% | -1.56 | 61.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.10% | 0.03% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.07% | +0.60 | 18.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.61% | 2.62% | 2.67% | 2.90% | 2.95% | 2.97% | 3.05% | 3.24% |
| ▁▁▂▅▅▆▇█ | Return on Assets (%) | 0.43% | 0.50% | 0.55% | 0.75% | 0.82% | 0.88% | 0.96% | 1.06% |
| █▇▆▄▃▂▁▁ | Efficiency Ratio (%) | 84.9% | 82.1% | 80.5% | 75.5% | 73.7% | 71.6% | 70.1% | 69.1% |
| ▄▆█▄▂▃▅▁ | Cost of Funds (%) | 1.22% | 1.36% | 1.53% | 1.26% | 1.13% | 1.18% | 1.32% | 1.02% |
| ▂█▁▁▂▁▁▁ | NPA / Assets (%) | 0.03% | 0.12% | 0.01% | 0.01% | 0.02% | 0.01% | 0.01% | 0.00% |
| ▂█▁▁▂▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.22% | 0.02% | 0.02% | 0.04% | 0.02% | 0.02% | 0.00% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $19 | $21 | $21 | $22 | $23 | $24 | $24 | $25 |
| ▆███▁▇▄▄ | Gross Loans ($M) | $145 | $146 | $146 | $146 | $143 | $145 | $144 | $144 |
| ▁▆▃▁▆█▁▂ | Total Deposits ($M) | $234 | $247 | $239 | $235 | $247 | $253 | $235 | $238 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 4% |