Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.19 | 1.51% |
| Return on Equity (%) | ▼ | 18.45% | -2.44 | 20.89% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.25 | 2.68% |
| Efficiency Ratio (%) | ▲ | 42.68% | -2.93 | 45.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $2 |
| Cost of Funds (%) | ▲ | 2.18% | -0.26 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $470 | +14.87 | $455 |
| Gross Loans ($M) | ▲ | $231 | +12.71 | $219 |
| Loan Growth YoY (%) | ▲ | 60.60% | +1.10 | 59.50% |
| Total Deposits ($M) | ▲ | $376 | +14.41 | $362 |
| Shareholders Equity ($M) | ▲ | $41 | +7.90 | $33 |
| Tang. Book Value ($M) | ▲ | $40 | +7.90 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +8.03 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 60.60% | +1.10 | 59.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.50 | 0.14% |
| Allowance / Loans (%) | — | 1.55% | -0.09% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 1.30% | +1.00 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.49% | 2.49% | 2.50% | 2.68% | 2.82% | 2.82% | 2.85% | 2.93% |
| ▁▁▁▄▇▇▇█ | Return on Assets (%) | 1.34% | 1.34% | 1.33% | 1.51% | 1.61% | 1.63% | 1.64% | 1.70% |
| ███▅▃▂▃▁ | Efficiency Ratio (%) | 48.1% | 48.1% | 48.5% | 45.6% | 44.5% | 44.0% | 44.4% | 42.7% |
| ▇██▅▄▄▃▁ | Cost of Funds (%) | 2.58% | 2.66% | 2.68% | 2.44% | 2.38% | 2.41% | 2.35% | 2.18% |
| ▁▁▁▂▃▃▃█ | NPA / Assets (%) | 0.03% | 0.05% | 0.04% | 0.14% | 0.20% | 0.21% | 0.19% | 0.64% |
| ▁▁▁▂▃▃▃█ | Net Charge-Off Ratio (%) | 0.06% | 0.11% | 0.08% | 0.30% | 0.41% | 0.43% | 0.40% | 1.30% |
| ▁▄▁▁▂▆█▅ | Tang. Book Value ($M) | $32 | $38 | $32 | $32 | $34 | $41 | $45 | $40 |
| ▁▄▄▅▇███ | Gross Loans ($M) | $204 | $215 | $218 | $219 | $226 | $233 | $231 | $231 |
| ▁▄▄▅▆▄▃█ | Total Deposits ($M) | $338 | $352 | $352 | $362 | $362 | $354 | $349 | $376 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 6% |
| Agricultural | 16% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 27% |