Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.61 | 1.11% |
| Return on Equity (%) | ▲ | 17.69% | +4.06 | 13.63% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.63 | 3.05% |
| Efficiency Ratio (%) | ▲ | 53.70% | -10.31 | 64.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.83 | $1 |
| Cost of Funds (%) | ▲ | 2.05% | -0.17 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $496 | -15.69 | $512 |
| Gross Loans ($M) | ▲ | $368 | +19.80 | $348 |
| Loan Growth YoY (%) | ▲ | 81.74% | +8.70 | 73.04% |
| Total Deposits ($M) | ▼ | $444 | -26.15 | $470 |
| Shareholders Equity ($M) | ▲ | $49 | +10.63 | $39 |
| Tang. Book Value ($M) | ▲ | $49 | +10.63 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +10.00 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 81.74% | +8.70 | 73.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.44% | -0.00% | 1.44% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.64% | 2.66% | 2.79% | 3.05% | 3.19% | 3.27% | 3.41% | 3.69% |
| ▁▁▁▃▅▅▅█ | Return on Assets (%) | 0.77% | 0.79% | 0.85% | 1.11% | 1.30% | 1.32% | 1.34% | 1.73% |
| ███▅▄▃▂▁ | Efficiency Ratio (%) | 71.3% | 71.6% | 69.7% | 64.0% | 60.5% | 59.6% | 57.2% | 53.7% |
| ██▆▃▆▄▂▁ | Cost of Funds (%) | 2.58% | 2.58% | 2.42% | 2.22% | 2.39% | 2.28% | 2.17% | 2.05% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▇▅▃▁▁▅▇█ | Tang. Book Value ($M) | $47 | $45 | $42 | $39 | $38 | $44 | $47 | $49 |
| ▁▃▃▄▆▇██ | Gross Loans ($M) | $327 | $339 | $343 | $348 | $357 | $362 | $373 | $368 |
| ▁▁▄█▆▆▅▅ | Total Deposits ($M) | $400 | $403 | $433 | $470 | $448 | $445 | $437 | $444 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 19% |