Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.29 | 1.26% |
| Return on Equity (%) | ▼ | 23.94% | -3.89 | 27.83% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.35 | 3.54% |
| Efficiency Ratio (%) | ▲ | 57.93% | -4.87 | 62.81% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.10 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $510 | +39.46 | $470 |
| Gross Loans ($M) | ▲ | $380 | +46.31 | $333 |
| Loan Growth YoY (%) | ▲ | 95.79% | +5.62 | 90.17% |
| Total Deposits ($M) | ▲ | $394 | +26.88 | $367 |
| Shareholders Equity ($M) | ▲ | $33 | +10.86 | $22 |
| Tang. Book Value ($M) | ▲ | $31 | +11.06 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +10.99 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 95.79% | +5.62 | 90.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.10 | 0.22% |
| Allowance / Loans (%) | — | 0.62% | -0.10% | 0.72% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.15 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.70% | +1.09 | 9.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.01% | 3.09% | 3.20% | 3.54% | 3.62% | 3.70% | 3.77% | 3.89% |
| ▃▁▁▇▇▇██ | Return on Assets (%) | 0.68% | 0.16% | 0.23% | 1.26% | 1.32% | 1.34% | 1.41% | 1.55% |
| ██▆▃▂▂▁▁ | Efficiency Ratio (%) | 75.2% | 73.3% | 70.1% | 62.8% | 60.9% | 61.2% | 59.9% | 57.9% |
| ▇██▃▂▃▁▁ | Cost of Funds (%) | 2.01% | 2.05% | 2.07% | 1.86% | 1.82% | 1.84% | 1.77% | 1.76% |
| █▄▂▂▁▁▁▁ | NPA / Assets (%) | 0.90% | 0.43% | 0.25% | 0.22% | 0.15% | 0.18% | 0.11% | 0.12% |
| █▄▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 1.25% | 0.60% | 0.33% | 0.32% | 0.21% | 0.24% | 0.15% | 0.17% |
| ▁▂▁▂▄▅██ | Tang. Book Value ($M) | $19 | $21 | $18 | $20 | $23 | $25 | $31 | $31 |
| ▁▁▂▂▃▆██ | Gross Loans ($M) | $320 | $326 | $332 | $333 | $342 | $363 | $382 | $380 |
| ▁▁▄▄▆▆██ | Total Deposits ($M) | $344 | $345 | $363 | $367 | $377 | $381 | $390 | $394 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |