Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.25 | 0.83% |
| Return on Equity (%) | ▲ | 12.15% | +1.69 | 10.46% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.34 | 2.81% |
| Efficiency Ratio (%) | ▲ | 67.49% | -2.08 | 69.58% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.19 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $537 | +24.24 | $513 |
| Gross Loans ($M) | ▲ | $329 | +21.68 | $308 |
| Loan Growth YoY (%) | ▲ | 72.23% | +1.40 | 70.82% |
| Total Deposits ($M) | ▲ | $452 | +21.72 | $430 |
| Shareholders Equity ($M) | ▲ | $47 | +6.51 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +6.44 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +5.85 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 72.23% | +1.40 | 70.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.12 | 0.18% |
| Allowance / Loans (%) | — | 0.88% | -0.08% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.19 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.19% | +0.60 | 13.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▃▄▆█ | Net Interest Margin (%) | 2.89% | 2.82% | 2.82% | 2.81% | 2.90% | 2.96% | 3.03% | 3.14% |
| ▃▄▅▁▄▆█▆ | Return on Assets (%) | 0.97% | 1.00% | 1.02% | 0.83% | 0.99% | 1.08% | 1.21% | 1.08% |
| █▅▅█▄▂▁▆ | Efficiency Ratio (%) | 69.0% | 67.3% | 66.6% | 69.6% | 66.5% | 64.8% | 63.5% | 67.5% |
| ▅▅█▅▅▅▃▁ | Cost of Funds (%) | 1.91% | 1.91% | 2.06% | 1.88% | 1.90% | 1.90% | 1.79% | 1.69% |
| ███▇▆▄▁▁ | NPA / Assets (%) | 0.20% | 0.20% | 0.20% | 0.18% | 0.16% | 0.13% | 0.07% | 0.07% |
| ███▇▅▄▁▁ | Net Charge-Off Ratio (%) | 0.32% | 0.35% | 0.33% | 0.31% | 0.26% | 0.21% | 0.11% | 0.11% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $33 | $37 | $35 | $37 | $39 | $42 | $44 | $44 |
| ▁▁▂▅▄███ | Gross Loans ($M) | $280 | $284 | $293 | $308 | $302 | $325 | $329 | $329 |
| ▁▅▁▆▆▇▄█ | Total Deposits ($M) | $372 | $412 | $376 | $430 | $426 | $439 | $407 | $452 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 96% |
| Brokered / Other | 2% |