Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.17 | 0.96% |
| Return on Equity (%) | ▲ | 10.85% | +1.03 | 9.82% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.30 | 3.34% |
| Efficiency Ratio (%) | ▲ | 57.70% | -5.69 | 63.40% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.69 | $2 |
| Cost of Funds (%) | ▲ | 1.72% | -0.01 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $645 | +42.26 | $602 |
| Gross Loans ($M) | ▲ | $424 | +39.91 | $384 |
| Loan Growth YoY (%) | ▲ | 76.13% | +2.32 | 73.81% |
| Total Deposits ($M) | ▲ | $548 | +36.10 | $511 |
| Shareholders Equity ($M) | ▲ | $67 | +8.03 | $59 |
| Tang. Book Value ($M) | ▲ | $67 | +8.02 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +9.33 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 76.13% | +2.32 | 73.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.04 | 0.25% |
| Allowance / Loans (%) | — | 1.71% | -0.03% | 1.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.06 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.00% | -0.03 | 16.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.07% | 3.11% | 3.15% | 3.34% | 3.44% | 3.51% | 3.53% | 3.65% |
| ▁▁▂▃▇███ | Return on Assets (%) | 0.86% | 0.87% | 0.92% | 0.96% | 1.10% | 1.17% | 1.14% | 1.14% |
| █▇▆▇▃▁▁▁ | Efficiency Ratio (%) | 65.2% | 64.0% | 62.8% | 63.4% | 59.6% | 57.8% | 57.2% | 57.7% |
| █▇▅▁▁▃▄▁ | Cost of Funds (%) | 1.96% | 1.93% | 1.87% | 1.73% | 1.74% | 1.81% | 1.83% | 1.72% |
| ▁▃██▆▇▆▅ | NPA / Assets (%) | 0.15% | 0.18% | 0.24% | 0.25% | 0.22% | 0.23% | 0.22% | 0.21% |
| ▁▂██▅▅▆▅ | Net Charge-Off Ratio (%) | 0.23% | 0.26% | 0.36% | 0.37% | 0.32% | 0.31% | 0.33% | 0.32% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $52 | $57 | $56 | $59 | $61 | $64 | $66 | $67 |
| ▁▁▃▂▄▆██ | Gross Loans ($M) | $372 | $378 | $387 | $384 | $393 | $411 | $424 | $424 |
| ▁▁▁▃▅▅▇█ | Total Deposits ($M) | $498 | $493 | $498 | $511 | $521 | $522 | $535 | $548 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |