Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.26 | 1.69% |
| Return on Equity (%) | ▲ | 20.18% | +3.37 | 16.81% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.14 | 4.21% |
| Efficiency Ratio (%) | ▲ | 54.99% | -4.33 | 59.32% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.65 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.10 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $587 | +65.54 | $521 |
| Gross Loans ($M) | ▲ | $510 | +65.84 | $445 |
| Loan Growth YoY (%) | ▲ | 103.66% | +7.13 | 96.53% |
| Total Deposits ($M) | ▲ | $486 | +31.88 | $454 |
| Shareholders Equity ($M) | ▲ | $55 | +3.52 | $52 |
| Tang. Book Value ($M) | ▲ | $55 | +3.60 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 103.66% | +7.13 | 96.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.02 | 0.10% |
| Allowance / Loans (%) | — | 1.23% | -0.10% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.02 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.50 | 11.50% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇███ | Net Interest Margin (%) | 3.64% | 3.63% | 3.75% | 4.21% | 4.24% | 4.27% | 4.33% | 4.35% |
| ▁▁▂▆▆▇▇█ | Return on Assets (%) | 1.25% | 1.28% | 1.36% | 1.69% | 1.73% | 1.79% | 1.81% | 1.95% |
| ██▇▃▂▂▂▁ | Efficiency Ratio (%) | 66.8% | 65.9% | 64.8% | 59.3% | 57.9% | 57.1% | 57.4% | 55.0% |
| ▆█▆▂▃▆▂▁ | Cost of Funds (%) | 2.13% | 2.24% | 2.12% | 1.91% | 1.94% | 2.11% | 1.87% | 1.81% |
| ▁▁▁█▁▁▁▇ | NPA / Assets (%) | 0.01% | 0.02% | 0.01% | 0.10% | 0.01% | 0.01% | 0.01% | 0.08% |
| ▁▂▁█▁▁▁▇ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.01% | 0.11% | 0.01% | 0.01% | 0.01% | 0.09% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $49 | $50 | $51 | $51 | $52 | $53 | $54 | $55 |
| ▁▂▃▄▄▅▇█ | Gross Loans ($M) | $400 | $422 | $438 | $445 | $447 | $463 | $486 | $510 |
| ▄▁▁▁▆▆▄█ | Total Deposits ($M) | $467 | $455 | $452 | $454 | $475 | $477 | $467 | $486 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 14% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |