Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.40 | 1.20% |
| Return on Equity (%) | ▲ | 16.63% | +3.42 | 13.21% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.84 | 3.34% |
| Efficiency Ratio (%) | ▲ | 51.35% | -6.88 | 58.23% |
| Pre-Provision Profit ($M) | ▲ | $6 | +3.72 | $2 |
| Cost of Funds (%) | ▲ | 1.54% | -0.22 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,260 | +654.44 | $605 |
| Gross Loans ($M) | ▲ | $918 | +467.91 | $450 |
| Loan Growth YoY (%) | ▼ | 81.35% | -6.55 | 87.90% |
| Total Deposits ($M) | ▲ | $1,116 | +609.42 | $507 |
| Shareholders Equity ($M) | ▲ | $122 | +66.79 | $56 |
| Tang. Book Value ($M) | ▲ | $108 | +53.00 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +58.47 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 81.35% | -6.55 | 87.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.52 | 0.07% |
| Allowance / Loans (%) | — | 1.06% | 0.07% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.71 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▅▇█ | Net Interest Margin (%) | 2.97% | 3.03% | 3.08% | 3.34% | 3.38% | 3.62% | 3.93% | 4.18% |
| ▅▆▅▇▇▁▃█ | Return on Assets (%) | 0.96% | 0.97% | 0.78% | 1.20% | 1.19% | -0.09% | 0.52% | 1.59% |
| ▅▄▆▃▃█▆▁ | Efficiency Ratio (%) | 63.9% | 62.8% | 67.4% | 58.2% | 57.5% | 75.6% | 67.1% | 51.4% |
| ▆▇███▁▅▃ | Cost of Funds (%) | 1.68% | 1.71% | 1.77% | 1.76% | 1.74% | 1.44% | 1.63% | 1.54% |
| ▁▁▁▁▁▂▄█ | NPA / Assets (%) | 0.09% | 0.08% | 0.07% | 0.07% | 0.04% | 0.13% | 0.30% | 0.59% |
| ▁▁▁▁▁▂▄█ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.10% | 0.08% | 0.04% | 0.18% | 0.41% | 0.80% |
| ▁▁▁▁▁▇██ | Tang. Book Value ($M) | $52 | $55 | $53 | $55 | $56 | $99 | $104 | $108 |
| ▁▁▁▁▁███ | Gross Loans ($M) | $404 | $411 | $436 | $450 | $468 | $901 | $918 | $918 |
| ▁▁▁▁▁███ | Total Deposits ($M) | $480 | $497 | $490 | $507 | $515 | $1,106 | $1,112 | $1,116 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |