Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.31 | 1.12% |
| Return on Equity (%) | ▲ | 18.21% | +0.62 | 17.59% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.44 | 2.90% |
| Efficiency Ratio (%) | ▲ | 48.75% | -8.73 | 57.48% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.98 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.20 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $703 | +47.52 | $655 |
| Gross Loans ($M) | ▲ | $484 | +74.76 | $409 |
| Loan Growth YoY (%) | ▲ | 76.81% | +7.54 | 69.26% |
| Total Deposits ($M) | ▲ | $627 | +38.85 | $588 |
| Shareholders Equity ($M) | ▲ | $56 | +13.87 | $42 |
| Tang. Book Value ($M) | ▲ | $51 | +13.93 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +12.52 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 76.81% | +7.54 | 69.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.14 | 0.00% |
| Allowance / Loans (%) | — | 0.58% | 0.04% | 0.54% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.27% | +0.74 | 10.53% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.75% | 2.72% | 2.76% | 2.90% | 2.99% | 3.04% | 3.12% | 3.34% |
| ▁▁▂▄▅▅▄█ | Return on Assets (%) | 0.85% | 0.86% | 0.93% | 1.12% | 1.15% | 1.19% | 1.12% | 1.43% |
| ███▄▅▄▅▁ | Efficiency Ratio (%) | 67.5% | 67.3% | 66.4% | 57.5% | 59.0% | 57.5% | 59.5% | 48.8% |
| ▇█▄▄▃▃▂▁ | Cost of Funds (%) | 2.25% | 2.32% | 2.06% | 2.03% | 2.01% | 1.98% | 1.88% | 1.82% |
| ▂▂▂▁▁▁██ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.01% | 0.14% | 0.14% |
| ███▁▁▂▄▄ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.03% | 0.00% | 0.00% | 0.01% | 0.02% | 0.02% |
| ▁▃▂▂▄▆██ | Tang. Book Value ($M) | $33 | $38 | $36 | $37 | $40 | $46 | $50 | $51 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $364 | $368 | $402 | $409 | $425 | $445 | $468 | $484 |
| ▂▁▅▃▅▂██ | Total Deposits ($M) | $575 | $567 | $598 | $588 | $602 | $577 | $621 | $627 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 8% |
| Agricultural | 32% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |