Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.50 | 1.15% |
| Return on Equity (%) | ▲ | 24.46% | +3.91 | 20.55% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.55 | 3.10% |
| Efficiency Ratio (%) | ▲ | 52.83% | -8.20 | 61.03% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.60 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.28 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $407 | +17.81 | $389 |
| Gross Loans ($M) | ▲ | $287 | +28.07 | $259 |
| Loan Growth YoY (%) | ▲ | 76.68% | +3.50 | 73.18% |
| Total Deposits ($M) | ▲ | $371 | +20.10 | $351 |
| Shareholders Equity ($M) | ▲ | $27 | +5.05 | $22 |
| Tang. Book Value ($M) | ▲ | $27 | +5.30 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +5.37 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 76.68% | +3.50 | 73.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.72% | +0.60 | 0.12% |
| Allowance / Loans (%) | — | 1.13% | 0.03% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.02% | +0.84 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.95% | -0.03 | 12.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 2.78% | 2.81% | 2.87% | 3.10% | 3.29% | 3.38% | 3.45% | 3.65% |
| ▁▂▂▄▅▆▆█ | Return on Assets (%) | 0.68% | 0.84% | 0.86% | 1.15% | 1.27% | 1.36% | 1.39% | 1.66% |
| █▇▇▄▃▃▂▁ | Efficiency Ratio (%) | 71.1% | 68.2% | 67.6% | 61.0% | 59.1% | 57.9% | 56.8% | 52.8% |
| ▆██▅▄▃▁▁ | Cost of Funds (%) | 2.14% | 2.29% | 2.24% | 2.12% | 2.04% | 1.97% | 1.86% | 1.84% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.15% | 0.14% | 0.09% | 0.12% | 0.12% | 0.12% | 0.11% | 0.72% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.14% | 0.18% | 0.17% | 0.18% | 0.16% | 1.02% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $19 | $23 | $21 | $22 | $23 | $26 | $28 | $27 |
| ▁▂▃▃▄▅▆█ | Gross Loans ($M) | $250 | $255 | $259 | $259 | $266 | $271 | $274 | $287 |
| ▁▄▄▅▅▆██ | Total Deposits ($M) | $327 | $344 | $349 | $351 | $351 | $359 | $372 | $371 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 11% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |