Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.04 | 1.74% |
| Return on Equity (%) | ▼ | 15.10% | -1.25 | 16.35% |
| Net Interest Margin (%) | ▼ | 4.84% | -0.01 | 4.85% |
| Efficiency Ratio (%) | ▲ | 51.57% | -1.94 | 53.51% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.23 | $2 |
| Cost of Funds (%) | ▲ | 1.36% | -0.01 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $419 | +18.94 | $400 |
| Gross Loans ($M) | ▲ | $295 | +20.69 | $274 |
| Loan Growth YoY (%) | ▲ | 79.06% | +2.93 | 76.13% |
| Total Deposits ($M) | ▲ | $366 | +12.62 | $353 |
| Shareholders Equity ($M) | ▲ | $49 | +6.63 | $42 |
| Tang. Book Value ($M) | ▲ | $49 | +6.63 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +7.00 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 79.06% | +2.93 | 76.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.02 | 0.08% |
| Allowance / Loans (%) | — | 1.92% | -0.01% | 1.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.02 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.51% | +1.36 | 17.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▆▇█▁ | Net Interest Margin (%) | 5.09% | 5.12% | 5.11% | 4.85% | 5.01% | 5.08% | 5.09% | 4.84% |
| ▁▃▅▁▇▇█▂ | Return on Assets (%) | 1.75% | 1.79% | 1.83% | 1.74% | 1.86% | 1.87% | 1.90% | 1.77% |
| ███▅▂▂▂▁ | Efficiency Ratio (%) | 54.9% | 54.9% | 54.6% | 53.5% | 52.2% | 52.1% | 52.1% | 51.6% |
| ▃█▁▂▄▆█▁ | Cost of Funds (%) | 1.38% | 1.43% | 1.35% | 1.37% | 1.39% | 1.41% | 1.43% | 1.36% |
| █▂▂▄▁▃▄▆ | NPA / Assets (%) | 0.12% | 0.07% | 0.07% | 0.08% | 0.05% | 0.08% | 0.08% | 0.10% |
| █▂▃▄▁▃▄▆ | Net Charge-Off Ratio (%) | 0.16% | 0.09% | 0.11% | 0.12% | 0.08% | 0.11% | 0.12% | 0.14% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $38 | $40 | $41 | $42 | $44 | $47 | $49 | $49 |
| ▁▁▁▄▆▇██ | Gross Loans ($M) | $259 | $261 | $263 | $274 | $282 | $286 | $290 | $295 |
| ▁▂▆▇▇███ | Total Deposits ($M) | $303 | $315 | $343 | $353 | $353 | $358 | $360 | $366 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |