Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.89% | +0.13 | 3.76% |
| Return on Equity (%) | ▲ | 29.29% | +0.96 | 28.33% |
| Net Interest Margin (%) | ▲ | 5.71% | +0.10 | 5.60% |
| Efficiency Ratio (%) | ▲ | 35.19% | -1.97 | 37.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.66 | $4 |
| Cost of Funds (%) | ▲ | 0.97% | -0.04 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $417 | +44.13 | $372 |
| Gross Loans ($M) | ▲ | $353 | +32.37 | $320 |
| Loan Growth YoY (%) | ▼ | 95.83% | -1.26 | 97.09% |
| Total Deposits ($M) | ▲ | $358 | +37.10 | $321 |
| Shareholders Equity ($M) | ▲ | $57 | +6.78 | $51 |
| Tang. Book Value ($M) | ▲ | $57 | +6.78 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +6.70 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 95.83% | -1.26 | 97.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.12 | 0.04% |
| Allowance / Loans (%) | — | 2.65% | 0.00% | 2.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.13 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.72% | +0.21 | 16.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄██▇▆ | Net Interest Margin (%) | 5.27% | 5.35% | 5.44% | 5.60% | 5.96% | 5.94% | 5.83% | 5.71% |
| ▁▁▁▄██▆▅ | Return on Assets (%) | 3.47% | 3.55% | 3.51% | 3.76% | 4.14% | 4.20% | 3.98% | 3.89% |
| ██▆▆▃▁▁▃ | Efficiency Ratio (%) | 38.7% | 38.1% | 37.2% | 37.2% | 34.7% | 33.8% | 33.1% | 35.2% |
| ▃▃▃▄▁▁█▂ | Cost of Funds (%) | 0.99% | 0.98% | 1.00% | 1.01% | 0.91% | 0.89% | 1.21% | 0.97% |
| ▂▂▁▁▁▇▇█ | NPA / Assets (%) | 0.06% | 0.05% | 0.04% | 0.04% | 0.03% | 0.14% | 0.14% | 0.16% |
| ▃▃▂▂▁█▇█ | Net Charge-Off Ratio (%) | 0.07% | 0.06% | 0.05% | 0.05% | 0.02% | 0.16% | 0.15% | 0.17% |
| ▁▂▂▃▆█▆▇ | Tang. Book Value ($M) | $46 | $48 | $48 | $51 | $55 | $59 | $55 | $57 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $286 | $293 | $304 | $320 | $333 | $340 | $349 | $353 |
| ▁▂▂▂▇▇█▇ | Total Deposits ($M) | $307 | $316 | $320 | $321 | $358 | $359 | $372 | $358 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 11% |