Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.43 | 1.07% |
| Return on Equity (%) | ▲ | 15.39% | +2.58 | 12.81% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.40 | 3.49% |
| Efficiency Ratio (%) | ▲ | 62.24% | -6.66 | 68.90% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $2 |
| Cost of Funds (%) | ▲ | 1.14% | -0.17 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $638 | +10.15 | $627 |
| Gross Loans ($M) | ▲ | $408 | +9.21 | $399 |
| Loan Growth YoY (%) | ▲ | 75.94% | +3.15 | 72.79% |
| Total Deposits ($M) | ▼ | $531 | -10.89 | $542 |
| Shareholders Equity ($M) | ▲ | $62 | +9.34 | $53 |
| Tang. Book Value ($M) | ▲ | $55 | +9.41 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +9.71 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 75.94% | +3.15 | 72.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.01 | 0.08% |
| Allowance / Loans (%) | — | 1.17% | 0.07% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.01 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.34% | +1.11 | 13.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 3.28% | 3.32% | 3.39% | 3.49% | 3.60% | 3.65% | 3.70% | 3.89% |
| ▁▁▂▃▄▅▅█ | Return on Assets (%) | 0.86% | 0.87% | 0.95% | 1.07% | 1.16% | 1.19% | 1.23% | 1.50% |
| ██▇▅▄▄▃▁ | Efficiency Ratio (%) | 74.2% | 74.0% | 72.7% | 68.9% | 67.4% | 67.0% | 66.1% | 62.2% |
| ▆█▆▄▄▃▁▁ | Cost of Funds (%) | 1.40% | 1.51% | 1.42% | 1.31% | 1.31% | 1.28% | 1.18% | 1.14% |
| █▆▃▃▃▁▂▃ | NPA / Assets (%) | 0.16% | 0.12% | 0.08% | 0.08% | 0.09% | 0.04% | 0.07% | 0.08% |
| █▆▂▃▃▁▂▃ | Net Charge-Off Ratio (%) | 0.25% | 0.18% | 0.11% | 0.13% | 0.12% | 0.07% | 0.11% | 0.12% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $39 | $46 | $42 | $45 | $48 | $52 | $54 | $55 |
| ▃▃▆▅▂▁▆█ | Gross Loans ($M) | $392 | $394 | $400 | $399 | $389 | $385 | $401 | $408 |
| ▁▁▄██▇▆▆ | Total Deposits ($M) | $502 | $498 | $519 | $542 | $545 | $536 | $531 | $531 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 6% |