Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.34 | 1.15% |
| Return on Equity (%) | ▲ | 15.54% | +1.75 | 13.79% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.45 | 3.23% |
| Efficiency Ratio (%) | ▲ | 43.83% | -5.37 | 49.20% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.08 | $3 |
| Cost of Funds (%) | ▲ | 1.69% | -0.25 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $729 | +26.77 | $702 |
| Gross Loans ($M) | ▲ | $501 | +30.11 | $471 |
| Loan Growth YoY (%) | ▲ | 86.05% | +5.82 | 80.24% |
| Total Deposits ($M) | ▼ | $575 | -5.44 | $580 |
| Shareholders Equity ($M) | ▲ | $70 | +9.96 | $60 |
| Tang. Book Value ($M) | ▲ | $70 | +10.04 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +9.62 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 86.05% | +5.82 | 80.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.37 | 0.19% |
| Allowance / Loans (%) | — | 1.30% | 0.14% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.81% | +0.57 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.00% | 3.06% | 3.10% | 3.23% | 3.30% | 3.38% | 3.46% | 3.68% |
| ▁▂▁▂▃▄▃█ | Return on Assets (%) | 1.06% | 1.10% | 1.05% | 1.15% | 1.17% | 1.22% | 1.17% | 1.49% |
| ▇▆█▅▇▆▆▁ | Efficiency Ratio (%) | 51.1% | 50.5% | 52.9% | 49.2% | 51.6% | 50.3% | 50.4% | 43.8% |
| ▆██▅▄▄▂▁ | Cost of Funds (%) | 1.97% | 2.13% | 2.10% | 1.94% | 1.91% | 1.90% | 1.76% | 1.69% |
| ▁▁▁▁▁▃▃█ | NPA / Assets (%) | 0.21% | 0.20% | 0.20% | 0.19% | 0.17% | 0.30% | 0.27% | 0.56% |
| ▂▂▁▁▁▄▃█ | Net Charge-Off Ratio (%) | 0.30% | 0.29% | 0.25% | 0.23% | 0.18% | 0.43% | 0.37% | 0.81% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $54 | $60 | $57 | $60 | $62 | $67 | $69 | $70 |
| ▁▁▃▂▄▄█▇ | Gross Loans ($M) | $459 | $464 | $475 | $471 | $482 | $483 | $510 | $501 |
| ▆███▆█▁▆ | Total Deposits ($M) | $575 | $579 | $579 | $580 | $575 | $580 | $563 | $575 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 20% |
| Agricultural | 13% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |