Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.20 | 0.68% |
| Return on Equity (%) | ▲ | 10.56% | +2.20 | 8.36% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.35 | 3.01% |
| Efficiency Ratio (%) | ▲ | 64.54% | -5.65 | 70.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.59 | $2 |
| Cost of Funds (%) | ▲ | 1.41% | -0.09 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $683 | +22.44 | $661 |
| Gross Loans ($M) | ▲ | $441 | +25.94 | $415 |
| Loan Growth YoY (%) | ▲ | 76.21% | +2.11 | 74.10% |
| Total Deposits ($M) | ▲ | $573 | +17.94 | $555 |
| Shareholders Equity ($M) | ▲ | $57 | +2.72 | $55 |
| Tang. Book Value ($M) | ▲ | $52 | +2.71 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +2.12 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 76.21% | +2.11 | 74.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.30 | 0.19% |
| Allowance / Loans (%) | — | 1.08% | 0.07% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.76% | +0.46 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 2.54% | 2.59% | 2.66% | 3.01% | 3.23% | 3.24% | 3.28% | 3.36% |
| ▁▂▃▄▇███ | Return on Assets (%) | 0.50% | 0.57% | 0.60% | 0.68% | 0.84% | 0.86% | 0.90% | 0.88% |
| █▇▆▄▂▁▁▁ | Efficiency Ratio (%) | 76.9% | 73.8% | 73.1% | 70.2% | 65.9% | 65.1% | 64.0% | 64.5% |
| ▇██▃▂▃▂▁ | Cost of Funds (%) | 1.65% | 1.71% | 1.68% | 1.50% | 1.45% | 1.50% | 1.46% | 1.41% |
| ▃▃▃▃▁▁██ | NPA / Assets (%) | 0.21% | 0.20% | 0.21% | 0.19% | 0.07% | 0.11% | 0.47% | 0.49% |
| ▃▃▃▃▁▁██ | Net Charge-Off Ratio (%) | 0.32% | 0.33% | 0.33% | 0.30% | 0.12% | 0.17% | 0.72% | 0.76% |
| ▁▆▂▆▇▅▇█ | Tang. Book Value ($M) | $43 | $49 | $45 | $49 | $50 | $48 | $50 | $52 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $381 | $388 | $398 | $415 | $427 | $430 | $443 | $441 |
| ▁▁▂▄██▅█ | Total Deposits ($M) | $544 | $542 | $547 | $555 | $573 | $577 | $563 | $573 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |