Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.05 | 0.95% |
| Return on Equity (%) | ▼ | 11.88% | -1.67 | 13.55% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.33 | 3.16% |
| Efficiency Ratio (%) | ▼ | 64.72% | +0.71 | 64.02% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.35 | $3 |
| Cost of Funds (%) | ▲ | 1.45% | -0.10 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $941 | +52.93 | $888 |
| Gross Loans ($M) | ▲ | $605 | +63.97 | $541 |
| Loan Growth YoY (%) | ▲ | 76.11% | +3.38 | 72.73% |
| Total Deposits ($M) | ▲ | $789 | +50.77 | $738 |
| Shareholders Equity ($M) | ▲ | $79 | +14.20 | $64 |
| Tang. Book Value ($M) | ▲ | $77 | +14.15 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +13.27 | $76 |
| Loan / Deposit Ratio (%) | ▲ | 76.11% | +3.38 | 72.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Allowance / Loans (%) | — | 0.85% | -0.03% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.15% | +0.28 | 12.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 3.07% | 3.09% | 3.11% | 3.16% | 3.23% | 3.31% | 3.37% | 3.49% |
| ▁▁▃▁▆▇█▂ | Return on Assets (%) | 0.96% | 0.97% | 1.02% | 0.95% | 1.10% | 1.13% | 1.15% | 1.00% |
| ▆▄▁▇▃▂▁█ | Efficiency Ratio (%) | 63.2% | 61.7% | 60.0% | 64.0% | 61.4% | 60.7% | 59.7% | 64.7% |
| ███▆▆▃▁▂ | Cost of Funds (%) | 1.62% | 1.63% | 1.63% | 1.55% | 1.57% | 1.48% | 1.41% | 1.45% |
| ▇█▇▁▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.04% | 0.04% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▇█▇▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.08% | 0.06% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▃▂▄▆▇██ | Tang. Book Value ($M) | $54 | $61 | $58 | $63 | $69 | $73 | $75 | $77 |
| ▁▁▁▃▃▄▆█ | Gross Loans ($M) | $511 | $509 | $513 | $541 | $544 | $548 | $576 | $605 |
| ▁▃▅▄▄▅▇█ | Total Deposits ($M) | $706 | $728 | $748 | $738 | $747 | $754 | $775 | $789 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 9% |