Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.19% | -0.57 | 1.76% |
| Return on Equity (%) | ▼ | 10.98% | -4.94 | 15.92% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.38 | 4.09% |
| Efficiency Ratio (%) | ▲ | 56.55% | -0.08 | 56.62% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.72 | $4 |
| Cost of Funds (%) | ▲ | 1.60% | -0.15 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $925 | +171.84 | $753 |
| Gross Loans ($M) | ▲ | $670 | +128.68 | $541 |
| Loan Growth YoY (%) | ▲ | 83.40% | +1.76 | 81.64% |
| Total Deposits ($M) | ▲ | $789 | +134.59 | $655 |
| Shareholders Equity ($M) | ▲ | $95 | +8.76 | $87 |
| Tang. Book Value ($M) | ▲ | $89 | +2.19 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +3.52 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 83.40% | +1.76 | 81.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.19% | +0.78 | 0.41% |
| Allowance / Loans (%) | — | 1.74% | 0.49% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +1.07 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▆█ | Net Interest Margin (%) | 3.84% | 3.83% | 3.85% | 4.09% | 4.23% | 4.26% | 4.28% | 4.47% |
| ▅▅▅██▆▄▁ | Return on Assets (%) | 1.58% | 1.54% | 1.56% | 1.76% | 1.84% | 1.67% | 1.45% | 1.19% |
| ▅██▃▁▃▅▃ | Efficiency Ratio (%) | 57.8% | 59.7% | 59.7% | 56.6% | 55.3% | 56.6% | 58.0% | 56.5% |
| ▆▆█▄▂▃▁▁ | Cost of Funds (%) | 1.89% | 1.87% | 2.00% | 1.74% | 1.65% | 1.70% | 1.56% | 1.60% |
| ▂▁▁▁▁█▇▆ | NPA / Assets (%) | 0.50% | 0.35% | 0.45% | 0.41% | 0.34% | 1.54% | 1.37% | 1.19% |
| ▂▁▁▁▁██▇ | Net Charge-Off Ratio (%) | 0.73% | 0.49% | 0.62% | 0.57% | 0.45% | 2.01% | 1.84% | 1.64% |
| ▁▃▃▅▇██▇ | Tang. Book Value ($M) | $77 | $81 | $82 | $87 | $89 | $92 | $93 | $89 |
| ▁▃▃▂▃▄▅█ | Gross Loans ($M) | $506 | $551 | $563 | $541 | $564 | $578 | $605 | $670 |
| ▂▂▁▂▂▁▃█ | Total Deposits ($M) | $646 | $644 | $642 | $655 | $653 | $623 | $668 | $789 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 20% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 18% |