Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.32 | 0.97% |
| Return on Equity (%) | ▲ | 10.82% | +1.59 | 9.23% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.60 | 3.68% |
| Efficiency Ratio (%) | ▲ | 58.87% | -4.05 | 62.92% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.12% | -0.29 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $388 | +3.33 | $385 |
| Gross Loans ($M) | ▲ | $239 | +11.67 | $228 |
| Loan Growth YoY (%) | ▲ | 69.65% | +3.54 | 66.11% |
| Total Deposits ($M) | ▼ | $340 | -0.43 | $341 |
| Shareholders Equity ($M) | ▲ | $47 | +4.72 | $42 |
| Tang. Book Value ($M) | ▲ | $37 | +4.80 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +5.26 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 69.65% | +3.54 | 66.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.22 | 0.21% |
| Allowance / Loans (%) | — | 1.09% | -0.10% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.69% | +0.55 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.94% | +0.72 | 14.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▂▃▄▆ | Net Interest Margin (%) | 4.46% | 4.45% | 4.50% | 3.68% | 3.85% | 3.90% | 4.04% | 4.28% |
| ██▇▁▂▂▃▆ | Return on Assets (%) | 1.47% | 1.43% | 1.37% | 0.97% | 1.08% | 1.07% | 1.16% | 1.29% |
| ▁▂▃█▇█▆▅ | Efficiency Ratio (%) | 54.4% | 55.7% | 56.7% | 62.9% | 61.1% | 61.9% | 59.9% | 58.9% |
| ▁▂▃█▇▆▃▁ | Cost of Funds (%) | 1.12% | 1.17% | 1.20% | 1.41% | 1.37% | 1.31% | 1.22% | 1.12% |
| ▁▃▃▄▃▇▂█ | NPA / Assets (%) | 0.01% | 0.13% | 0.13% | 0.21% | 0.14% | 0.36% | 0.10% | 0.43% |
| ▁▃▃▂▂▆▁█ | Net Charge-Off Ratio (%) | 0.01% | 0.21% | 0.21% | 0.13% | 0.15% | 0.51% | 0.06% | 0.69% |
| ▁▃▁▆▆▇██ | Tang. Book Value ($M) | $21 | $24 | $20 | $32 | $32 | $35 | $36 | $37 |
| ▁▁▁▇▇███ | Gross Loans ($M) | $154 | $153 | $151 | $228 | $227 | $232 | $238 | $239 |
| ▁▁▁█████ | Total Deposits ($M) | $206 | $212 | $217 | $341 | $340 | $343 | $337 | $340 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 19% |
| Agricultural | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |