Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.10 | 1.13% |
| Return on Equity (%) | ▲ | 10.62% | +0.82 | 9.80% |
| Net Interest Margin (%) | ▼ | 4.20% | -0.10 | 4.30% |
| Efficiency Ratio (%) | ▲ | 69.85% | -1.77 | 71.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▲ | 1.11% | -0.02 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $597 | +44.52 | $552 |
| Gross Loans ($M) | ▲ | $339 | +2.71 | $337 |
| Loan Growth YoY (%) | ▼ | 63.81% | -4.82 | 68.62% |
| Total Deposits ($M) | ▲ | $524 | +40.30 | $484 |
| Shareholders Equity ($M) | ▲ | $69 | +4.24 | $65 |
| Tang. Book Value ($M) | ▲ | $69 | +4.24 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +5.69 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 63.81% | -4.82 | 68.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.05 | 0.10% |
| Allowance / Loans (%) | — | 1.41% | 0.08% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.12 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.42% | +1.79 | 18.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇██▃ | Net Interest Margin (%) | 4.09% | 4.11% | 4.19% | 4.30% | 4.41% | 4.45% | 4.47% | 4.20% |
| ▇▆█▃▁▅▅▄ | Return on Assets (%) | 1.40% | 1.31% | 1.52% | 1.13% | 0.94% | 1.24% | 1.23% | 1.23% |
| ▇▄▁█▅▂▆▄ | Efficiency Ratio (%) | 71.2% | 69.9% | 68.5% | 71.6% | 70.1% | 68.9% | 70.5% | 69.8% |
| ██▆▃▁▁▅▃ | Cost of Funds (%) | 1.37% | 1.36% | 1.26% | 1.13% | 1.03% | 1.00% | 1.21% | 1.11% |
| ▁▂▅▄▄▆██ | NPA / Assets (%) | 0.06% | 0.07% | 0.11% | 0.10% | 0.10% | 0.12% | 0.14% | 0.15% |
| ▂▃▆▁▁▆▇█ | Net Charge-Off Ratio (%) | 0.10% | 0.13% | 0.17% | 0.09% | 0.09% | 0.16% | 0.18% | 0.20% |
| ▁▃▃▅▅▇██ | Tang. Book Value ($M) | $60 | $63 | $63 | $65 | $66 | $68 | $69 | $69 |
| ▁▁▁▃██▅▄ | Gross Loans ($M) | $329 | $330 | $330 | $337 | $355 | $355 | $344 | $339 |
| ▁▂▄▃▃█▇▇ | Total Deposits ($M) | $465 | $476 | $496 | $484 | $487 | $540 | $521 | $524 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |