Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.44 | 0.95% |
| Return on Equity (%) | ▲ | 14.73% | +3.56 | 11.17% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.44 | 3.84% |
| Efficiency Ratio (%) | ▲ | 51.84% | -6.29 | 58.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $2 |
| Cost of Funds (%) | ▲ | 1.73% | -0.23 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $451 | -3.65 | $454 |
| Gross Loans ($M) | ▲ | $351 | +17.68 | $333 |
| Loan Growth YoY (%) | ▲ | 91.77% | +7.90 | 83.87% |
| Total Deposits ($M) | ▼ | $379 | -15.41 | $394 |
| Shareholders Equity ($M) | ▲ | $43 | +4.04 | $39 |
| Tang. Book Value ($M) | ▲ | $41 | +4.33 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +4.09 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 91.77% | +7.90 | 83.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.00% | +0.01 | 1.00% |
| Allowance / Loans (%) | — | 0.78% | 0.16% | 0.63% |
| Net Charge-Off Ratio (%) | ▲ | 1.29% | -0.07 | 1.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.03% | +0.40 | 10.64% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▄█ | Net Interest Margin (%) | 3.66% | 3.66% | 3.69% | 3.84% | 3.89% | 3.91% | 3.92% | 4.28% |
| ▁▂▂▂▂▃▃█ | Return on Assets (%) | 0.83% | 0.92% | 0.91% | 0.95% | 0.96% | 1.02% | 0.98% | 1.39% |
| █▇▇▅▄▄▅▁ | Efficiency Ratio (%) | 64.0% | 61.8% | 61.3% | 58.1% | 57.7% | 56.8% | 58.2% | 51.8% |
| ▄▅▇▄▅▅█▁ | Cost of Funds (%) | 1.94% | 2.02% | 2.11% | 1.95% | 2.03% | 2.04% | 2.23% | 1.73% |
| ▁██▆▅▆▇▆ | NPA / Assets (%) | 0.20% | 1.30% | 1.44% | 1.00% | 0.84% | 1.05% | 1.18% | 1.00% |
| ▁██▆▅▆▇▅ | Net Charge-Off Ratio (%) | 0.25% | 1.74% | 1.93% | 1.36% | 1.09% | 1.36% | 1.51% | 1.29% |
| ▁▃▂▄▆█▇█ | Tang. Book Value ($M) | $33 | $36 | $35 | $37 | $39 | $40 | $40 | $41 |
| ▁▃▁▂▆█▆▇ | Gross Loans ($M) | $330 | $337 | $329 | $333 | $347 | $356 | $350 | $351 |
| ▁▃▆█▇█▆▅ | Total Deposits ($M) | $350 | $367 | $382 | $394 | $390 | $399 | $383 | $379 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 15% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |