Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.87% | +0.48 | 2.39% |
| Return on Equity (%) | ▲ | 19.19% | +3.71 | 15.48% |
| Net Interest Margin (%) | ▲ | 5.02% | +0.18 | 4.83% |
| Efficiency Ratio (%) | ▲ | 26.84% | -9.08 | 35.92% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.27 | $3 |
| Cost of Funds (%) | ▲ | 1.28% | -0.07 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $539 | +66.53 | $473 |
| Gross Loans ($M) | ▲ | $415 | +37.08 | $378 |
| Loan Growth YoY (%) | ▼ | 92.30% | -4.57 | 96.86% |
| Total Deposits ($M) | ▲ | $446 | +58.43 | $387 |
| Shareholders Equity ($M) | ▲ | $80 | +7.52 | $73 |
| Tang. Book Value ($M) | ▲ | $78 | +7.97 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +7.58 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 92.30% | -4.57 | 96.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.49% | -0.82 | 1.31% |
| Allowance / Loans (%) | — | 0.89% | 0.14% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.85 | 1.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.34% | +0.23 | 14.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇█▄ | Net Interest Margin (%) | 4.65% | 4.60% | 4.69% | 4.83% | 5.11% | 5.31% | 5.45% | 5.02% |
| ▄▃▁▂▅▇▇█ | Return on Assets (%) | 2.57% | 2.49% | 2.30% | 2.39% | 2.63% | 2.76% | 2.76% | 2.87% |
| ▄▄▆█▆▅▄▁ | Efficiency Ratio (%) | 30.4% | 30.7% | 33.4% | 35.9% | 33.1% | 32.2% | 31.1% | 26.8% |
| ▂█▆▄▂▂▄▁ | Cost of Funds (%) | 1.31% | 1.43% | 1.39% | 1.36% | 1.31% | 1.32% | 1.34% | 1.28% |
| ▃▇██▇▂▃▁ | NPA / Assets (%) | 0.74% | 1.28% | 1.41% | 1.31% | 1.20% | 0.62% | 0.74% | 0.49% |
| ▅▆███▂▃▁ | Net Charge-Off Ratio (%) | 0.92% | 1.10% | 1.33% | 1.30% | 1.28% | 0.57% | 0.74% | 0.45% |
| ▁▁▁▃▅▇▆█ | Tang. Book Value ($M) | $67 | $67 | $68 | $70 | $73 | $75 | $74 | $78 |
| ▁▁▁▂▃█▇█ | Gross Loans ($M) | $372 | $371 | $368 | $378 | $382 | $412 | $407 | $415 |
| ▁▁▁▂▄▆▆█ | Total Deposits ($M) | $378 | $377 | $379 | $387 | $410 | $423 | $424 | $446 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 14% |