Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.47% | -0.11 | 1.58% |
| Return on Equity (%) | ▼ | 11.85% | -0.14 | 11.99% |
| Net Interest Margin (%) | ▼ | 2.90% | -0.23 | 3.13% |
| Efficiency Ratio (%) | ▼ | 41.57% | +0.23 | 41.34% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.38 | $3 |
| Cost of Funds (%) | ▼ | 1.84% | +0.09 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $755 | +141.74 | $614 |
| Gross Loans ($M) | ▲ | $382 | +13.43 | $369 |
| Loan Growth YoY (%) | ▼ | 57.55% | -11.82 | 69.37% |
| Total Deposits ($M) | ▲ | $654 | +130.80 | $524 |
| Shareholders Equity ($M) | ▲ | $95 | +10.93 | $84 |
| Tang. Book Value ($M) | ▲ | $93 | +11.02 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +12.65 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 57.55% | -11.82 | 69.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.41% | -0.04% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.19% | +0.75 | 21.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇█▆▅▁ | Net Interest Margin (%) | 2.90% | 2.93% | 2.97% | 3.13% | 3.18% | 3.09% | 3.04% | 2.90% |
| ▁▁▁▇█▇▃▃ | Return on Assets (%) | 1.40% | 1.42% | 1.41% | 1.58% | 1.62% | 1.57% | 1.46% | 1.47% |
| ███▁▁▂▆▁ | Efficiency Ratio (%) | 46.9% | 46.4% | 46.7% | 41.3% | 42.0% | 42.1% | 45.3% | 41.6% |
| ▆▇▁▃██▇▇ | Cost of Funds (%) | 1.82% | 1.83% | 1.67% | 1.75% | 1.88% | 1.89% | 1.84% | 1.84% |
| █▃▁▁▁▃▁▁ | NPA / Assets (%) | 0.09% | 0.03% | 0.01% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% |
| █▃▁▁▁▄▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.05% | 0.02% | 0.00% | 0.00% | 0.06% | 0.01% | 0.01% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $75 | $83 | $80 | $82 | $84 | $90 | $93 | $93 |
| ▁▁▃▄▅▇██ | Gross Loans ($M) | $360 | $358 | $366 | $369 | $371 | $376 | $381 | $382 |
| ▁▁▃▂▃▅██ | Total Deposits ($M) | $503 | $514 | $549 | $524 | $552 | $593 | $660 | $654 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |