Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.46 | 0.66% |
| Return on Equity (%) | ▲ | 12.05% | +4.39 | 7.66% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.16 | 3.21% |
| Efficiency Ratio (%) | ▲ | 66.02% | -4.98 | 70.99% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▼ | 1.91% | +0.13 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $407 | +21.34 | $386 |
| Gross Loans ($M) | ▲ | $224 | +25.83 | $198 |
| Loan Growth YoY (%) | ▲ | 60.70% | +4.28 | 56.42% |
| Total Deposits ($M) | ▲ | $364 | +17.55 | $346 |
| Shareholders Equity ($M) | ▲ | $37 | +3.76 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +3.79 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +3.75 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 60.70% | +4.28 | 56.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.01 | 0.39% |
| Allowance / Loans (%) | — | 1.49% | -0.01% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.70% | -0.06 | 0.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▃▄▅ | Net Interest Margin (%) | 3.47% | 3.48% | 3.43% | 3.21% | 3.26% | 3.28% | 3.32% | 3.37% |
| ▆█▆▁▄▄▄█ | Return on Assets (%) | 1.00% | 1.11% | 0.99% | 0.66% | 0.83% | 0.84% | 0.85% | 1.12% |
| ▁▁▄▇▇██▃ | Efficiency Ratio (%) | 64.5% | 63.7% | 67.5% | 71.0% | 71.3% | 72.0% | 72.4% | 66.0% |
| ▁▂▄▆██▇█ | Cost of Funds (%) | 1.35% | 1.46% | 1.64% | 1.77% | 1.88% | 1.93% | 1.81% | 1.91% |
| ▁▁▁▁██▁▁ | NPA / Assets (%) | 0.41% | 0.41% | 0.39% | 0.39% | 0.64% | 0.64% | 0.39% | 0.38% |
| ▃▁▃▃██▃▂ | Net Charge-Off Ratio (%) | 0.77% | 0.54% | 0.76% | 0.76% | 1.19% | 1.19% | 0.72% | 0.70% |
| ▁▅▂▄▆▇██ | Tang. Book Value ($M) | $29 | $34 | $31 | $32 | $34 | $35 | $37 | $36 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $186 | $187 | $194 | $198 | $205 | $205 | $217 | $224 |
| ▁▂▅▆▄▃██ | Total Deposits ($M) | $317 | $326 | $342 | $346 | $340 | $330 | $360 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 6% |
| Agricultural | 14% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |