Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.28 | 1.17% |
| Return on Equity (%) | ▲ | 16.99% | +1.98 | 15.01% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.45 | 2.63% |
| Efficiency Ratio (%) | ▲ | 51.53% | -5.35 | 56.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.13 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $401 | +2.13 | $399 |
| Gross Loans ($M) | ▲ | $235 | +9.25 | $225 |
| Loan Growth YoY (%) | ▲ | 63.20% | +2.67 | 60.54% |
| Total Deposits ($M) | ▼ | $367 | -0.58 | $367 |
| Shareholders Equity ($M) | ▲ | $34 | +2.59 | $31 |
| Tang. Book Value ($M) | ▲ | $34 | +2.59 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +3.17 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 63.20% | +2.67 | 60.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.07 | 0.20% |
| Allowance / Loans (%) | — | 1.26% | -0.13% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.13 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.16% | +0.10 | 17.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 2.66% | 2.64% | 2.66% | 2.63% | 2.78% | 2.88% | 2.94% | 3.08% |
| █▅▄▁▄▆▇█ | Return on Assets (%) | 1.41% | 1.33% | 1.27% | 1.17% | 1.29% | 1.36% | 1.40% | 1.45% |
| ▃▆██▆▅▄▁ | Efficiency Ratio (%) | 53.5% | 55.1% | 56.4% | 56.9% | 55.1% | 54.6% | 54.1% | 51.5% |
| ▅█▆▅██▁▁ | Cost of Funds (%) | 1.80% | 1.92% | 1.82% | 1.79% | 1.90% | 1.92% | 1.63% | 1.66% |
| ▃█▃▅▂▂▂▁ | NPA / Assets (%) | 0.17% | 0.27% | 0.17% | 0.20% | 0.15% | 0.14% | 0.14% | 0.12% |
| ▄█▃▅▁▁▁▁ | Net Charge-Off Ratio (%) | 0.31% | 0.47% | 0.31% | 0.35% | 0.24% | 0.24% | 0.24% | 0.21% |
| ▁▄▂▅▆███ | Tang. Book Value ($M) | $28 | $31 | $30 | $31 | $32 | $34 | $34 | $34 |
| ▁▁▄▆▅▆██ | Gross Loans ($M) | $209 | $211 | $219 | $225 | $225 | $226 | $232 | $235 |
| ▃▂▅█▆▁▆█ | Total Deposits ($M) | $347 | $342 | $352 | $367 | $358 | $335 | $356 | $367 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 16% |