Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.16 | 1.17% |
| Return on Equity (%) | ▲ | 13.33% | +1.32 | 12.01% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.15 | 2.85% |
| Efficiency Ratio (%) | ▲ | 47.88% | -3.74 | 51.61% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.95 | $3 |
| Cost of Funds (%) | ▲ | 1.69% | -0.44 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,132 | +225.06 | $906 |
| Gross Loans ($M) | ▲ | $556 | +14.18 | $542 |
| Loan Growth YoY (%) | ▼ | 53.89% | -12.25 | 66.14% |
| Total Deposits ($M) | ▲ | $1,023 | +210.52 | $812 |
| Shareholders Equity ($M) | ▲ | $106 | +14.31 | $92 |
| Tang. Book Value ($M) | ▲ | $104 | +14.31 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +15.33 | $103 |
| Loan / Deposit Ratio (%) | ▼ | 53.89% | -12.25 | 66.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.31 | 0.13% |
| Allowance / Loans (%) | — | 0.90% | 0.01% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.68 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆████ | Net Interest Margin (%) | 2.46% | 2.48% | 2.54% | 2.85% | 2.96% | 3.01% | 3.03% | 3.01% |
| ▁▁▂▆▇▇▇█ | Return on Assets (%) | 0.84% | 0.84% | 0.91% | 1.17% | 1.27% | 1.26% | 1.26% | 1.33% |
| ██▇▃▂▂▂▁ | Efficiency Ratio (%) | 58.4% | 58.6% | 56.8% | 51.6% | 50.0% | 49.9% | 50.3% | 47.9% |
| ██▆▆▅▅▄▁ | Cost of Funds (%) | 2.29% | 2.37% | 2.19% | 2.13% | 2.04% | 2.10% | 1.96% | 1.69% |
| ▁▃▃▁▁█▄▃ | NPA / Assets (%) | 0.00% | 0.41% | 0.39% | 0.13% | 0.05% | 1.30% | 0.52% | 0.44% |
| ▁▆▆▂▁███ | Net Charge-Off Ratio (%) | 0.00% | 0.67% | 0.66% | 0.21% | 0.08% | 0.91% | 0.89% | 0.89% |
| ▁▃▁▃▄▇▇█ | Tang. Book Value ($M) | $83 | $90 | $85 | $89 | $92 | $100 | $100 | $104 |
| ▁▄▆▆▇███ | Gross Loans ($M) | $514 | $533 | $545 | $542 | $550 | $555 | $557 | $556 |
| ▁▁▂▂▁▁▃█ | Total Deposits ($M) | $794 | $776 | $837 | $812 | $804 | $789 | $845 | $1,023 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 37% |