Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.51 | 0.46% |
| Return on Equity (%) | ▲ | 9.77% | +4.33 | 5.44% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.60 | 2.76% |
| Efficiency Ratio (%) | ▲ | 63.34% | -11.96 | 75.30% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.83 | $1 |
| Cost of Funds (%) | ▲ | 2.35% | -0.55 | 2.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $525 | +71.09 | $454 |
| Gross Loans ($M) | ▲ | $357 | +49.21 | $308 |
| Loan Growth YoY (%) | ▲ | 79.60% | +3.90 | 75.70% |
| Total Deposits ($M) | ▲ | $444 | +42.11 | $402 |
| Shareholders Equity ($M) | ▲ | $51 | +13.18 | $38 |
| Tang. Book Value ($M) | ▲ | $51 | +13.24 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +14.33 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 79.60% | +3.90 | 75.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.04 | 0.11% |
| Allowance / Loans (%) | — | 0.93% | -0.14% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.17 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.49% | +1.56 | 9.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▃▆█ | Net Interest Margin (%) | 2.68% | 2.69% | 2.80% | 2.76% | 2.92% | 2.92% | 3.14% | 3.36% |
| ▁▁▁▃▅▄▅█ | Return on Assets (%) | 0.29% | 0.33% | 0.33% | 0.46% | 0.68% | 0.60% | 0.66% | 0.97% |
| ██▇▅▁▃▁▁ | Efficiency Ratio (%) | 82.9% | 81.9% | 80.1% | 75.3% | 64.3% | 68.4% | 65.4% | 63.3% |
| ▇█▇▆▇▆▃▁ | Cost of Funds (%) | 3.06% | 3.18% | 3.06% | 2.90% | 3.01% | 2.91% | 2.60% | 2.35% |
| ▃▂▁▁██▇▃ | NPA / Assets (%) | 0.15% | 0.14% | 0.12% | 0.11% | 0.22% | 0.22% | 0.20% | 0.15% |
| ▆▆▅▅███▁ | Net Charge-Off Ratio (%) | 0.22% | 0.21% | 0.17% | 0.17% | 0.32% | 0.32% | 0.29% | 0.00% |
| ▁▁▁▁▂███ | Tang. Book Value ($M) | $36 | $37 | $37 | $38 | $39 | $50 | $51 | $51 |
| ▁▁▃▄▄▅██ | Gross Loans ($M) | $277 | $285 | $303 | $308 | $313 | $326 | $353 | $357 |
| ▁▃▂▅▄▆▆█ | Total Deposits ($M) | $341 | $367 | $355 | $402 | $384 | $411 | $413 | $444 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 20% |
| Agricultural | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |