Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.66 | 0.02% |
| Return on Equity (%) | ▲ | 7.76% | +7.52 | 0.24% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.54 | 3.17% |
| Efficiency Ratio (%) | ▲ | 74.61% | -22.43 | 97.04% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.23 | $-0 |
| Cost of Funds (%) | ▼ | 1.44% | +0.03 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $554 | +30.05 | $524 |
| Gross Loans ($M) | ▲ | $386 | +53.91 | $332 |
| Loan Growth YoY (%) | ▲ | 83.77% | +10.39 | 73.38% |
| Total Deposits ($M) | ▲ | $456 | +8.56 | $448 |
| Shareholders Equity ($M) | ▲ | $49 | +5.76 | $43 |
| Tang. Book Value ($M) | ▲ | $47 | +6.34 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +5.36 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 83.77% | +10.39 | 73.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.02% | -0.10% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▅▆▇█ | Net Interest Margin (%) | 2.87% | 2.98% | 3.08% | 3.17% | 3.35% | 3.46% | 3.58% | 3.71% |
| ▇██▁▆▇██ | Return on Assets (%) | 0.54% | 0.63% | 0.62% | 0.02% | 0.48% | 0.57% | 0.65% | 0.68% |
| ▃▂▂█▃▁▁▁ | Efficiency Ratio (%) | 80.6% | 78.1% | 77.9% | 97.0% | 81.7% | 77.4% | 75.6% | 74.6% |
| ██▃▃▂▁▁▄ | Cost of Funds (%) | 1.58% | 1.55% | 1.42% | 1.42% | 1.38% | 1.37% | 1.34% | 1.44% |
| ▆▂▁▁▁▂▂█ | NPA / Assets (%) | 0.08% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.09% |
| ▇▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.12% | 0.08% | 0.08% | 0.08% | 0.07% | 0.08% | 0.08% | 0.13% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $37 | $42 | $40 | $41 | $42 | $45 | $47 | $47 |
| ▁▁▁▁▁▃██ | Gross Loans ($M) | $339 | $335 | $338 | $332 | $338 | $353 | $383 | $386 |
| █▆▆▅▁▁██ | Total Deposits ($M) | $455 | $450 | $450 | $448 | $438 | $436 | $457 | $456 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |