Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.57% | +0.93 | 2.64% |
| Return on Equity (%) | ▲ | 23.70% | +3.88 | 19.82% |
| Net Interest Margin (%) | ▲ | 6.00% | +0.53 | 5.47% |
| Efficiency Ratio (%) | ▲ | 43.63% | -11.03 | 54.66% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.74 | $2 |
| Cost of Funds (%) | ▲ | 0.71% | -0.07 | 0.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $303 | +3.83 | $299 |
| Gross Loans ($M) | ▲ | $237 | +43.11 | $194 |
| Loan Growth YoY (%) | ▲ | 89.92% | +16.79 | 73.13% |
| Total Deposits ($M) | ▼ | $259 | -1.00 | $260 |
| Shareholders Equity ($M) | ▲ | $44 | +5.28 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.28 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +3.72 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 89.92% | +16.79 | 73.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.19 | 0.09% |
| Allowance / Loans (%) | — | 1.81% | -0.21% | 2.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.26 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.73% | -1.52 | 22.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 5.42% | 5.43% | 5.46% | 5.47% | 5.63% | 5.73% | 5.85% | 6.00% |
| ▄▄▃▁▄▅▄█ | Return on Assets (%) | 3.11% | 3.09% | 2.93% | 2.64% | 3.09% | 3.16% | 3.10% | 3.57% |
| ▂▂▄█▅▄▄▁ | Efficiency Ratio (%) | 45.7% | 46.3% | 47.8% | 54.7% | 49.2% | 48.5% | 48.2% | 43.6% |
| ▆█▇▃▄▃▄▁ | Cost of Funds (%) | 0.86% | 0.93% | 0.89% | 0.78% | 0.81% | 0.78% | 0.81% | 0.71% |
| ▄▆▃▁▁▁▂█ | NPA / Assets (%) | 0.16% | 0.21% | 0.15% | 0.09% | 0.10% | 0.08% | 0.10% | 0.28% |
| ▄▅▃▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.21% | 0.25% | 0.18% | 0.09% | 0.10% | 0.10% | 0.13% | 0.35% |
| ▁▄▃▃▅███ | Tang. Book Value ($M) | $36 | $39 | $39 | $39 | $41 | $44 | $45 | $44 |
| ▁▁▂▂▅▆██ | Gross Loans ($M) | $183 | $188 | $193 | $194 | $210 | $223 | $235 | $237 |
| ▃▁▄█▇▅▂█ | Total Deposits ($M) | $241 | $231 | $243 | $260 | $255 | $248 | $238 | $259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |