Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.20 | 1.15% |
| Return on Equity (%) | ▲ | 13.09% | +0.37 | 12.72% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.45 | 3.29% |
| Efficiency Ratio (%) | ▼ | 60.63% | +0.32 | 60.30% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.26 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.22 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $740 | +5.47 | $734 |
| Gross Loans ($M) | ▲ | $522 | +14.86 | $507 |
| Loan Growth YoY (%) | ▲ | 80.50% | +2.62 | 77.88% |
| Total Deposits ($M) | ▼ | $640 | -2.96 | $643 |
| Shareholders Equity ($M) | ▲ | $76 | +8.49 | $68 |
| Tang. Book Value ($M) | ▲ | $64 | +8.84 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +7.69 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 80.50% | +2.62 | 77.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.05 | 0.06% |
| Allowance / Loans (%) | — | 1.37% | 0.03% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.34% | 3.28% | 3.29% | 3.29% | 3.43% | 3.51% | 3.56% | 3.74% |
| ▁▁▂▂▅███ | Return on Assets (%) | 1.11% | 1.09% | 1.15% | 1.15% | 1.25% | 1.36% | 1.34% | 1.35% |
| ██▅▅▂▁▂▅ | Efficiency Ratio (%) | 62.2% | 61.8% | 60.2% | 60.3% | 58.9% | 58.3% | 59.1% | 60.6% |
| ▃█▇▄▄▄▃▁ | Cost of Funds (%) | 1.80% | 2.13% | 2.02% | 1.83% | 1.81% | 1.81% | 1.80% | 1.61% |
| ▁▁▂▁▁█▂▂ | NPA / Assets (%) | 0.07% | 0.06% | 0.10% | 0.06% | 0.06% | 0.34% | 0.11% | 0.11% |
| ▂▂▂▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.10% | 0.09% | 0.13% | 0.08% | 0.08% | 0.47% | 0.03% | 0.03% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $49 | $55 | $53 | $56 | $57 | $61 | $63 | $64 |
| ▁▆▇▄▅▆█▇ | Gross Loans ($M) | $487 | $517 | $524 | $507 | $515 | $520 | $532 | $522 |
| ▁▅▆█▅▄▆█ | Total Deposits ($M) | $563 | $606 | $620 | $643 | $609 | $600 | $621 | $640 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 9% |
| Agricultural | 36% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |