Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.18 | 1.49% |
| Return on Equity (%) | ▲ | 16.64% | +0.08 | 16.56% |
| Net Interest Margin (%) | ▲ | 5.20% | +0.14 | 5.06% |
| Efficiency Ratio (%) | ▲ | 55.58% | -4.55 | 60.13% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.57 | $3 |
| Cost of Funds (%) | ▲ | 1.17% | -0.21 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +14.15 | $555 |
| Gross Loans ($M) | ▲ | $416 | +20.11 | $396 |
| Loan Growth YoY (%) | ▲ | 81.07% | +3.09 | 77.98% |
| Total Deposits ($M) | ▲ | $504 | +4.30 | $500 |
| Shareholders Equity ($M) | ▲ | $58 | +8.10 | $50 |
| Tang. Book Value ($M) | ▲ | $58 | +8.10 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +8.70 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 81.07% | +3.09 | 77.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.07 | 0.56% |
| Allowance / Loans (%) | — | 1.75% | 0.21% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.72 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▂▇█▇ | Net Interest Margin (%) | 5.20% | 5.23% | 5.21% | 5.06% | 5.08% | 5.19% | 5.21% | 5.20% |
| ▁▁▁▄▄▆▇█ | Return on Assets (%) | 1.34% | 1.32% | 1.36% | 1.49% | 1.49% | 1.56% | 1.61% | 1.67% |
| ██▆▆▅▃▁▁ | Efficiency Ratio (%) | 62.7% | 62.1% | 60.7% | 60.1% | 59.4% | 57.7% | 56.4% | 55.6% |
| ▆█▆▅▅▅▃▁ | Cost of Funds (%) | 1.42% | 1.55% | 1.45% | 1.38% | 1.39% | 1.40% | 1.31% | 1.17% |
| ▅▁▁▁▁▂█▁ | NPA / Assets (%) | 1.03% | 0.57% | 0.63% | 0.56% | 0.57% | 0.70% | 1.33% | 0.63% |
| ▇▄▄▄▄▄█▁ | Net Charge-Off Ratio (%) | 1.42% | 0.77% | 0.88% | 0.79% | 0.81% | 0.95% | 1.86% | 0.08% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $45 | $47 | $48 | $50 | $52 | $55 | $56 | $58 |
| ▁▂▄▆▆█▇█ | Gross Loans ($M) | $351 | $362 | $381 | $396 | $403 | $421 | $405 | $416 |
| ▁▁▅▇██▇▇ | Total Deposits ($M) | $433 | $435 | $482 | $500 | $522 | $513 | $509 | $504 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 8% |