Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.29 | 0.92% |
| Return on Equity (%) | ▲ | 13.65% | +1.54 | 12.11% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.46 | 3.19% |
| Efficiency Ratio (%) | ▲ | 53.02% | -4.79 | 57.81% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.69 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.12 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $679 | +32.72 | $646 |
| Gross Loans ($M) | ▲ | $476 | +22.93 | $453 |
| Loan Growth YoY (%) | ▲ | 76.38% | +0.90 | 75.48% |
| Total Deposits ($M) | ▲ | $616 | +22.23 | $594 |
| Shareholders Equity ($M) | ▲ | $60 | +10.10 | $50 |
| Tang. Book Value ($M) | ▲ | $60 | +10.20 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +10.14 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 76.38% | +0.90 | 75.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.20 | 0.15% |
| Allowance / Loans (%) | — | 1.26% | 0.07% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.28 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.51% | 2.52% | 2.63% | 3.19% | 3.29% | 3.34% | 3.40% | 3.65% |
| ▁▁▁▅▆▇▇█ | Return on Assets (%) | 0.49% | 0.51% | 0.54% | 0.92% | 0.98% | 1.03% | 1.07% | 1.21% |
| ██▇▂▂▂▂▁ | Efficiency Ratio (%) | 73.7% | 72.7% | 71.0% | 57.8% | 55.8% | 55.9% | 57.0% | 53.0% |
| ▇█▇▃▃▄▃▁ | Cost of Funds (%) | 1.95% | 2.04% | 1.96% | 1.71% | 1.70% | 1.79% | 1.75% | 1.58% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.13% | 0.35% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.19% | 0.20% | 0.22% | 0.22% | 0.20% | 0.21% | 0.18% | 0.50% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $44 | $48 | $46 | $49 | $52 | $56 | $59 | $60 |
| ▁▂▅▆████ | Gross Loans ($M) | $388 | $405 | $435 | $453 | $469 | $467 | $471 | $476 |
| ▁▄▃▆▆█▆█ | Total Deposits ($M) | $553 | $583 | $572 | $594 | $598 | $617 | $599 | $616 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |