Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -0.37 | 2.14% |
| Return on Equity (%) | ▼ | 25.81% | -13.06 | 38.87% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.14 | 3.56% |
| Efficiency Ratio (%) | ▼ | 50.27% | +8.04 | 42.22% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.17 | $5 |
| Cost of Funds (%) | ▲ | 2.02% | -0.05 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $995 | +68.07 | $927 |
| Gross Loans ($M) | ▲ | $654 | +120.60 | $533 |
| Loan Growth YoY (%) | ▲ | 69.71% | +9.05 | 60.66% |
| Total Deposits ($M) | ▲ | $924 | +57.64 | $867 |
| Shareholders Equity ($M) | ▲ | $64 | +14.47 | $50 |
| Tang. Book Value ($M) | ▲ | $64 | +14.47 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +15.56 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 69.71% | +9.05 | 60.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Allowance / Loans (%) | — | 1.46% | 0.05% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.08 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▅▅▁▄▆█▄ | Net Interest Margin (%) | 3.60% | 3.71% | 3.73% | 3.56% | 3.70% | 3.76% | 3.85% | 3.70% |
| ▇█▇▇██▇▁ | Return on Assets (%) | 2.10% | 2.17% | 2.14% | 2.14% | 2.20% | 2.17% | 2.12% | 1.77% |
| ▂▁▂▂▁▁▂█ | Efficiency Ratio (%) | 42.2% | 40.9% | 42.3% | 42.2% | 41.8% | 41.2% | 43.0% | 50.3% |
| ▂▅█▃▃▃▁▂ | Cost of Funds (%) | 2.04% | 2.15% | 2.28% | 2.07% | 2.05% | 2.06% | 1.98% | 2.02% |
| ▁▁▁▁▁▁▅█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.05% |
| ▁▁▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.08% |
| ▁▃▂▂▃▆█▇ | Tang. Book Value ($M) | $44 | $53 | $50 | $50 | $51 | $61 | $69 | $64 |
| ▁▂▃▃▄▆██ | Gross Loans ($M) | $475 | $502 | $538 | $533 | $553 | $605 | $633 | $654 |
| ▁▂▄▆▄▆▅█ | Total Deposits ($M) | $750 | $775 | $816 | $867 | $836 | $860 | $841 | $924 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 37% |