Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.38 | 0.97% |
| Return on Equity (%) | ▲ | 11.25% | +2.18 | 9.07% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.22 | 3.92% |
| Efficiency Ratio (%) | ▲ | 50.65% | -7.09 | 57.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.09 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $485 | +1.18 | $484 |
| Gross Loans ($M) | ▲ | $293 | +17.17 | $276 |
| Loan Growth YoY (%) | ▲ | 70.41% | +5.04 | 65.38% |
| Total Deposits ($M) | ▼ | $408 | -5.66 | $414 |
| Shareholders Equity ($M) | ▲ | $58 | +5.05 | $53 |
| Tang. Book Value ($M) | ▲ | $48 | +6.22 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +5.76 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 70.41% | +5.04 | 65.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.05 | 0.17% |
| Allowance / Loans (%) | — | 1.79% | -0.00% | 1.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.07 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.03% | +0.88 | 13.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▁▂▇▇███ | Net Interest Margin (%) | 3.83% | 2.86% | 3.12% | 3.92% | 3.94% | 4.00% | 4.04% | 4.15% |
| ▆▁▂▅▆▆▆█ | Return on Assets (%) | 1.00% | 0.38% | 0.51% | 0.97% | 1.02% | 1.07% | 1.07% | 1.35% |
| ▆█▇▃▂▂▂▁ | Efficiency Ratio (%) | 68.8% | 78.1% | 74.7% | 57.7% | 56.8% | 55.8% | 54.6% | 50.6% |
| ▁██▃▄▃▂▁ | Cost of Funds (%) | 1.66% | 2.01% | 2.04% | 1.77% | 1.83% | 1.79% | 1.71% | 1.68% |
| ▁▁▁▆▂███ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.17% | 0.04% | 0.25% | 0.25% | 0.22% |
| ▁▁▁▆▂███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.29% | 0.06% | 0.41% | 0.39% | 0.37% |
| ▁▃▂▄▆███ | Tang. Book Value ($M) | $37 | $40 | $39 | $42 | $44 | $47 | $47 | $48 |
| ▁█▇▇▇▇██ | Gross Loans ($M) | $203 | $292 | $284 | $276 | $285 | $285 | $298 | $293 |
| ▁███▇▇▇█ | Total Deposits ($M) | $249 | $423 | $409 | $414 | $396 | $390 | $388 | $408 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |