Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.87% | -0.09 | 0.96% |
| Return on Equity (%) | ▼ | 8.22% | -2.20 | 10.42% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.41 | 2.53% |
| Efficiency Ratio (%) | ▲ | 61.66% | -0.22 | 61.89% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.09 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.15 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $750 | +5.75 | $744 |
| Gross Loans ($M) | ▲ | $395 | +49.33 | $345 |
| Loan Growth YoY (%) | ▲ | 60.04% | +7.31 | 52.73% |
| Total Deposits ($M) | ▲ | $645 | +4.21 | $640 |
| Shareholders Equity ($M) | ▲ | $80 | +9.22 | $71 |
| Tang. Book Value ($M) | ▲ | $80 | +9.22 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +7.38 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 60.04% | +7.31 | 52.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.23 | 0.26% |
| Allowance / Loans (%) | — | 1.96% | -0.28% | 2.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.49 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.26% | 2.26% | 2.27% | 2.53% | 2.59% | 2.67% | 2.73% | 2.93% |
| ▁▁▁█▇▇▆▇ | Return on Assets (%) | 0.49% | 0.50% | 0.54% | 0.96% | 0.87% | 0.87% | 0.83% | 0.87% |
| █▇▆▁▃▃▂▁ | Efficiency Ratio (%) | 70.5% | 69.3% | 67.9% | 61.9% | 64.9% | 64.0% | 63.8% | 61.7% |
| ▆██▃▄▃▂▁ | Cost of Funds (%) | 2.14% | 2.22% | 2.27% | 1.96% | 2.01% | 1.94% | 1.87% | 1.81% |
| ▁▁██▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.03% | 0.26% | 0.26% | 0.02% | 0.02% | 0.02% | 0.03% |
| ▁▁██▁▁▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.56% | 0.56% | 0.04% | 0.03% | 0.03% | 0.06% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $62 | $69 | $67 | $71 | $73 | $76 | $78 | $80 |
| ▁▂▂▁▂▄▇█ | Gross Loans ($M) | $339 | $349 | $352 | $345 | $347 | $365 | $384 | $395 |
| ▃█▇▇▁▁▄█ | Total Deposits ($M) | $625 | $642 | $640 | $640 | $617 | $615 | $630 | $645 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 19% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 7% |