Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.41 | 1.61% |
| Return on Equity (%) | ▲ | 24.35% | +3.89 | 20.46% |
| Net Interest Margin (%) | ▲ | 5.15% | +0.28 | 4.87% |
| Efficiency Ratio (%) | ▲ | 60.60% | -5.42 | 66.03% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.26 | $3 |
| Cost of Funds (%) | ▲ | 1.53% | -0.45 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $944 | +116.26 | $828 |
| Gross Loans ($M) | ▲ | $737 | +64.23 | $672 |
| Loan Growth YoY (%) | ▼ | 87.23% | -2.04 | 89.27% |
| Total Deposits ($M) | ▲ | $834 | +90.19 | $744 |
| Shareholders Equity ($M) | ▲ | $76 | +10.68 | $65 |
| Tang. Book Value ($M) | ▲ | $76 | +10.68 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +10.44 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 87.23% | -2.04 | 89.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.72% | -0.15 | 0.88% |
| Allowance / Loans (%) | — | 1.20% | -0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇▇██ | Net Interest Margin (%) | 4.52% | 4.57% | 4.60% | 4.87% | 5.03% | 5.09% | 5.18% | 5.15% |
| ▁▁▁▄▆█▅█ | Return on Assets (%) | 1.35% | 1.40% | 1.35% | 1.61% | 1.81% | 1.94% | 1.76% | 2.02% |
| ███▅▄▂▃▁ | Efficiency Ratio (%) | 70.8% | 69.7% | 69.5% | 66.0% | 64.6% | 63.0% | 64.3% | 60.6% |
| ██▆▄▄▃▃▁ | Cost of Funds (%) | 2.54% | 2.44% | 2.19% | 1.98% | 1.91% | 1.91% | 1.83% | 1.53% |
| ▁▁▄▄▅▄█▃ | NPA / Assets (%) | 0.21% | 0.19% | 0.92% | 0.88% | 1.06% | 0.88% | 1.87% | 0.72% |
| ▂▂▁▁▂▁█▁ | Net Charge-Off Ratio (%) | 0.26% | 0.18% | 0.01% | 0.01% | 0.28% | 0.09% | 1.31% | 0.00% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $60 | $63 | $62 | $65 | $68 | $72 | $73 | $76 |
| ▁▃▂▄▃▅▅█ | Gross Loans ($M) | $609 | $643 | $636 | $672 | $654 | $675 | $685 | $737 |
| ▁▃▄▅▄▄▄█ | Total Deposits ($M) | $639 | $700 | $725 | $744 | $718 | $721 | $729 | $834 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 24% |
| Agricultural | 5% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 13% |