Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.21 | 0.76% |
| Return on Equity (%) | ▲ | 9.41% | +1.31 | 8.10% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.38 | 3.36% |
| Efficiency Ratio (%) | ▼ | 66.38% | +3.64 | 62.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.35 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $557 | +2.29 | $555 |
| Gross Loans ($M) | ▲ | $414 | +20.40 | $394 |
| Loan Growth YoY (%) | ▲ | 91.57% | +2.40 | 89.17% |
| Total Deposits ($M) | ▲ | $447 | +10.84 | $437 |
| Shareholders Equity ($M) | ▲ | $58 | +4.23 | $54 |
| Tang. Book Value ($M) | ▲ | $56 | +4.40 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +3.34 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 91.57% | +2.40 | 89.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Allowance / Loans (%) | — | 1.14% | -0.06% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.06 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇▇█ | Net Interest Margin (%) | 2.78% | 2.96% | 3.05% | 3.36% | 3.44% | 3.50% | 3.61% | 3.74% |
| ▁▃▄▆▆▇▇█ | Return on Assets (%) | 0.31% | 0.51% | 0.61% | 0.76% | 0.77% | 0.81% | 0.88% | 0.97% |
| █▆▄▁▂▂▂▂ | Efficiency Ratio (%) | 85.3% | 77.4% | 72.3% | 62.7% | 66.8% | 67.5% | 66.8% | 66.4% |
| █▇▄▆▅▄▁▁ | Cost of Funds (%) | 2.18% | 2.10% | 1.91% | 2.03% | 1.96% | 1.87% | 1.73% | 1.68% |
| ▄▁█▅▃▂▁▂ | NPA / Assets (%) | 0.19% | 0.14% | 0.24% | 0.20% | 0.17% | 0.16% | 0.14% | 0.16% |
| ▅▁█▅▃▁▁▂ | Net Charge-Off Ratio (%) | 0.28% | 0.21% | 0.35% | 0.28% | 0.24% | 0.21% | 0.20% | 0.22% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $46 | $49 | $50 | $51 | $53 | $54 | $55 | $56 |
| ▁▃▆▅▇█▇█ | Gross Loans ($M) | $362 | $381 | $400 | $394 | $404 | $411 | $406 | $414 |
| ▁▃▅▆████ | Total Deposits ($M) | $406 | $422 | $435 | $437 | $448 | $450 | $453 | $447 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 13% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 20% |