Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.25% | +1.04 | 1.21% |
| Return on Equity (%) | ▲ | 20.56% | +9.83 | 10.73% |
| Net Interest Margin (%) | ▲ | 5.73% | +0.82 | 4.91% |
| Efficiency Ratio (%) | ▲ | 46.72% | -13.86 | 60.58% |
| Pre-Provision Profit ($M) | ▲ | $5 | +3.07 | $1 |
| Cost of Funds (%) | ▲ | 1.00% | -0.49 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $780 | +446.71 | $334 |
| Gross Loans ($M) | ▲ | $425 | +235.18 | $190 |
| Loan Growth YoY (%) | ▼ | 61.08% | -2.43 | 63.51% |
| Total Deposits ($M) | ▲ | $687 | +391.18 | $296 |
| Shareholders Equity ($M) | ▲ | $89 | +53.14 | $36 |
| Tang. Book Value ($M) | ▲ | $64 | +35.80 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +42.24 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 61.08% | -2.43 | 63.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.15 | 0.18% |
| Allowance / Loans (%) | — | 1.24% | 0.26% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.14 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▄█ | Net Interest Margin (%) | 4.73% | 4.67% | 4.78% | 4.91% | 5.08% | 5.11% | 5.16% | 5.73% |
| ▁▁▁▁▂▂▆█ | Return on Assets (%) | 1.21% | 1.16% | 1.17% | 1.21% | 1.30% | 1.40% | 1.90% | 2.25% |
| ████▆▅▂▁ | Efficiency Ratio (%) | 61.7% | 60.9% | 60.0% | 60.6% | 57.9% | 55.8% | 50.3% | 46.7% |
| ▄██▅▅▆▄▁ | Cost of Funds (%) | 1.46% | 1.93% | 1.91% | 1.49% | 1.57% | 1.59% | 1.37% | 1.00% |
| ▁▃█▅▄▂▁▁ | NPA / Assets (%) | 0.04% | 0.12% | 0.29% | 0.18% | 0.14% | 0.08% | 0.05% | 0.03% |
| ▃▆█▄▂▁▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.27% | 0.37% | 0.15% | 0.09% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▁▁▃▄█ | Tang. Book Value ($M) | $26 | $28 | $27 | $28 | $31 | $36 | $40 | $64 |
| ▁▁▂▃▄▄▅█ | Gross Loans ($M) | $94 | $124 | $152 | $190 | $221 | $258 | $269 | $425 |
| ▁▁▁▂▂▃▄█ | Total Deposits ($M) | $238 | $246 | $251 | $296 | $324 | $372 | $416 | $687 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 25% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 10% |