Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.20% | -0.06 | 1.26% |
| Return on Equity (%) | ▼ | 12.36% | -1.50 | 13.86% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.28 | 4.07% |
| Efficiency Ratio (%) | ▼ | 58.98% | +2.14 | 56.84% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.37 | $3 |
| Cost of Funds (%) | ▲ | 1.79% | -0.30 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $861 | +56.64 | $804 |
| Gross Loans ($M) | ▲ | $677 | +63.85 | $613 |
| Loan Growth YoY (%) | ▲ | 91.41% | +2.49 | 88.92% |
| Total Deposits ($M) | ▲ | $731 | +50.38 | $681 |
| Shareholders Equity ($M) | ▲ | $83 | +10.56 | $72 |
| Tang. Book Value ($M) | ▲ | $82 | +10.80 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +11.43 | $76 |
| Loan / Deposit Ratio (%) | ▲ | 91.41% | +2.49 | 88.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.14 | 0.18% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.12 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.11% | -0.14 | 11.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▅█ | Net Interest Margin (%) | 3.82% | 3.87% | 3.94% | 4.07% | 4.07% | 4.09% | 4.13% | 4.35% |
| ▁▂▅█▆▇█▅ | Return on Assets (%) | 1.11% | 1.14% | 1.19% | 1.26% | 1.21% | 1.23% | 1.25% | 1.20% |
| ▁▁▁▃▅▄▄█ | Efficiency Ratio (%) | 56.0% | 56.2% | 56.3% | 56.8% | 57.5% | 57.2% | 57.3% | 59.0% |
| ▇█▇▅▅▅▄▁ | Cost of Funds (%) | 2.25% | 2.36% | 2.22% | 2.09% | 2.07% | 2.11% | 2.06% | 1.79% |
| █▅▆█▁▁▁▂ | NPA / Assets (%) | 0.16% | 0.12% | 0.12% | 0.18% | 0.01% | 0.02% | 0.01% | 0.04% |
| ▄▁▁█▁▁▁▃ | Net Charge-Off Ratio (%) | 0.07% | 0.00% | 0.00% | 0.17% | 0.00% | 0.02% | 0.02% | 0.05% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $64 | $68 | $69 | $71 | $75 | $77 | $81 | $82 |
| ▁▁▃▄▃▄▆█ | Gross Loans ($M) | $568 | $580 | $602 | $613 | $606 | $617 | $641 | $677 |
| ▁▁▁▅▆▇▇█ | Total Deposits ($M) | $611 | $623 | $617 | $681 | $701 | $712 | $704 | $731 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |