Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.23 | 0.84% |
| Return on Equity (%) | ▲ | 12.13% | +1.77 | 10.36% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.61 | 3.53% |
| Efficiency Ratio (%) | ▲ | 65.59% | -3.81 | 69.40% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.87 | $2 |
| Cost of Funds (%) | ▲ | 1.75% | -0.15 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $856 | +31.20 | $825 |
| Gross Loans ($M) | ▲ | $686 | +51.38 | $634 |
| Loan Growth YoY (%) | ▲ | 96.98% | +8.33 | 88.65% |
| Total Deposits ($M) | ▼ | $696 | -8.21 | $705 |
| Shareholders Equity ($M) | ▲ | $77 | +8.95 | $68 |
| Tang. Book Value ($M) | ▲ | $75 | +9.02 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +8.23 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 96.98% | +8.33 | 88.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.12 | 0.23% |
| Allowance / Loans (%) | — | 1.49% | -0.02% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.16 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.30 | 10.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.94% | 3.01% | 3.11% | 3.53% | 3.56% | 3.67% | 3.73% | 4.14% |
| ▁▁▂▄▅▆▆█ | Return on Assets (%) | 0.62% | 0.64% | 0.73% | 0.84% | 0.90% | 0.95% | 0.95% | 1.07% |
| ██▆▄▂▁▂▁ | Efficiency Ratio (%) | 75.5% | 75.0% | 72.7% | 69.4% | 67.7% | 66.7% | 67.3% | 65.6% |
| ██▅▂▂▂▂▁ | Cost of Funds (%) | 2.43% | 2.43% | 2.12% | 1.90% | 1.85% | 1.87% | 1.88% | 1.75% |
| ▁▁▁▃▃▂█▁ | NPA / Assets (%) | 0.04% | 0.05% | 0.09% | 0.23% | 0.21% | 0.15% | 0.71% | 0.11% |
| ▁▁▁▃▃▂█▁ | Net Charge-Off Ratio (%) | 0.05% | 0.07% | 0.11% | 0.29% | 0.27% | 0.19% | 0.88% | 0.13% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $60 | $64 | $63 | $66 | $68 | $71 | $73 | $75 |
| ▁▁▃▁▄▇█▇ | Gross Loans ($M) | $628 | $626 | $647 | $634 | $658 | $681 | $697 | $686 |
| ██▁▂▆▅▁▁ | Total Deposits ($M) | $738 | $733 | $698 | $705 | $723 | $721 | $696 | $696 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |