Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.37 | 1.60% |
| Return on Equity (%) | ▲ | 18.12% | +1.85 | 16.27% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.66 | 3.69% |
| Efficiency Ratio (%) | ▲ | 55.53% | -2.01 | 57.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.61 | $2 |
| Cost of Funds (%) | ▲ | 1.50% | -0.44 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $584 | +13.27 | $570 |
| Gross Loans ($M) | ▲ | $468 | +47.96 | $420 |
| Loan Growth YoY (%) | ▲ | 92.75% | +1.56 | 91.19% |
| Total Deposits ($M) | ▲ | $499 | +43.55 | $456 |
| Shareholders Equity ($M) | ▲ | $63 | +6.70 | $57 |
| Tang. Book Value ($M) | ▲ | $61 | +6.70 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +6.47 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 92.75% | +1.56 | 91.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.07% |
| Allowance / Loans (%) | — | 1.01% | -0.01% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.02 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.60% | 3.65% | 3.65% | 3.69% | 3.82% | 3.92% | 4.03% | 4.36% |
| ▁▁▄▃▃▄▃█ | Return on Assets (%) | 1.41% | 1.47% | 1.67% | 1.60% | 1.61% | 1.67% | 1.59% | 1.97% |
| █▅▂▃▃▃▇▁ | Efficiency Ratio (%) | 61.4% | 59.0% | 56.5% | 57.5% | 57.7% | 57.5% | 60.2% | 55.5% |
| ▆███▇▆▃▁ | Cost of Funds (%) | 1.86% | 1.93% | 1.97% | 1.94% | 1.87% | 1.81% | 1.68% | 1.50% |
| ▁▇▆█▁▁▅▇ | NPA / Assets (%) | 0.03% | 0.06% | 0.05% | 0.07% | 0.03% | 0.03% | 0.05% | 0.06% |
| ▁▇▆█▂▁▄▆ | Net Charge-Off Ratio (%) | 0.04% | 0.08% | 0.07% | 0.09% | 0.04% | 0.03% | 0.06% | 0.08% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $49 | $51 | $52 | $54 | $55 | $58 | $59 | $61 |
| ▁▄▄▃▄▅▇█ | Gross Loans ($M) | $392 | $422 | $421 | $420 | $423 | $438 | $450 | $468 |
| ▂▁▃▃▄▃▇█ | Total Deposits ($M) | $442 | $431 | $453 | $456 | $463 | $455 | $491 | $499 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |