Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.19% | -0.11 | 1.30% |
| Return on Equity (%) | ▼ | 10.22% | -2.64 | 12.86% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.47 | 3.89% |
| Efficiency Ratio (%) | ▼ | 70.62% | +4.33 | 66.29% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.31 | $2 |
| Cost of Funds (%) | ▲ | 1.36% | -0.28 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $662 | -14.18 | $676 |
| Gross Loans ($M) | ▼ | $427 | -2.10 | $429 |
| Loan Growth YoY (%) | ▲ | 73.26% | +0.43 | 72.83% |
| Total Deposits ($M) | ▼ | $576 | -6.79 | $583 |
| Shareholders Equity ($M) | ▲ | $77 | +7.33 | $69 |
| Tang. Book Value ($M) | ▲ | $59 | +7.60 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +7.51 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 73.26% | +0.43 | 72.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.14 | 0.04% |
| Allowance / Loans (%) | — | 1.18% | 0.09% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.22 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.29% | +1.21 | 13.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 3.31% | 3.35% | 3.46% | 3.89% | 3.97% | 4.05% | 4.15% | 4.36% |
| ▁▁▃████▇ | Return on Assets (%) | 0.69% | 0.76% | 0.85% | 1.30% | 1.26% | 1.28% | 1.32% | 1.19% |
| █▇▆▁▂▂▁▄ | Efficiency Ratio (%) | 76.5% | 75.2% | 73.8% | 66.3% | 67.6% | 67.7% | 67.4% | 70.6% |
| ███▅▅▄▃▁ | Cost of Funds (%) | 1.86% | 1.90% | 1.85% | 1.64% | 1.63% | 1.60% | 1.52% | 1.36% |
| ▃▃▁▂▂▆▇█ | NPA / Assets (%) | 0.06% | 0.07% | 0.01% | 0.04% | 0.03% | 0.12% | 0.15% | 0.18% |
| ▃▃▁▂▂▆▇█ | Net Charge-Off Ratio (%) | 0.10% | 0.11% | 0.01% | 0.06% | 0.05% | 0.18% | 0.24% | 0.28% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $45 | $51 | $48 | $52 | $54 | $57 | $60 | $59 |
| ▁▅▄▆▇█▅▆ | Gross Loans ($M) | $411 | $424 | $423 | $429 | $433 | $436 | $425 | $427 |
| ▁▄▄██▇▅▇ | Total Deposits ($M) | $534 | $553 | $553 | $583 | $583 | $577 | $561 | $576 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |