Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.19 | 1.02% |
| Return on Equity (%) | ▲ | 11.92% | +1.00 | 10.92% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.29 | 2.78% |
| Efficiency Ratio (%) | ▲ | 50.90% | -6.04 | 56.94% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.97 | $3 |
| Cost of Funds (%) | ▲ | 1.82% | -0.10 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $975 | +86.91 | $888 |
| Gross Loans ($M) | ▲ | $602 | +30.88 | $571 |
| Loan Growth YoY (%) | ▼ | 68.30% | -2.42 | 70.72% |
| Total Deposits ($M) | ▲ | $874 | +73.41 | $800 |
| Shareholders Equity ($M) | ▲ | $98 | +12.72 | $85 |
| Tang. Book Value ($M) | ▲ | $97 | +12.72 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +15.74 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 68.30% | -2.42 | 70.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 0.89% | -0.02% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.44% | 2.49% | 2.54% | 2.78% | 2.87% | 2.92% | 2.98% | 3.08% |
| ▁▁▂▅▆▇██ | Return on Assets (%) | 0.78% | 0.82% | 0.87% | 1.02% | 1.09% | 1.14% | 1.17% | 1.21% |
| ██▇▆▄▂▂▁ | Efficiency Ratio (%) | 60.4% | 60.1% | 59.2% | 56.9% | 55.2% | 53.3% | 52.2% | 50.9% |
| ▆█▅▂▂▁▂▁ | Cost of Funds (%) | 2.26% | 2.42% | 2.13% | 1.92% | 1.90% | 1.86% | 1.90% | 1.82% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.04% |
| ▁▁▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.06% |
| ▁▄▁▃▅███ | Tang. Book Value ($M) | $78 | $86 | $80 | $85 | $88 | $95 | $96 | $97 |
| ▃▃▁▂▃▅▅█ | Gross Loans ($M) | $575 | $576 | $566 | $571 | $576 | $586 | $586 | $602 |
| ▁▁▁▁▄▆▆█ | Total Deposits ($M) | $794 | $797 | $800 | $800 | $824 | $848 | $844 | $874 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |