Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.05 | 0.65% |
| Return on Equity (%) | ▼ | 7.32% | -0.27 | 7.59% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.29 | 3.11% |
| Efficiency Ratio (%) | ▲ | 75.84% | -3.58 | 79.42% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 0.87% | -0.08 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $780 | -11.32 | $791 |
| Gross Loans ($M) | ▲ | $477 | +25.24 | $451 |
| Loan Growth YoY (%) | ▲ | 68.58% | +5.47 | 63.11% |
| Total Deposits ($M) | ▼ | $685 | -19.37 | $704 |
| Shareholders Equity ($M) | ▲ | $76 | +7.39 | $68 |
| Tang. Book Value ($M) | ▲ | $76 | +7.40 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +5.91 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 68.58% | +5.47 | 63.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.25 | 0.00% |
| Allowance / Loans (%) | — | 1.44% | -0.09% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.40 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.17% | +0.17 | 16.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▆█ | Net Interest Margin (%) | 2.88% | 2.89% | 2.93% | 3.11% | 3.20% | 3.23% | 3.24% | 3.40% |
| ▃▁▁▇████ | Return on Assets (%) | 0.46% | 0.37% | 0.41% | 0.65% | 0.71% | 0.73% | 0.70% | 0.70% |
| █▇▇▄▃▂▃▁ | Efficiency Ratio (%) | 83.8% | 82.6% | 82.5% | 79.4% | 77.8% | 77.4% | 78.4% | 75.8% |
| ▆██▃▃▃▃▁ | Cost of Funds (%) | 1.01% | 1.09% | 1.07% | 0.95% | 0.95% | 0.94% | 0.94% | 0.87% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.25% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.40% |
| ▁▂▃▄▅▇▇█ | Tang. Book Value ($M) | $62 | $65 | $66 | $68 | $70 | $72 | $74 | $76 |
| ▁▂▃▃▅▆█▇ | Gross Loans ($M) | $438 | $448 | $453 | $451 | $462 | $469 | $482 | $477 |
| ▁█▆█▅▅▁▄ | Total Deposits ($M) | $671 | $708 | $698 | $704 | $693 | $690 | $671 | $685 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 8% |