Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.28 | 0.54% |
| Return on Equity (%) | ▲ | 9.56% | +2.75 | 6.81% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.29 | 3.62% |
| Efficiency Ratio (%) | ▲ | 64.53% | -8.48 | 73.00% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.22 | $1 |
| Cost of Funds (%) | ▲ | 2.36% | -0.18 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $779 | +175.49 | $603 |
| Gross Loans ($M) | ▲ | $663 | +176.73 | $486 |
| Loan Growth YoY (%) | ▲ | 101.98% | +13.40 | 88.59% |
| Total Deposits ($M) | ▲ | $644 | +100.22 | $544 |
| Shareholders Equity ($M) | ▲ | $67 | +19.24 | $48 |
| Tang. Book Value ($M) | ▲ | $67 | +19.24 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +19.47 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 101.98% | +13.40 | 88.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.10 | 0.08% |
| Allowance / Loans (%) | — | 1.00% | -0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.06 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.67% | +0.42 | 9.26% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▇▇█ | Net Interest Margin (%) | 3.49% | 3.53% | 3.54% | 3.62% | 3.75% | 3.82% | 3.84% | 3.90% |
| ▁▃▄▁▃▅▆█ | Return on Assets (%) | 0.57% | 0.63% | 0.67% | 0.54% | 0.62% | 0.69% | 0.74% | 0.82% |
| █▇▆█▆▄▃▁ | Efficiency Ratio (%) | 72.0% | 71.0% | 70.1% | 73.0% | 70.0% | 68.5% | 67.2% | 64.5% |
| ▆█▇▃▂▃▂▁ | Cost of Funds (%) | 2.87% | 3.07% | 2.91% | 2.54% | 2.54% | 2.60% | 2.47% | 2.36% |
| ▂▂▃▂▁█▇▇ | NPA / Assets (%) | 0.07% | 0.07% | 0.08% | 0.08% | 0.04% | 0.21% | 0.19% | 0.17% |
| ▃▃▄▄▁███ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.10% | 0.09% | 0.04% | 0.17% | 0.17% | 0.16% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $39 | $42 | $43 | $48 | $52 | $56 | $62 | $67 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $409 | $422 | $447 | $486 | $532 | $567 | $618 | $663 |
| ▁▂▂▄▅▆▆█ | Total Deposits ($M) | $455 | $479 | $494 | $544 | $555 | $581 | $590 | $644 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 19% |