Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.75% | +0.24 | 0.51% |
| Return on Equity (%) | ▲ | 10.27% | +2.73 | 7.54% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.42 | 3.34% |
| Efficiency Ratio (%) | ▲ | 73.41% | -4.99 | 78.40% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.64 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.11 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $731 | +28.97 | $702 |
| Gross Loans ($M) | ▲ | $555 | +47.73 | $507 |
| Loan Growth YoY (%) | ▲ | 84.32% | +4.96 | 79.36% |
| Total Deposits ($M) | ▲ | $651 | +18.85 | $632 |
| Shareholders Equity ($M) | ▲ | $53 | +6.30 | $47 |
| Tang. Book Value ($M) | ▲ | $53 | +6.30 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +6.65 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 84.32% | +4.96 | 79.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.03% | 0.00% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.83% | +0.14 | 10.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 3.04% | 3.13% | 3.19% | 3.34% | 3.38% | 3.43% | 3.52% | 3.76% |
| ▁▂▂▃▆▇██ | Return on Assets (%) | 0.40% | 0.45% | 0.47% | 0.51% | 0.64% | 0.67% | 0.74% | 0.75% |
| █▇▇▅▂▂▁▁ | Efficiency Ratio (%) | 83.2% | 81.3% | 80.7% | 78.4% | 74.9% | 74.0% | 72.5% | 73.4% |
| ▆▆█▄▇█▆▁ | Cost of Funds (%) | 2.00% | 2.01% | 2.06% | 1.97% | 2.05% | 2.08% | 2.02% | 1.86% |
| ██▁▁▄▃▁▇ | NPA / Assets (%) | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% |
| ██▁▁▄▄▁▇ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% | 0.02% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $43 | $45 | $45 | $47 | $49 | $51 | $53 | $53 |
| ▁▂▁▂▄▅▇█ | Gross Loans ($M) | $491 | $500 | $497 | $507 | $520 | $530 | $540 | $555 |
| ▁▃▃▆▇███ | Total Deposits ($M) | $576 | $600 | $599 | $632 | $638 | $646 | $643 | $651 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 15% |