Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.05 | 1.41% |
| Return on Equity (%) | ▼ | 13.41% | -0.28 | 13.69% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.24 | 3.67% |
| Efficiency Ratio (%) | ▼ | 59.53% | +3.87 | 55.65% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.10 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $404 | +35.91 | $368 |
| Gross Loans ($M) | ▲ | $298 | +34.03 | $264 |
| Loan Growth YoY (%) | ▲ | 81.35% | +1.88 | 79.46% |
| Total Deposits ($M) | ▲ | $361 | +33.77 | $327 |
| Shareholders Equity ($M) | ▲ | $40 | +2.37 | $38 |
| Tang. Book Value ($M) | ▲ | $38 | +2.54 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +2.44 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 81.35% | +1.88 | 79.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.89% | -0.06 | 0.95% |
| Allowance / Loans (%) | — | 1.44% | -0.04% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 1.20% | -0.12 | 1.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▅█ | Net Interest Margin (%) | 3.47% | 3.52% | 3.54% | 3.67% | 3.77% | 3.81% | 3.73% | 3.91% |
| ▁▁▅▆██▆▆ | Return on Assets (%) | 1.06% | 1.04% | 1.36% | 1.41% | 1.53% | 1.55% | 1.40% | 1.37% |
| ▃▂▁▃▁▁▅█ | Efficiency Ratio (%) | 55.4% | 54.7% | 54.4% | 55.7% | 53.7% | 53.7% | 56.8% | 59.5% |
| ▄▆█▃▃▂▁▁ | Cost of Funds (%) | 1.99% | 2.08% | 2.15% | 1.96% | 1.96% | 1.92% | 1.87% | 1.86% |
| ▁█▁▇▇▇▇▇ | NPA / Assets (%) | 0.03% | 1.13% | 0.09% | 0.95% | 0.93% | 0.88% | 0.86% | 0.89% |
| ▁█▁▇▇▇▆▆ | Net Charge-Off Ratio (%) | 0.04% | 1.63% | 0.13% | 1.33% | 1.32% | 1.27% | 1.18% | 1.20% |
| ▁▄▅▅▆███ | Tang. Book Value ($M) | $32 | $35 | $35 | $36 | $37 | $38 | $38 | $38 |
| ▁▁▂▂▂▂▆█ | Gross Loans ($M) | $253 | $254 | $259 | $264 | $262 | $261 | $282 | $298 |
| ▁▂▂▂▃▄▅█ | Total Deposits ($M) | $322 | $329 | $328 | $327 | $332 | $337 | $346 | $361 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |