Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.25 | 1.04% |
| Return on Equity (%) | ▲ | 12.55% | +2.70 | 9.85% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.23 | 3.98% |
| Efficiency Ratio (%) | ▲ | 58.80% | -6.23 | 65.03% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.92 | $2 |
| Cost of Funds (%) | ▲ | 1.56% | -0.04 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $772 | +82.58 | $689 |
| Gross Loans ($M) | ▲ | $494 | +88.74 | $405 |
| Loan Growth YoY (%) | ▲ | 71.02% | +5.61 | 65.41% |
| Total Deposits ($M) | ▲ | $688 | +76.00 | $612 |
| Shareholders Equity ($M) | ▲ | $78 | +5.95 | $72 |
| Tang. Book Value ($M) | ▲ | $73 | +5.95 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +4.87 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 71.02% | +5.61 | 65.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.09% | -0.13% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.04 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.20% | -2.31 | 16.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃█▇██ | Net Interest Margin (%) | 3.87% | 3.90% | 3.98% | 3.98% | 4.18% | 4.17% | 4.20% | 4.22% |
| ▄▆▇▁▅▆██ | Return on Assets (%) | 1.15% | 1.21% | 1.25% | 1.04% | 1.19% | 1.22% | 1.30% | 1.29% |
| ▄▂▁█▄▃▁▁ | Efficiency Ratio (%) | 61.4% | 60.1% | 59.4% | 65.0% | 61.3% | 60.7% | 59.5% | 58.8% |
| ▁▇█▅▄▅▄▃ | Cost of Funds (%) | 1.50% | 1.63% | 1.66% | 1.60% | 1.58% | 1.59% | 1.58% | 1.56% |
| ▁▁▁█▇▄▃▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% | 0.01% | 0.01% | 0.01% |
| ▁▁▁█▇▄▃▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.05% | 0.04% | 0.02% | 0.01% | 0.01% |
| ▁▃▃▂▅▆██ | Tang. Book Value ($M) | $65 | $68 | $68 | $67 | $70 | $71 | $74 | $73 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $363 | $381 | $396 | $405 | $427 | $440 | $467 | $494 |
| ▁▁▁▂▂▃▆█ | Total Deposits ($M) | $590 | $587 | $594 | $612 | $612 | $623 | $658 | $688 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 16% |