Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.28 | 0.49% |
| Return on Equity (%) | ▲ | 10.91% | +2.04 | 8.87% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.21 | 3.70% |
| Efficiency Ratio (%) | ▲ | 76.63% | -6.28 | 82.91% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▼ | 1.97% | +0.05 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $424 | +54.09 | $370 |
| Gross Loans ($M) | ▲ | $311 | +34.45 | $277 |
| Loan Growth YoY (%) | ▲ | 81.83% | +2.82 | 79.01% |
| Total Deposits ($M) | ▲ | $377 | +29.82 | $347 |
| Shareholders Equity ($M) | ▲ | $29 | +9.49 | $19 |
| Tang. Book Value ($M) | ▲ | $29 | +9.49 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +10.75 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 81.83% | +2.82 | 79.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.03 | 0.17% |
| Allowance / Loans (%) | — | 0.93% | -0.03% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.05 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.83% | +1.13 | 10.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇███ | Net Interest Margin (%) | 3.11% | 3.15% | 3.16% | 3.70% | 3.80% | 3.82% | 3.86% | 3.91% |
| ▁▂▂▄▆▇██ | Return on Assets (%) | 0.28% | 0.37% | 0.39% | 0.49% | 0.64% | 0.68% | 0.71% | 0.77% |
| █▇▆▅▂▁▁▂ | Efficiency Ratio (%) | 88.4% | 86.4% | 84.2% | 82.9% | 77.0% | 74.9% | 74.2% | 76.6% |
| ▄▅█▁▁▁▂▁ | Cost of Funds (%) | 2.19% | 2.32% | 2.63% | 1.92% | 1.92% | 1.90% | 2.01% | 1.97% |
| ▁▆▁▆▆▅██ | NPA / Assets (%) | 0.08% | 0.16% | 0.09% | 0.17% | 0.18% | 0.15% | 0.21% | 0.21% |
| ▁▁▁▆▆▅██ | Net Charge-Off Ratio (%) | 0.12% | 0.10% | 0.12% | 0.23% | 0.23% | 0.20% | 0.29% | 0.28% |
| ▁▁▁▁▁▆██ | Tang. Book Value ($M) | $20 | $20 | $20 | $19 | $20 | $27 | $30 | $29 |
| ▁▂▄▄▆▇▇█ | Gross Loans ($M) | $244 | $257 | $271 | $277 | $286 | $298 | $300 | $311 |
| ▃▆▁▄▄▅▄█ | Total Deposits ($M) | $339 | $357 | $324 | $347 | $346 | $353 | $347 | $377 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 5% |