Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.87% | +0.13 | 1.74% |
| Return on Equity (%) | ▼ | 17.32% | -0.03 | 17.35% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.41 | 3.87% |
| Efficiency Ratio (%) | ▲ | 53.11% | -2.93 | 56.04% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.11 | $2 |
| Cost of Funds (%) | ▲ | 1.83% | -0.48 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $650 | +178.40 | $471 |
| Gross Loans ($M) | ▲ | $505 | +113.73 | $391 |
| Loan Growth YoY (%) | ▼ | 89.53% | -4.79 | 94.32% |
| Total Deposits ($M) | ▲ | $557 | +147.52 | $410 |
| Shareholders Equity ($M) | ▲ | $70 | +22.63 | $47 |
| Tang. Book Value ($M) | ▲ | $66 | +18.78 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +19.56 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 89.53% | -4.79 | 94.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.17 | 0.06% |
| Allowance / Loans (%) | — | 1.18% | -0.02% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.22 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.18% | +1.87 | 12.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▃▅█ | Net Interest Margin (%) | 3.68% | 3.72% | 3.76% | 3.87% | 4.09% | 3.88% | 4.00% | 4.28% |
| ▂▃▃▆▇▁▂█ | Return on Assets (%) | 1.48% | 1.51% | 1.54% | 1.74% | 1.78% | 1.36% | 1.48% | 1.87% |
| ███▄▅▆▆▁ | Efficiency Ratio (%) | 59.6% | 59.7% | 59.5% | 56.0% | 56.7% | 57.4% | 57.3% | 53.1% |
| ▆█▇▅▅▄▁▁ | Cost of Funds (%) | 2.38% | 2.68% | 2.48% | 2.31% | 2.27% | 2.21% | 1.92% | 1.83% |
| ▂▁▂▁▁▂▁█ | NPA / Assets (%) | 0.07% | 0.05% | 0.07% | 0.06% | 0.05% | 0.08% | 0.06% | 0.22% |
| ▂▁▂▁▁▂▁█ | Net Charge-Off Ratio (%) | 0.09% | 0.05% | 0.08% | 0.07% | 0.06% | 0.10% | 0.08% | 0.29% |
| ▁▁▁▁▂███ | Tang. Book Value ($M) | $45 | $46 | $46 | $47 | $48 | $64 | $65 | $66 |
| ▁▁▁▁▂▇██ | Gross Loans ($M) | $377 | $378 | $389 | $391 | $396 | $484 | $489 | $505 |
| ▁▁▁▂▁▇██ | Total Deposits ($M) | $390 | $386 | $406 | $410 | $398 | $532 | $547 | $557 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 9% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |