Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.19 | 1.15% |
| Return on Equity (%) | ▲ | 14.26% | +1.29 | 12.97% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.32 | 2.79% |
| Efficiency Ratio (%) | ▲ | 40.51% | -9.80 | 50.31% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.53 | $1 |
| Cost of Funds (%) | ▲ | 2.69% | -0.29 | 2.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $329 | +34.72 | $294 |
| Gross Loans ($M) | ▲ | $171 | +20.26 | $151 |
| Loan Growth YoY (%) | ▲ | 64.56% | +3.34 | 61.23% |
| Total Deposits ($M) | ▲ | $262 | +17.81 | $244 |
| Shareholders Equity ($M) | ▲ | $31 | +4.41 | $27 |
| Tang. Book Value ($M) | ▲ | $31 | +4.46 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +5.12 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 64.56% | +3.34 | 61.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.21 | 0.27% |
| Allowance / Loans (%) | — | 1.07% | 0.26% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.41 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.27% | +0.57 | 16.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.37% | 2.42% | 2.52% | 2.79% | 2.87% | 2.91% | 2.97% | 3.12% |
| ▁▁▁▅▆▇▅█ | Return on Assets (%) | 0.85% | 0.89% | 0.83% | 1.15% | 1.21% | 1.25% | 1.14% | 1.34% |
| █▇█▅▃▂▄▁ | Efficiency Ratio (%) | 57.3% | 56.4% | 59.1% | 50.3% | 46.6% | 44.6% | 49.0% | 40.5% |
| ▇█▆▅▃▄▂▁ | Cost of Funds (%) | 3.12% | 3.23% | 3.03% | 2.98% | 2.86% | 2.91% | 2.81% | 2.69% |
| ▆▁█▇▇▅▅▂ | NPA / Assets (%) | 0.23% | 0.02% | 0.32% | 0.27% | 0.25% | 0.20% | 0.20% | 0.06% |
| ▇▁█▇▆▅▅▁ | Net Charge-Off Ratio (%) | 0.49% | 0.04% | 0.63% | 0.52% | 0.47% | 0.39% | 0.38% | 0.11% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $23 | $26 | $25 | $26 | $28 | $30 | $30 | $31 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $127 | $136 | $149 | $151 | $162 | $167 | $173 | $171 |
| ▁▁▁▂▄██▆ | Total Deposits ($M) | $240 | $238 | $241 | $244 | $255 | $275 | $273 | $262 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 44% |