Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.24 | 1.26% |
| Return on Equity (%) | ▲ | 18.39% | +0.87 | 17.52% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.21 | 3.56% |
| Efficiency Ratio (%) | ▲ | 61.01% | -1.75 | 62.75% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.43 | $3 |
| Cost of Funds (%) | ▲ | 1.32% | -0.24 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $856 | +52.83 | $803 |
| Gross Loans ($M) | ▲ | $471 | +0.15 | $471 |
| Loan Growth YoY (%) | ▼ | 60.50% | -4.14 | 64.64% |
| Total Deposits ($M) | ▲ | $764 | +48.64 | $715 |
| Shareholders Equity ($M) | ▲ | $70 | +9.44 | $60 |
| Tang. Book Value ($M) | ▲ | $66 | +9.44 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +12.17 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 60.50% | -4.14 | 64.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.12 | 0.16% |
| Allowance / Loans (%) | — | 1.87% | 0.07% | 1.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.20 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.26% | 3.29% | 3.34% | 3.56% | 3.66% | 3.72% | 3.71% | 3.77% |
| ▁▁▂▅▅▆▆█ | Return on Assets (%) | 0.98% | 1.02% | 1.07% | 1.26% | 1.26% | 1.32% | 1.31% | 1.51% |
| ██▇▂▃▂▃▁ | Efficiency Ratio (%) | 70.0% | 69.4% | 68.2% | 62.8% | 64.0% | 63.0% | 63.9% | 61.0% |
| ███▆▃▄▁▁ | Cost of Funds (%) | 1.70% | 1.71% | 1.69% | 1.57% | 1.46% | 1.48% | 1.37% | 1.32% |
| ▁▁▁▄█▃▃▁ | NPA / Assets (%) | 0.05% | 0.05% | 0.04% | 0.16% | 0.31% | 0.11% | 0.12% | 0.04% |
| ▁▁▁▄█▃▃▁ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.07% | 0.27% | 0.53% | 0.19% | 0.21% | 0.08% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $49 | $59 | $52 | $56 | $58 | $63 | $65 | $66 |
| ▁▂█▅▆▄▄▅ | Gross Loans ($M) | $448 | $457 | $489 | $471 | $474 | $463 | $467 | $471 |
| ▂▂▁▄▄▃▆█ | Total Deposits ($M) | $700 | $696 | $683 | $715 | $714 | $703 | $741 | $764 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 7% |
| Agricultural | 16% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |