Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.28% | +0.61 | 1.67% |
| Return on Equity (%) | ▲ | 22.41% | +5.49 | 16.92% |
| Net Interest Margin (%) | ▲ | 4.90% | +0.42 | 4.47% |
| Efficiency Ratio (%) | ▲ | 53.65% | -8.77 | 62.42% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.84 | $4 |
| Cost of Funds (%) | ▲ | 2.12% | -0.29 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,016 | +95.14 | $921 |
| Gross Loans ($M) | ▲ | $784 | +93.07 | $691 |
| Loan Growth YoY (%) | ▲ | 85.64% | +2.74 | 82.89% |
| Total Deposits ($M) | ▲ | $905 | +82.29 | $823 |
| Shareholders Equity ($M) | ▲ | $102 | +11.41 | $91 |
| Tang. Book Value ($M) | ▲ | $102 | +11.41 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +11.49 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 85.64% | +2.74 | 82.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.24 | 0.14% |
| Allowance / Loans (%) | — | 1.12% | -0.15% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.31 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▄▇██ | Net Interest Margin (%) | 4.52% | 4.56% | 4.55% | 4.47% | 4.65% | 4.79% | 4.89% | 4.90% |
| ▁▂▂▁▁▄▅█ | Return on Assets (%) | 1.62% | 1.78% | 1.78% | 1.67% | 1.67% | 1.87% | 2.00% | 2.28% |
| ▅▄▅██▆▄▁ | Efficiency Ratio (%) | 59.0% | 57.6% | 58.3% | 62.4% | 62.5% | 59.8% | 58.0% | 53.7% |
| ▅██▅▆▃▁▁ | Cost of Funds (%) | 2.43% | 2.63% | 2.59% | 2.41% | 2.46% | 2.31% | 2.18% | 2.12% |
| ▂▂▁▁███▄ | NPA / Assets (%) | 0.20% | 0.22% | 0.12% | 0.14% | 0.63% | 0.69% | 0.70% | 0.38% |
| ▂▂▁▁▇██▄ | Net Charge-Off Ratio (%) | 0.26% | 0.28% | 0.16% | 0.18% | 0.79% | 0.90% | 0.87% | 0.49% |
| ▁▂▄▃▄▆██ | Tang. Book Value ($M) | $85 | $88 | $91 | $91 | $91 | $96 | $101 | $102 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $644 | $659 | $665 | $691 | $710 | $744 | $777 | $784 |
| ▁▁▅▅▃▅▇█ | Total Deposits ($M) | $733 | $749 | $824 | $823 | $784 | $834 | $872 | $905 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 21% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 25% |