Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.07 | 0.66% |
| Return on Equity (%) | ▲ | 9.53% | +0.18 | 9.35% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.59 | 3.64% |
| Efficiency Ratio (%) | ▲ | 71.62% | -3.46 | 75.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.01 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $673 | +65.86 | $607 |
| Gross Loans ($M) | ▲ | $497 | +104.50 | $393 |
| Loan Growth YoY (%) | ▲ | 81.47% | +11.28 | 70.19% |
| Total Deposits ($M) | ▲ | $603 | +50.83 | $552 |
| Shareholders Equity ($M) | ▲ | $51 | +7.36 | $44 |
| Tang. Book Value ($M) | ▲ | $43 | +7.43 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +5.69 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 81.47% | +11.28 | 70.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.19 | 0.51% |
| Allowance / Loans (%) | — | 1.26% | -0.13% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.35 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.82% | -1.46 | 12.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▅█ | Net Interest Margin (%) | 3.14% | 3.23% | 3.32% | 3.64% | 3.69% | 3.76% | 3.81% | 4.23% |
| ▅▃▁▃██▇▅ | Return on Assets (%) | 0.72% | 0.67% | 0.59% | 0.66% | 0.84% | 0.84% | 0.80% | 0.73% |
| ▂▄█▇▂▁▁▂ | Efficiency Ratio (%) | 71.5% | 73.3% | 76.3% | 75.1% | 71.8% | 70.8% | 71.1% | 71.6% |
| ██▆▁▁▃▁▁ | Cost of Funds (%) | 1.54% | 1.56% | 1.45% | 1.26% | 1.28% | 1.35% | 1.26% | 1.25% |
| ▁▁▁█▃▃▆▅ | NPA / Assets (%) | 0.08% | 0.09% | 0.10% | 0.51% | 0.21% | 0.20% | 0.40% | 0.33% |
| ▁▁▁█▃▃▆▄ | Net Charge-Off Ratio (%) | 0.13% | 0.13% | 0.16% | 0.79% | 0.32% | 0.30% | 0.59% | 0.44% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $29 | $34 | $33 | $36 | $37 | $40 | $42 | $43 |
| ▁▁▁▁▃▄▅█ | Gross Loans ($M) | $378 | $391 | $389 | $393 | $418 | $433 | $452 | $497 |
| ▁▁▂▃▄▇▇█ | Total Deposits ($M) | $526 | $532 | $542 | $552 | $564 | $586 | $586 | $603 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 23% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |