Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.40 | 1.18% |
| Return on Equity (%) | ▲ | 12.80% | +2.48 | 10.32% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.64 | 3.19% |
| Efficiency Ratio (%) | ▲ | 48.18% | -5.35 | 53.53% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.97 | $2 |
| Cost of Funds (%) | ▲ | 1.53% | -0.24 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $668 | +44.19 | $624 |
| Gross Loans ($M) | ▲ | $429 | +0.90 | $428 |
| Loan Growth YoY (%) | ▼ | 72.57% | -4.27 | 76.84% |
| Total Deposits ($M) | ▲ | $582 | +33.45 | $549 |
| Shareholders Equity ($M) | ▲ | $83 | +10.72 | $72 |
| Tang. Book Value ($M) | ▲ | $83 | +10.72 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +16.18 | $77 |
| Loan / Deposit Ratio (%) | ▼ | 72.57% | -4.27 | 76.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Allowance / Loans (%) | — | 1.55% | 0.01% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.06 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.51% | +0.05 | 16.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.79% | 2.84% | 2.93% | 3.19% | 3.39% | 3.48% | 3.56% | 3.83% |
| ▁▁▂▃▇▇██ | Return on Assets (%) | 0.99% | 1.02% | 1.10% | 1.18% | 1.51% | 1.50% | 1.51% | 1.59% |
| ███▅▁▁▁▁ | Efficiency Ratio (%) | 56.8% | 57.0% | 57.0% | 53.5% | 48.5% | 48.7% | 49.1% | 48.2% |
| ██▇▅▃▂▁▁ | Cost of Funds (%) | 1.98% | 1.99% | 1.92% | 1.77% | 1.70% | 1.63% | 1.57% | 1.53% |
| ▄█▃▂▁▁▁▁ | NPA / Assets (%) | 0.08% | 0.16% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄█▃▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.23% | 0.06% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $65 | $68 | $70 | $72 | $76 | $78 | $81 | $83 |
| █▅▃▃▃▆▁▃ | Gross Loans ($M) | $438 | $433 | $428 | $428 | $428 | $434 | $424 | $429 |
| ▁▂▂▃▃▅▇█ | Total Deposits ($M) | $537 | $545 | $547 | $549 | $550 | $562 | $576 | $582 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Agricultural | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |