Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.42 | 0.77% |
| Return on Equity (%) | ▲ | 9.69% | +2.28 | 7.41% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.68 | 3.55% |
| Efficiency Ratio (%) | ▲ | 61.66% | -8.98 | 70.64% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.93 | $1 |
| Cost of Funds (%) | ▲ | 2.15% | -0.92 | 3.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $444 | +145.25 | $299 |
| Gross Loans ($M) | ▲ | $297 | +88.93 | $208 |
| Loan Growth YoY (%) | ▼ | 75.04% | -8.45 | 83.49% |
| Total Deposits ($M) | ▲ | $389 | +144.21 | $245 |
| Shareholders Equity ($M) | ▲ | $54 | +23.05 | $31 |
| Tang. Book Value ($M) | ▲ | $48 | +16.41 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +18.32 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 75.04% | -8.45 | 83.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.11 | 0.33% |
| Allowance / Loans (%) | — | 1.55% | 0.01% | 1.55% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.19 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -17.38 | 17.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▂▄█ | Net Interest Margin (%) | 3.45% | 3.52% | 3.50% | 3.55% | 3.70% | 3.63% | 3.78% | 4.23% |
| ▄▅▅▃▅▁▄█ | Return on Assets (%) | 0.84% | 0.96% | 0.96% | 0.77% | 0.93% | 0.61% | 0.85% | 1.19% |
| ▅▃▃█▅▃▁▁ | Efficiency Ratio (%) | 67.2% | 65.0% | 64.9% | 70.6% | 66.6% | 64.6% | 62.7% | 61.7% |
| ███▇▆▁▂▁ | Cost of Funds (%) | 3.33% | 3.28% | 3.26% | 3.07% | 3.01% | 2.18% | 2.35% | 2.15% |
| ▃▄▃█▁▄▄▃ | NPA / Assets (%) | 0.21% | 0.23% | 0.21% | 0.33% | 0.16% | 0.23% | 0.23% | 0.22% |
| ▄▄▃█▁▄▃▃ | Net Charge-Off Ratio (%) | 0.32% | 0.34% | 0.30% | 0.47% | 0.20% | 0.31% | 0.29% | 0.28% |
| ▁▁▁▁▂███ | Tang. Book Value ($M) | $29 | $30 | $31 | $31 | $32 | $47 | $48 | $48 |
| ▁▁▂▂▂▇██ | Gross Loans ($M) | $187 | $197 | $206 | $208 | $210 | $281 | $297 | $297 |
| ▁▁▁▁▂███ | Total Deposits ($M) | $227 | $231 | $242 | $245 | $249 | $372 | $389 | $389 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 15% |