Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.22 | 1.13% |
| Return on Equity (%) | ▲ | 14.84% | +0.69 | 14.15% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.20 | 3.27% |
| Efficiency Ratio (%) | ▲ | 53.52% | -5.90 | 59.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 1.96% | -0.08 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $357 | +19.83 | $337 |
| Gross Loans ($M) | ▲ | $257 | +15.34 | $241 |
| Loan Growth YoY (%) | ▲ | 79.69% | +1.65 | 78.04% |
| Total Deposits ($M) | ▲ | $317 | +12.53 | $305 |
| Shareholders Equity ($M) | ▲ | $33 | +5.19 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +5.19 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +5.34 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 79.69% | +1.65 | 78.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.49% | +0.99 | 0.50% |
| Allowance / Loans (%) | — | 1.50% | 0.05% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 2.07% | +1.38 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇██ | Net Interest Margin (%) | 2.79% | 2.87% | 2.96% | 3.27% | 3.25% | 3.34% | 3.39% | 3.46% |
| ▁▁▂▅▅▆▅█ | Return on Assets (%) | 0.85% | 0.89% | 0.97% | 1.13% | 1.14% | 1.22% | 1.12% | 1.36% |
| ██▆▄▃▂▂▁ | Efficiency Ratio (%) | 68.1% | 66.8% | 64.1% | 59.4% | 58.8% | 56.8% | 56.3% | 53.5% |
| ▆██▅▄▃▁▁ | Cost of Funds (%) | 2.08% | 2.10% | 2.12% | 2.04% | 2.04% | 2.02% | 1.96% | 1.96% |
| ▁▁▁▁▇▇██ | NPA / Assets (%) | 0.45% | 0.50% | 0.49% | 0.50% | 1.41% | 1.34% | 1.58% | 1.49% |
| ▁▁▁▁▇▇██ | Net Charge-Off Ratio (%) | 0.65% | 0.74% | 0.69% | 0.69% | 1.94% | 1.90% | 2.20% | 2.07% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $25 | $28 | $26 | $28 | $28 | $31 | $33 | $33 |
| ▁▁▅▅▇▇██ | Gross Loans ($M) | $218 | $221 | $238 | $241 | $251 | $252 | $256 | $257 |
| ▁▁▃▆▅▆██ | Total Deposits ($M) | $284 | $286 | $292 | $305 | $301 | $307 | $314 | $317 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |