Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.08% | +0.98 | 2.10% |
| Return on Equity (%) | ▲ | 29.42% | +9.32 | 20.10% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.39 | 3.96% |
| Efficiency Ratio (%) | ▲ | 42.04% | -3.41 | 45.45% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.40 | $2 |
| Cost of Funds (%) | ▲ | 1.50% | -0.07 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $404 | +0.87 | $404 |
| Gross Loans ($M) | ▲ | $234 | +14.91 | $219 |
| Loan Growth YoY (%) | ▲ | 65.27% | +2.65 | 62.62% |
| Total Deposits ($M) | ▲ | $355 | +8.92 | $346 |
| Shareholders Equity ($M) | ▼ | $42 | -0.37 | $43 |
| Tang. Book Value ($M) | ▼ | $42 | -0.37 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +0.06 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 65.27% | +2.65 | 62.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.10 | 0.17% |
| Allowance / Loans (%) | — | 1.23% | -0.12% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.08 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.02% | -0.67 | 17.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.20% | 3.33% | 3.47% | 3.96% | 4.14% | 4.28% | 4.35% | 4.35% |
| ▁▁▂▃▄▅▅█ | Return on Assets (%) | 1.64% | 1.74% | 1.90% | 2.10% | 2.31% | 2.41% | 2.44% | 3.08% |
| █▆▅▄▂▂▁▁ | Efficiency Ratio (%) | 49.3% | 47.0% | 46.1% | 45.4% | 43.6% | 43.0% | 42.5% | 42.0% |
| ▆█▇▂▂▁▁▁ | Cost of Funds (%) | 1.75% | 1.88% | 1.80% | 1.57% | 1.59% | 1.51% | 1.53% | 1.50% |
| ▁▁▅▅█▇▇▃ | NPA / Assets (%) | 0.00% | 0.01% | 0.15% | 0.17% | 0.28% | 0.25% | 0.25% | 0.08% |
| ▁▁▁▂█▆▆▅ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.05% | 0.25% | 0.17% | 0.18% | 0.13% |
| ▁▆▅█▅█▇█ | Tang. Book Value ($M) | $39 | $42 | $41 | $43 | $41 | $43 | $42 | $42 |
| ▁▄▄▄▅▇▇█ | Gross Loans ($M) | $205 | $218 | $218 | $219 | $221 | $227 | $231 | $234 |
| ▁█▃▅▇▅▇█ | Total Deposits ($M) | $332 | $354 | $340 | $346 | $351 | $345 | $351 | $355 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 15% |