Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.37 | 1.37% |
| Return on Equity (%) | ▲ | 15.96% | +3.03 | 12.93% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.36 | 3.34% |
| Efficiency Ratio (%) | ▲ | 36.55% | -5.26 | 41.81% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.91 | $2 |
| Cost of Funds (%) | ▲ | 2.61% | -0.16 | 2.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $637 | +44.81 | $592 |
| Gross Loans ($M) | ▲ | $463 | +49.59 | $413 |
| Loan Growth YoY (%) | ▲ | 91.63% | +2.66 | 88.97% |
| Total Deposits ($M) | ▲ | $500 | +39.68 | $460 |
| Shareholders Equity ($M) | ▲ | $71 | +7.09 | $64 |
| Tang. Book Value ($M) | ▲ | $66 | +7.99 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +8.55 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 91.63% | +2.66 | 88.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.34 | 0.34% |
| Allowance / Loans (%) | — | 1.02% | 0.12% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.49 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▄█ | Net Interest Margin (%) | 3.32% | 3.35% | 3.32% | 3.34% | 3.42% | 3.48% | 3.50% | 3.70% |
| ▂▂▁▄▄▅▄█ | Return on Assets (%) | 1.23% | 1.26% | 1.14% | 1.37% | 1.40% | 1.45% | 1.40% | 1.75% |
| ▅▆█▅▃▄▆▁ | Efficiency Ratio (%) | 42.7% | 43.5% | 46.7% | 41.8% | 40.0% | 40.5% | 43.4% | 36.6% |
| █▆▆▄▅▅▁▁ | Cost of Funds (%) | 2.99% | 2.89% | 2.85% | 2.78% | 2.80% | 2.84% | 2.65% | 2.61% |
| ▅▄▄▃▅█▅▁ | NPA / Assets (%) | 0.58% | 0.39% | 0.35% | 0.34% | 0.54% | 0.92% | 0.48% | 0.00% |
| ▆▄▄▄▅█▅▁ | Net Charge-Off Ratio (%) | 0.79% | 0.54% | 0.51% | 0.49% | 0.74% | 1.25% | 0.66% | 0.00% |
| ▁▃▁▄▅▇▇█ | Tang. Book Value ($M) | $53 | $56 | $54 | $58 | $60 | $63 | $64 | $66 |
| ▁▂▂▄▆▆██ | Gross Loans ($M) | $373 | $391 | $394 | $413 | $436 | $440 | $460 | $463 |
| ▁▂▄▅▅▅██ | Total Deposits ($M) | $392 | $406 | $438 | $460 | $457 | $461 | $504 | $500 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 16% |
| Agricultural | 29% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 27% |