Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.27 | 0.99% |
| Return on Equity (%) | ▲ | 8.16% | +2.45 | 5.71% |
| Net Interest Margin (%) | ▲ | 4.50% | +0.58 | 3.93% |
| Efficiency Ratio (%) | ▲ | 57.95% | -3.71 | 61.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.35 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +50.59 | $197 |
| Gross Loans ($M) | ▲ | $180 | +41.15 | $138 |
| Loan Growth YoY (%) | ▲ | 84.48% | +0.61 | 83.87% |
| Total Deposits ($M) | ▲ | $209 | +47.35 | $162 |
| Shareholders Equity ($M) | ▲ | $38 | +3.16 | $35 |
| Tang. Book Value ($M) | ▼ | $30 | -0.32 | $31 |
| TBV excl. AOCI ($M)** | ▼ | $32 | -0.05 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 84.48% | +0.61 | 83.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.03 | 0.10% |
| Allowance / Loans (%) | — | 1.55% | -0.34% | 1.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.04 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -20.14 | 20.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▃▁▅▅▆█ | Net Interest Margin (%) | 4.13% | 4.13% | 4.08% | 3.93% | 4.22% | 4.28% | 4.32% | 4.50% |
| ▄▅▅▃▁▂▃█ | Return on Assets (%) | 1.07% | 1.10% | 1.08% | 0.99% | 0.88% | 0.96% | 1.02% | 1.26% |
| ▁▁▁▇██▇▅ | Efficiency Ratio (%) | 50.6% | 49.7% | 51.2% | 61.7% | 63.7% | 62.7% | 61.5% | 58.0% |
| ▇▆█▆▂▄▃▁ | Cost of Funds (%) | 2.13% | 2.07% | 2.23% | 2.09% | 1.82% | 1.94% | 1.90% | 1.74% |
| ▁▁▁▁▂█▁▁ | NPA / Assets (%) | 0.11% | 0.10% | 0.10% | 0.10% | 0.20% | 0.56% | 0.08% | 0.14% |
| ▁▁▁▁▃█▁▁ | Net Charge-Off Ratio (%) | 0.15% | 0.14% | 0.16% | 0.15% | 0.31% | 0.82% | 0.12% | 0.19% |
| ▃▅▆█▁▃▆▇ | Tang. Book Value ($M) | $29 | $30 | $30 | $31 | $28 | $29 | $30 | $30 |
| ▁▁▁▂▆▇▆█ | Gross Loans ($M) | $127 | $133 | $130 | $138 | $163 | $171 | $164 | $180 |
| ▁▂▂▂█▇▆▇ | Total Deposits ($M) | $146 | $160 | $165 | $162 | $224 | $213 | $203 | $209 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 33% |
| Agricultural | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 14% |