Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.99% | +0.46 | 1.53% |
| Return on Equity (%) | ▲ | 24.13% | +3.27 | 20.86% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.39 | 3.33% |
| Efficiency Ratio (%) | ▲ | 46.07% | -3.04 | 49.12% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.59 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.35 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $551 | +35.04 | $516 |
| Gross Loans ($M) | ▲ | $406 | +19.34 | $387 |
| Loan Growth YoY (%) | ▲ | 82.08% | +1.24 | 80.85% |
| Total Deposits ($M) | ▲ | $488 | +16.64 | $471 |
| Shareholders Equity ($M) | ▲ | $47 | +7.62 | $39 |
| Tang. Book Value ($M) | ▲ | $47 | +7.62 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +7.02 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 82.08% | +1.24 | 80.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.47 | 0.03% |
| Allowance / Loans (%) | — | 1.40% | -0.11% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.64 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.02% | +0.49 | 12.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.94% | 2.97% | 3.03% | 3.33% | 3.44% | 3.52% | 3.58% | 3.72% |
| ▁▁▂▅▅▆▆█ | Return on Assets (%) | 1.02% | 1.09% | 1.18% | 1.53% | 1.62% | 1.65% | 1.65% | 1.99% |
| ███▂▃▂▂▁ | Efficiency Ratio (%) | 60.9% | 59.8% | 59.5% | 49.1% | 50.7% | 49.5% | 49.7% | 46.1% |
| ▅██▆▄▄▃▁ | Cost of Funds (%) | 2.10% | 2.29% | 2.31% | 2.11% | 2.03% | 2.03% | 1.91% | 1.76% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.05% | 0.03% | 0.03% | 0.03% | 0.51% | 0.51% | 0.47% | 0.50% |
| ▁▁▁▁████ | Net Charge-Off Ratio (%) | 0.07% | 0.04% | 0.04% | 0.04% | 0.69% | 0.69% | 0.63% | 0.68% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $34 | $36 | $37 | $39 | $41 | $43 | $44 | $47 |
| ▁▃▄▆▆▇██ | Gross Loans ($M) | $351 | $366 | $375 | $387 | $391 | $398 | $405 | $406 |
| ▁▃▆▆▆▇██ | Total Deposits ($M) | $443 | $456 | $473 | $471 | $474 | $479 | $488 | $488 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 15% |
| Agricultural | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |