Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.20% | +0.02 | 2.18% |
| Return on Equity (%) | ▲ | 23.60% | +0.25 | 23.35% |
| Net Interest Margin (%) | ▼ | 4.84% | -0.22 | 5.06% |
| Efficiency Ratio (%) | ▼ | 52.59% | +0.65 | 51.94% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.26 | $3 |
| Cost of Funds (%) | ▼ | 1.70% | +0.16 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $638 | +93.59 | $544 |
| Gross Loans ($M) | ▲ | $535 | +82.55 | $452 |
| Loan Growth YoY (%) | ▲ | 91.46% | +0.71 | 90.75% |
| Total Deposits ($M) | ▲ | $576 | +85.07 | $491 |
| Shareholders Equity ($M) | ▲ | $60 | +9.02 | $51 |
| Tang. Book Value ($M) | ▲ | $60 | +9.02 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +9.72 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 91.46% | +0.71 | 90.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.06 | 0.52% |
| Allowance / Loans (%) | — | 1.51% | -0.00% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.02 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.74% | -0.11 | 11.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂█▇██▃ | Net Interest Margin (%) | 4.72% | 4.74% | 4.80% | 5.06% | 5.01% | 5.08% | 5.08% | 4.84% |
| ▆▃▂▁▇█▇▁ | Return on Assets (%) | 2.38% | 2.27% | 2.25% | 2.18% | 2.46% | 2.50% | 2.44% | 2.20% |
| ▃▅▇▇▁▁▃█ | Efficiency Ratio (%) | 49.3% | 50.7% | 51.7% | 51.9% | 47.9% | 47.6% | 48.9% | 52.6% |
| ▃▃▃▁▂█▅▆ | Cost of Funds (%) | 1.61% | 1.63% | 1.63% | 1.54% | 1.59% | 1.80% | 1.69% | 1.70% |
| ▆█▅▂▅▆▂▁ | NPA / Assets (%) | 0.66% | 0.76% | 0.63% | 0.52% | 0.61% | 0.67% | 0.51% | 0.45% |
| ▇█▃▁▆▂▁▁ | Net Charge-Off Ratio (%) | 0.65% | 0.80% | 0.32% | 0.19% | 0.60% | 0.30% | 0.14% | 0.18% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $46 | $48 | $49 | $51 | $53 | $56 | $58 | $60 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $376 | $406 | $423 | $452 | $486 | $497 | $501 | $535 |
| ▁▂▄▅▅▇██ | Total Deposits ($M) | $399 | $430 | $473 | $491 | $508 | $538 | $570 | $576 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |