Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.32 | 0.65% |
| Return on Equity (%) | ▲ | 12.47% | +2.05 | 10.42% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.49 | 2.63% |
| Efficiency Ratio (%) | ▲ | 66.36% | -8.65 | 75.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.82 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.30 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $798 | +19.24 | $778 |
| Gross Loans ($M) | ▲ | $527 | +36.38 | $490 |
| Loan Growth YoY (%) | ▲ | 74.72% | +5.85 | 68.87% |
| Total Deposits ($M) | ▼ | $697 | -6.15 | $703 |
| Shareholders Equity ($M) | ▲ | $61 | +11.34 | $50 |
| Tang. Book Value ($M) | ▲ | $54 | +11.56 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +10.68 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 74.72% | +5.85 | 68.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.18% | -0.12% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.10% | +0.17 | 13.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.30% | 2.29% | 2.33% | 2.63% | 2.74% | 2.83% | 2.88% | 3.12% |
| ▁▁▂▄▅▆▆█ | Return on Assets (%) | 0.40% | 0.46% | 0.53% | 0.65% | 0.75% | 0.77% | 0.81% | 0.97% |
| █▇▇▅▃▃▃▁ | Efficiency Ratio (%) | 82.1% | 79.6% | 78.3% | 75.0% | 72.2% | 72.1% | 70.7% | 66.4% |
| ▇██▅▃▃▂▁ | Cost of Funds (%) | 2.10% | 2.16% | 2.22% | 1.97% | 1.85% | 1.83% | 1.76% | 1.66% |
| █▇▁▁███▆ | NPA / Assets (%) | 0.02% | 0.01% | 0.00% | 0.00% | 0.02% | 0.02% | 0.01% | 0.01% |
| █▇▁▁██▇▆ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▁▄▂▂▄▇██ | Tang. Book Value ($M) | $39 | $46 | $42 | $43 | $46 | $52 | $56 | $54 |
| ▁▁▁▁▃▃▅█ | Gross Loans ($M) | $489 | $488 | $490 | $490 | $498 | $499 | $512 | $527 |
| ▅█▄▃▂▁▁▃ | Total Deposits ($M) | $713 | $748 | $708 | $703 | $694 | $676 | $683 | $697 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |