Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.64 | 1.22% |
| Return on Equity (%) | ▲ | 11.48% | +4.05 | 7.43% |
| Net Interest Margin (%) | ▲ | 4.78% | +0.44 | 4.34% |
| Efficiency Ratio (%) | ▼ | 49.92% | +0.78 | 49.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $2 |
| Cost of Funds (%) | ▲ | 2.04% | -0.14 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $428 | +48.97 | $379 |
| Gross Loans ($M) | ▲ | $325 | +69.27 | $256 |
| Loan Growth YoY (%) | ▲ | 90.15% | +9.55 | 80.61% |
| Total Deposits ($M) | ▲ | $357 | +42.37 | $314 |
| Shareholders Equity ($M) | ▲ | $69 | +6.33 | $63 |
| Tang. Book Value ($M) | ▲ | $69 | +6.33 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +6.32 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 90.15% | +9.55 | 80.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.45 | 0.63% |
| Allowance / Loans (%) | — | 1.11% | 0.12% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.65 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 4.04% | 4.05% | 4.09% | 4.34% | 4.51% | 4.66% | 4.74% | 4.78% |
| ▄▃▂▁▂▄▂█ | Return on Assets (%) | 1.47% | 1.39% | 1.31% | 1.22% | 1.36% | 1.54% | 1.37% | 1.86% |
| ▄▅█▂▁▁▄▃ | Efficiency Ratio (%) | 52.0% | 53.6% | 57.8% | 49.1% | 47.0% | 46.8% | 51.3% | 49.9% |
| ███▅▄▃▂▁ | Cost of Funds (%) | 2.30% | 2.29% | 2.32% | 2.18% | 2.15% | 2.12% | 2.09% | 2.04% |
| ▇▅██▄▃▂▁ | NPA / Assets (%) | 0.53% | 0.43% | 0.63% | 0.63% | 0.38% | 0.31% | 0.24% | 0.17% |
| █▇██▁▁▁▂ | Net Charge-Off Ratio (%) | 0.70% | 0.67% | 0.78% | 0.77% | 0.10% | 0.02% | 0.10% | 0.12% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $58 | $60 | $60 | $63 | $64 | $67 | $68 | $69 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $221 | $232 | $237 | $256 | $279 | $306 | $320 | $325 |
| ▁▂▃▄▅▆▇█ | Total Deposits ($M) | $279 | $298 | $302 | $314 | $323 | $333 | $345 | $357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 31% |
| Agricultural | 3% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |