Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.56 | 1.41% |
| Return on Equity (%) | ▲ | 23.81% | +5.40 | 18.41% |
| Net Interest Margin (%) | ▲ | 5.07% | +0.58 | 4.50% |
| Efficiency Ratio (%) | ▲ | 56.38% | -11.24 | 67.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.41 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.09 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +7.54 | $191 |
| Gross Loans ($M) | ▲ | $148 | +11.04 | $137 |
| Loan Growth YoY (%) | ▲ | 81.55% | +3.77 | 77.78% |
| Total Deposits ($M) | ▲ | $179 | +5.44 | $173 |
| Shareholders Equity ($M) | ▲ | $17 | +2.10 | $15 |
| Tang. Book Value ($M) | ▲ | $15 | +2.09 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +2.09 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 81.55% | +3.77 | 77.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.25 | 0.28% |
| Allowance / Loans (%) | — | 1.28% | -0.05% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.36 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.54% | +0.46 | 12.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.98% | 4.10% | 4.21% | 4.50% | 4.70% | 4.82% | 4.89% | 5.07% |
| ▁▂▂▄▆▆▆█ | Return on Assets (%) | 0.93% | 1.08% | 1.15% | 1.41% | 1.64% | 1.69% | 1.64% | 1.97% |
| █▇▇▅▃▂▃▁ | Efficiency Ratio (%) | 76.0% | 73.4% | 71.6% | 67.6% | 63.4% | 61.0% | 61.8% | 56.4% |
| ██▂▂▃▃▂▁ | Cost of Funds (%) | 1.69% | 1.66% | 1.38% | 1.39% | 1.41% | 1.42% | 1.38% | 1.30% |
| █▆▇▆▂▁▁▁ | NPA / Assets (%) | 0.41% | 0.29% | 0.34% | 0.28% | 0.07% | 0.00% | 0.00% | 0.02% |
| █▆▇▆▂▁▁▁ | Net Charge-Off Ratio (%) | 0.56% | 0.40% | 0.48% | 0.39% | 0.10% | 0.00% | 0.00% | 0.03% |
| ▁▃▂▃▅▆▆█ | Tang. Book Value ($M) | $12 | $13 | $13 | $13 | $14 | $14 | $14 | $15 |
| ▁▂▂▃▃▆██ | Gross Loans ($M) | $132 | $134 | $134 | $137 | $137 | $142 | $147 | $148 |
| ▁▁▄▆▄▅██ | Total Deposits ($M) | $160 | $161 | $169 | $173 | $169 | $171 | $180 | $179 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |