Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.08 | 1.66% |
| Return on Equity (%) | ▼ | 14.41% | -0.49 | 14.90% |
| Net Interest Margin (%) | ▲ | 4.82% | +0.19 | 4.63% |
| Efficiency Ratio (%) | ▲ | 53.73% | -1.48 | 55.21% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.34 | $3 |
| Cost of Funds (%) | ▲ | 0.72% | -0.07 | 0.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $621 | +15.53 | $605 |
| Gross Loans ($M) | ▲ | $420 | +22.32 | $397 |
| Loan Growth YoY (%) | ▲ | 75.81% | +2.74 | 73.07% |
| Total Deposits ($M) | ▲ | $541 | +9.16 | $532 |
| Shareholders Equity ($M) | ▲ | $76 | +7.12 | $69 |
| Tang. Book Value ($M) | ▲ | $76 | +7.12 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +6.20 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 75.81% | +2.74 | 73.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.09 | 0.16% |
| Allowance / Loans (%) | — | 2.16% | 0.07% | 2.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.13 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▄▁▃▆▇█ | Net Interest Margin (%) | 4.68% | 4.69% | 4.71% | 4.63% | 4.69% | 4.77% | 4.78% | 4.82% |
| ███▃▂▃▁▇ | Return on Assets (%) | 1.75% | 1.77% | 1.76% | 1.66% | 1.63% | 1.66% | 1.61% | 1.74% |
| ▁▁▂▆█▇▇▂ | Efficiency Ratio (%) | 53.3% | 53.5% | 53.7% | 55.2% | 56.0% | 55.5% | 55.4% | 53.7% |
| ▁▇▇█▇██▆ | Cost of Funds (%) | 0.58% | 0.75% | 0.75% | 0.78% | 0.75% | 0.79% | 0.78% | 0.72% |
| ▁▄▁▁▄▃▅█ | NPA / Assets (%) | 0.15% | 0.19% | 0.16% | 0.16% | 0.20% | 0.19% | 0.21% | 0.25% |
| ▁▄▁▁▄▃▆█ | Net Charge-Off Ratio (%) | 0.22% | 0.28% | 0.23% | 0.23% | 0.29% | 0.26% | 0.31% | 0.36% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $63 | $67 | $66 | $69 | $71 | $73 | $74 | $76 |
| ▁▂▂▄▆███ | Gross Loans ($M) | $379 | $385 | $386 | $397 | $406 | $415 | $415 | $420 |
| ▁▂▅▅▆▄██ | Total Deposits ($M) | $511 | $517 | $531 | $532 | $533 | $528 | $545 | $541 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |