Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.20 | 1.66% |
| Return on Equity (%) | ▲ | 17.76% | +1.03 | 16.73% |
| Net Interest Margin (%) | ▲ | 4.59% | +0.47 | 4.12% |
| Efficiency Ratio (%) | ▼ | 46.80% | +2.58 | 44.23% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.56 | $5 |
| Cost of Funds (%) | ▲ | 1.83% | -0.06 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $937 | +73.85 | $864 |
| Gross Loans ($M) | ▲ | $724 | +80.87 | $643 |
| Loan Growth YoY (%) | ▲ | 86.55% | +3.29 | 83.26% |
| Total Deposits ($M) | ▲ | $830 | +62.90 | $767 |
| Shareholders Equity ($M) | ▲ | $96 | +9.81 | $86 |
| Tang. Book Value ($M) | ▲ | $89 | +10.52 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +10.24 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 86.55% | +3.29 | 83.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.02 | 0.05% |
| Allowance / Loans (%) | — | 0.85% | 0.08% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.02 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▅▇▇█ | Net Interest Margin (%) | 4.17% | 4.20% | 4.24% | 4.12% | 4.37% | 4.49% | 4.51% | 4.59% |
| ▄▇▅▁▄▆▆█ | Return on Assets (%) | 1.74% | 1.80% | 1.77% | 1.66% | 1.73% | 1.78% | 1.79% | 1.85% |
| █▆▇▁▂▂▅▅ | Efficiency Ratio (%) | 48.4% | 47.1% | 47.8% | 44.2% | 45.1% | 45.1% | 46.8% | 46.8% |
| ██▇▁▃▃▂▁ | Cost of Funds (%) | 2.34% | 2.39% | 2.29% | 1.89% | 2.02% | 1.98% | 1.94% | 1.83% |
| ▃▁▁▆▆▅▆█ | NPA / Assets (%) | 0.03% | 0.01% | 0.01% | 0.05% | 0.04% | 0.04% | 0.05% | 0.06% |
| ▃▁▁▆▆▅▆█ | Net Charge-Off Ratio (%) | 0.03% | 0.01% | 0.01% | 0.06% | 0.06% | 0.05% | 0.06% | 0.08% |
| ▁▂▂▆▆▇██ | Tang. Book Value ($M) | $60 | $64 | $64 | $79 | $81 | $86 | $88 | $89 |
| ▁▁▁▆▆▇██ | Gross Loans ($M) | $498 | $512 | $524 | $643 | $660 | $690 | $713 | $724 |
| ▁▁▁▆▆▇▇█ | Total Deposits ($M) | $585 | $592 | $593 | $767 | $758 | $775 | $787 | $830 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 25% |