Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.06 | 0.71% |
| Return on Equity (%) | ▼ | 6.85% | -0.25 | 7.10% |
| Net Interest Margin (%) | ▼ | 3.07% | -0.14 | 3.21% |
| Efficiency Ratio (%) | ▲ | 55.96% | -11.67 | 67.63% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.41 | $2 |
| Cost of Funds (%) | ▼ | 2.25% | +0.03 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,372 | +410.03 | $962 |
| Gross Loans ($M) | ▲ | $878 | +298.73 | $579 |
| Loan Growth YoY (%) | ▲ | 70.66% | +4.43 | 66.23% |
| Total Deposits ($M) | ▲ | $1,226 | +362.97 | $863 |
| Shareholders Equity ($M) | ▲ | $139 | +44.93 | $94 |
| Tang. Book Value ($M) | ▲ | $139 | +44.93 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 70.66% | +4.43 | 66.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Allowance / Loans (%) | — | 1.29% | 0.02% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.09 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.77% | -0.84 | 15.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▂▁▁▁▁ | Net Interest Margin (%) | 3.82% | 3.78% | 3.71% | 3.21% | 3.09% | 3.05% | 3.01% | 3.07% |
| ██▆▃▁▁▁▁ | Return on Assets (%) | 0.95% | 0.92% | 0.86% | 0.71% | 0.62% | 0.64% | 0.65% | 0.65% |
| ▅▆▇██▆▅▁ | Efficiency Ratio (%) | 63.6% | 64.7% | 66.8% | 67.6% | 68.9% | 65.1% | 63.1% | 56.0% |
| █▄█▂▆█▁▃ | Cost of Funds (%) | 2.48% | 2.31% | 2.48% | 2.22% | 2.40% | 2.51% | 2.15% | 2.25% |
| █▇▃▁▁▁▁▂ | NPA / Assets (%) | 0.24% | 0.21% | 0.08% | 0.00% | 0.00% | 0.02% | 0.01% | 0.06% |
| ██▄▁▁▁▁▃ | Net Charge-Off Ratio (%) | 0.30% | 0.29% | 0.13% | 0.00% | 0.00% | 0.03% | 0.02% | 0.09% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $70 | $77 | $84 | $94 | $103 | $118 | $129 | $139 |
| ▁▁▁▁▃▅▇█ | Gross Loans ($M) | $547 | $564 | $544 | $579 | $636 | $726 | $808 | $878 |
| ▁▂▂▄▅▆██ | Total Deposits ($M) | $588 | $681 | $737 | $863 | $998 | $1,124 | $1,316 | $1,226 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |