Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.44 | 0.87% |
| Return on Equity (%) | ▲ | 16.45% | +5.33 | 11.12% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.64 | 3.18% |
| Efficiency Ratio (%) | ▲ | 54.13% | -13.95 | 68.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.98 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.08 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $453 | +54.61 | $398 |
| Gross Loans ($M) | ▲ | $343 | +79.24 | $264 |
| Loan Growth YoY (%) | ▲ | 82.00% | +10.33 | 71.67% |
| Total Deposits ($M) | ▲ | $415 | +49.47 | $365 |
| Shareholders Equity ($M) | ▲ | $36 | +4.53 | $31 |
| Tang. Book Value ($M) | ▲ | $36 | +4.53 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.15 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 82.00% | +10.33 | 71.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.85 | 0.04% |
| Allowance / Loans (%) | — | 0.83% | 0.11% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 1.17% | +1.11 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.45% | -1.56 | 12.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.58% | 2.69% | 2.77% | 3.18% | 3.31% | 3.43% | 3.51% | 3.82% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.52% | 0.58% | 0.56% | 0.87% | 0.88% | 0.97% | 0.98% | 1.31% |
| ████▆▄▂▁ | Efficiency Ratio (%) | 69.8% | 68.9% | 69.6% | 68.1% | 64.5% | 61.6% | 57.9% | 54.1% |
| ▆█▄▁▁▁▂▁ | Cost of Funds (%) | 2.34% | 2.59% | 2.18% | 1.93% | 1.90% | 1.90% | 1.98% | 1.84% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.02% | 0.10% | 0.10% | 0.04% | 0.04% | 0.04% | 0.96% | 0.89% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.01% | 0.06% | 0.06% | 0.06% | 0.05% | 0.05% | 1.27% | 1.17% |
| ▁▃▂▄▄▆▇█ | Tang. Book Value ($M) | $28 | $31 | $30 | $31 | $32 | $34 | $35 | $36 |
| ▁▂▂▃▄▆██ | Gross Loans ($M) | $234 | $252 | $255 | $264 | $286 | $304 | $333 | $343 |
| ▁▁▁▃▄▆▇█ | Total Deposits ($M) | $347 | $350 | $353 | $365 | $375 | $394 | $402 | $415 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |