Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.10 | 1.66% |
| Return on Equity (%) | ▲ | 18.35% | +0.42 | 17.93% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.14 | 4.30% |
| Efficiency Ratio (%) | ▲ | 50.71% | -2.33 | 53.04% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.97 | $5 |
| Cost of Funds (%) | ▲ | 2.10% | -0.08 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,055 | +112.07 | $943 |
| Gross Loans ($M) | ▲ | $871 | +121.07 | $750 |
| Loan Growth YoY (%) | ▲ | 96.74% | +2.63 | 94.11% |
| Total Deposits ($M) | ▲ | $895 | +102.79 | $792 |
| Shareholders Equity ($M) | ▲ | $100 | +13.14 | $87 |
| Tang. Book Value ($M) | ▲ | $100 | +13.14 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +12.30 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 96.74% | +2.63 | 94.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.00 | 0.13% |
| Allowance / Loans (%) | — | 0.62% | 0.01% | 0.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▆▇██ | Net Interest Margin (%) | 3.87% | 3.94% | 4.03% | 4.30% | 4.23% | 4.34% | 4.40% | 4.44% |
| ▁▁▁▇▄▆▇█ | Return on Assets (%) | 1.32% | 1.32% | 1.33% | 1.66% | 1.52% | 1.61% | 1.65% | 1.76% |
| ███▃▄▂▂▁ | Efficiency Ratio (%) | 57.4% | 56.6% | 56.9% | 53.0% | 53.5% | 51.9% | 51.6% | 50.7% |
| ▇█▇▂▄▄▃▁ | Cost of Funds (%) | 2.43% | 2.50% | 2.42% | 2.18% | 2.25% | 2.25% | 2.21% | 2.10% |
| ▂▁▄▁▇█▂▁ | NPA / Assets (%) | 0.17% | 0.14% | 0.20% | 0.13% | 0.28% | 0.30% | 0.16% | 0.13% |
| ▂▁▄▁▇█▃▂ | Net Charge-Off Ratio (%) | 0.06% | 0.02% | 0.12% | 0.03% | 0.21% | 0.25% | 0.08% | 0.06% |
| ▁▂▂▄▄▆██ | Tang. Book Value ($M) | $79 | $84 | $83 | $87 | $90 | $94 | $99 | $100 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $654 | $684 | $708 | $750 | $795 | $825 | $855 | $871 |
| ▁▁▃▄▅▇▇█ | Total Deposits ($M) | $708 | $726 | $757 | $792 | $814 | $854 | $859 | $895 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |