Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.93% | +0.24 | 1.69% |
| Return on Equity (%) | ▲ | 13.78% | +0.43 | 13.35% |
| Net Interest Margin (%) | ▲ | 4.84% | +0.09 | 4.74% |
| Efficiency Ratio (%) | ▲ | 51.01% | -3.09 | 54.11% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.45 | $4 |
| Cost of Funds (%) | ▼ | 0.18% | +0.01 | 0.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $672 | +21.70 | $650 |
| Gross Loans ($M) | ▲ | $366 | +19.04 | $347 |
| Loan Growth YoY (%) | ▲ | 63.69% | +2.74 | 60.95% |
| Total Deposits ($M) | ▲ | $567 | +5.50 | $562 |
| Shareholders Equity ($M) | ▲ | $94 | +12.67 | $81 |
| Tang. Book Value ($M) | ▲ | $94 | +12.67 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +13.18 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 63.69% | +2.74 | 60.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.00 | 0.31% |
| Allowance / Loans (%) | — | 1.30% | -0.03% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.01 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 4.21% | 4.31% | 4.40% | 4.74% | 4.81% | 4.84% | 4.86% | 4.84% |
| ▁▂▂▃▇▇██ | Return on Assets (%) | 1.60% | 1.68% | 1.67% | 1.69% | 1.85% | 1.88% | 1.89% | 1.93% |
| █▆▆█▂▁▁▁ | Efficiency Ratio (%) | 54.0% | 53.0% | 53.1% | 54.1% | 51.3% | 50.9% | 50.9% | 51.0% |
| ██▄▁▁▁▁▁ | Cost of Funds (%) | 0.52% | 0.53% | 0.34% | 0.17% | 0.18% | 0.19% | 0.19% | 0.18% |
| █▁▁▂▁▁▃▂ | NPA / Assets (%) | 0.42% | 0.29% | 0.28% | 0.31% | 0.28% | 0.27% | 0.31% | 0.31% |
| ▇▆▁█▃▂██ | Net Charge-Off Ratio (%) | 0.42% | 0.41% | 0.36% | 0.44% | 0.39% | 0.38% | 0.44% | 0.43% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $72 | $78 | $80 | $81 | $85 | $90 | $93 | $94 |
| ▁▁▁▃▅▆██ | Gross Loans ($M) | $337 | $340 | $340 | $347 | $353 | $356 | $363 | $366 |
| █▂▁▅▆▇▅▆ | Total Deposits ($M) | $580 | $541 | $534 | $562 | $564 | $571 | $558 | $567 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 2% |