Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.36 | 0.44% |
| Return on Equity (%) | ▲ | 8.95% | +3.65 | 5.30% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.42 | 2.69% |
| Efficiency Ratio (%) | ▲ | 67.38% | -10.73 | 78.11% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.71 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.16 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $590 | +12.92 | $577 |
| Gross Loans ($M) | ▲ | $399 | +13.82 | $385 |
| Loan Growth YoY (%) | ▲ | 78.26% | +2.02 | 76.24% |
| Total Deposits ($M) | ▲ | $506 | +4.56 | $502 |
| Shareholders Equity ($M) | ▲ | $54 | +5.18 | $49 |
| Tang. Book Value ($M) | ▲ | $49 | +5.41 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +5.82 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 78.26% | +2.02 | 76.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.05 | 0.06% |
| Allowance / Loans (%) | — | 0.73% | 0.00% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.67% | +0.05 | 11.62% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.47% | 2.49% | 2.53% | 2.69% | 2.74% | 2.78% | 2.83% | 3.11% |
| ▁▂▂▄▃▄▅█ | Return on Assets (%) | 0.19% | 0.29% | 0.30% | 0.44% | 0.38% | 0.48% | 0.50% | 0.80% |
| █▇▇▆▆▄▄▁ | Efficiency Ratio (%) | 83.8% | 81.2% | 81.3% | 78.1% | 78.9% | 75.1% | 75.1% | 67.4% |
| █▇▆▄▅▅▄▁ | Cost of Funds (%) | 2.03% | 1.97% | 1.90% | 1.77% | 1.84% | 1.84% | 1.81% | 1.61% |
| ██▆▅▄▂▁▁ | NPA / Assets (%) | 0.09% | 0.09% | 0.07% | 0.06% | 0.05% | 0.03% | 0.02% | 0.02% |
| ██▇▁▂▁▂▂ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.10% | 0.00% | 0.02% | 0.00% | 0.02% | 0.02% |
| ▁▄▂▄▅▇▇█ | Tang. Book Value ($M) | $39 | $44 | $41 | $44 | $45 | $47 | $48 | $49 |
| ▁▁▄▁▃▇█▅ | Gross Loans ($M) | $387 | $385 | $394 | $385 | $391 | $403 | $409 | $399 |
| ▁▁▁▇▄▇██ | Total Deposits ($M) | $478 | $478 | $482 | $502 | $493 | $503 | $510 | $506 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 6% |
| Agricultural | 18% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 5% |