Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.35 | 1.50% |
| Return on Equity (%) | ▲ | 15.17% | +2.14 | 13.03% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.87 | 3.16% |
| Efficiency Ratio (%) | ▲ | 50.86% | -1.24 | 52.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.16 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $447 | +11.60 | $435 |
| Gross Loans ($M) | ▲ | $237 | +68.57 | $168 |
| Loan Growth YoY (%) | ▲ | 59.34% | +16.54 | 42.80% |
| Total Deposits ($M) | ▲ | $390 | +7.63 | $383 |
| Shareholders Equity ($M) | ▲ | $54 | +4.32 | $50 |
| Tang. Book Value ($M) | ▲ | $54 | +4.32 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +2.42 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 59.34% | +16.54 | 42.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.17 | 0.59% |
| Allowance / Loans (%) | — | 2.20% | -0.46% | 2.65% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.74 | 1.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.90% | 2.94% | 3.03% | 3.16% | 3.38% | 3.56% | 3.70% | 4.03% |
| ▁▂▂▃▄▆▅█ | Return on Assets (%) | 1.29% | 1.36% | 1.42% | 1.50% | 1.55% | 1.68% | 1.61% | 1.85% |
| █▆▇▃▆▄▇▁ | Efficiency Ratio (%) | 55.6% | 54.2% | 54.5% | 52.1% | 53.8% | 52.8% | 54.5% | 50.9% |
| ▇██▄▆▄▂▁ | Cost of Funds (%) | 1.66% | 1.75% | 1.73% | 1.57% | 1.65% | 1.56% | 1.46% | 1.40% |
| ██▃▂▁▂▃▁ | NPA / Assets (%) | 1.19% | 1.28% | 0.64% | 0.59% | 0.39% | 0.60% | 0.62% | 0.42% |
| ██▃▃▁▂▂▁ | Net Charge-Off Ratio (%) | 3.20% | 3.27% | 1.69% | 1.54% | 0.87% | 1.26% | 1.21% | 0.79% |
| ▁▄▂▄▄█▇█ | Tang. Book Value ($M) | $46 | $50 | $47 | $50 | $50 | $55 | $53 | $54 |
| ▁▁▁▂▄▅▇█ | Gross Loans ($M) | $151 | $156 | $156 | $168 | $189 | $201 | $222 | $237 |
| ▃▁▃▇▄▄▆█ | Total Deposits ($M) | $358 | $347 | $360 | $383 | $369 | $369 | $376 | $390 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |