Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.03% | +0.39 | 1.64% |
| Return on Equity (%) | ▲ | 15.60% | +2.35 | 13.25% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.49 | 3.14% |
| Efficiency Ratio (%) | ▲ | 28.32% | -4.24 | 32.56% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.20 | $4 |
| Cost of Funds (%) | ▲ | 1.87% | -0.24 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $834 | +36.57 | $798 |
| Gross Loans ($M) | ▲ | $454 | +20.40 | $434 |
| Loan Growth YoY (%) | ▲ | 61.90% | +0.42 | 61.48% |
| Total Deposits ($M) | ▲ | $724 | +27.36 | $697 |
| Shareholders Equity ($M) | ▲ | $104 | +8.66 | $96 |
| Tang. Book Value ($M) | ▲ | $104 | +8.66 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +8.98 | $111 |
| Loan / Deposit Ratio (%) | ▲ | 61.90% | +0.42 | 61.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.03 | 0.32% |
| Allowance / Loans (%) | — | 1.23% | 0.07% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -0.05 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.76% | 2.80% | 2.88% | 3.14% | 3.40% | 3.48% | 3.54% | 3.62% |
| ▁▁▁▃▅▆▆█ | Return on Assets (%) | 1.49% | 1.48% | 1.49% | 1.64% | 1.77% | 1.86% | 1.88% | 2.03% |
| ▇▇█▄▃▂▆▁ | Efficiency Ratio (%) | 34.9% | 35.3% | 36.9% | 32.6% | 31.1% | 30.2% | 34.0% | 28.3% |
| ███▅▃▂▁▁ | Cost of Funds (%) | 2.29% | 2.29% | 2.24% | 2.11% | 1.98% | 1.94% | 1.92% | 1.87% |
| ▁▄▃██▆▆▇ | NPA / Assets (%) | 0.19% | 0.24% | 0.24% | 0.32% | 0.31% | 0.28% | 0.28% | 0.29% |
| ▁▅▄██▆▆▇ | Net Charge-Off Ratio (%) | 0.28% | 0.44% | 0.43% | 0.59% | 0.57% | 0.50% | 0.51% | 0.54% |
| ▂▆▃▂▁▆█▅ | Tang. Book Value ($M) | $97 | $107 | $100 | $96 | $93 | $106 | $113 | $104 |
| ▁▃▅▅▅███ | Gross Loans ($M) | $411 | $426 | $434 | $434 | $438 | $456 | $452 | $454 |
| ▃▁▂▄▅▅▇█ | Total Deposits ($M) | $686 | $670 | $680 | $697 | $703 | $701 | $713 | $724 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 21% |