Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.19 | 1.62% |
| Return on Equity (%) | ▲ | 14.09% | +0.81 | 13.28% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.30 | 4.44% |
| Efficiency Ratio (%) | ▲ | 45.27% | -2.71 | 47.98% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.57 | $3 |
| Cost of Funds (%) | ▲ | 2.21% | -0.35 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $583 | +37.12 | $546 |
| Gross Loans ($M) | ▲ | $422 | +35.35 | $386 |
| Loan Growth YoY (%) | ▲ | 83.94% | +2.38 | 81.55% |
| Total Deposits ($M) | ▲ | $496 | +28.52 | $468 |
| Shareholders Equity ($M) | ▲ | $76 | +8.56 | $67 |
| Tang. Book Value ($M) | ▲ | $76 | +8.56 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +7.52 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 83.94% | +2.38 | 81.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.56% | -0.07 | 0.63% |
| Allowance / Loans (%) | — | 1.15% | -0.04% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -0.18 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▄▁▂▅▅█ | Net Interest Margin (%) | 4.55% | 4.60% | 4.59% | 4.44% | 4.50% | 4.61% | 4.61% | 4.74% |
| ▁▁▁▂▄▆▆█ | Return on Assets (%) | 1.60% | 1.58% | 1.60% | 1.62% | 1.67% | 1.74% | 1.74% | 1.81% |
| █▇▇▆▃▁▁▁ | Efficiency Ratio (%) | 49.6% | 49.0% | 48.8% | 48.0% | 46.5% | 45.2% | 45.5% | 45.3% |
| ▆██▇▆▆▃▁ | Cost of Funds (%) | 2.49% | 2.58% | 2.61% | 2.56% | 2.47% | 2.48% | 2.36% | 2.21% |
| █▄▄▆▃▁▁▄ | NPA / Assets (%) | 0.70% | 0.57% | 0.55% | 0.63% | 0.53% | 0.46% | 0.48% | 0.56% |
| █▅▄▆▃▁▁▂ | Net Charge-Off Ratio (%) | 0.98% | 0.83% | 0.78% | 0.89% | 0.74% | 0.63% | 0.66% | 0.71% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $62 | $65 | $65 | $67 | $68 | $72 | $74 | $76 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $355 | $364 | $380 | $386 | $405 | $414 | $426 | $422 |
| ▁▂▄▅▇▇██ | Total Deposits ($M) | $433 | $448 | $463 | $468 | $488 | $486 | $495 | $496 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 24% |