Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.23 | 1.16% |
| Return on Equity (%) | ▼ | 22.38% | -1.54 | 23.92% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.14 | 3.67% |
| Efficiency Ratio (%) | ▲ | 65.68% | -4.52 | 70.19% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.47 | $2 |
| Cost of Funds (%) | ▲ | 0.78% | -0.12 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $652 | +34.67 | $617 |
| Gross Loans ($M) | ▲ | $350 | +20.87 | $330 |
| Loan Growth YoY (%) | ▲ | 56.86% | +0.88 | 55.98% |
| Total Deposits ($M) | ▲ | $607 | +27.49 | $579 |
| Shareholders Equity ($M) | ▲ | $40 | +7.95 | $32 |
| Tang. Book Value ($M) | ▲ | $39 | +8.12 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +7.29 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 56.86% | +0.88 | 55.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.11 | 0.18% |
| Allowance / Loans (%) | — | 1.58% | -0.06% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.20 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▇▇█ | Net Interest Margin (%) | 3.63% | 3.64% | 3.65% | 3.67% | 3.72% | 3.77% | 3.77% | 3.81% |
| ▁▁▁▄▂▃▄█ | Return on Assets (%) | 1.05% | 1.02% | 1.05% | 1.16% | 1.09% | 1.15% | 1.17% | 1.38% |
| ███▅▆▅▅▁ | Efficiency Ratio (%) | 73.4% | 74.3% | 73.3% | 70.2% | 71.8% | 70.9% | 70.4% | 65.7% |
| █▇▅▆▅▄▂▁ | Cost of Funds (%) | 0.96% | 0.92% | 0.88% | 0.91% | 0.87% | 0.87% | 0.81% | 0.78% |
| █▆▆▄▄▃▁▁ | NPA / Assets (%) | 0.34% | 0.27% | 0.25% | 0.18% | 0.17% | 0.15% | 0.09% | 0.07% |
| █▇▆▄▄▃▁▁ | Net Charge-Off Ratio (%) | 0.59% | 0.49% | 0.46% | 0.33% | 0.32% | 0.28% | 0.18% | 0.13% |
| ▁▅▁▄▆▇██ | Tang. Book Value ($M) | $24 | $32 | $26 | $31 | $33 | $36 | $38 | $39 |
| ▅▂▁▂▄▃▃█ | Gross Loans ($M) | $339 | $331 | $326 | $330 | $338 | $333 | $335 | $350 |
| ▁▂▄▄▄▃▇█ | Total Deposits ($M) | $555 | $565 | $579 | $579 | $576 | $570 | $594 | $607 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 2% |