Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.16 | 1.29% |
| Return on Equity (%) | ▲ | 15.42% | +0.42 | 15.00% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.36 | 3.89% |
| Efficiency Ratio (%) | ▲ | 55.81% | -2.29 | 58.10% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.67 | $3 |
| Cost of Funds (%) | ▼ | 1.01% | +0.00 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $823 | +9.10 | $814 |
| Gross Loans ($M) | ▲ | $483 | +36.77 | $447 |
| Loan Growth YoY (%) | ▲ | 64.10% | +4.78 | 59.32% |
| Total Deposits ($M) | ▲ | $741 | +0.87 | $740 |
| Shareholders Equity ($M) | ▲ | $76 | +7.66 | $68 |
| Tang. Book Value ($M) | ▲ | $76 | +7.66 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +9.14 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 64.10% | +4.78 | 59.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.78% | 0.05% | 1.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.74% | +0.04 | 14.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▆▇▇█ | Net Interest Margin (%) | 3.68% | 3.77% | 3.82% | 3.89% | 4.06% | 4.12% | 4.14% | 4.25% |
| ▁▃▃▃▇███ | Return on Assets (%) | 1.19% | 1.27% | 1.28% | 1.29% | 1.41% | 1.46% | 1.46% | 1.44% |
| █▆▆▅▂▁▁▂ | Efficiency Ratio (%) | 60.5% | 58.8% | 58.8% | 58.1% | 55.3% | 54.4% | 54.3% | 55.8% |
| ▁█▇▅▅▇▆▅ | Cost of Funds (%) | 0.84% | 1.16% | 1.11% | 1.01% | 1.03% | 1.09% | 1.06% | 1.01% |
| █▅▁▁▁▂▃▂ | NPA / Assets (%) | 0.09% | 0.06% | 0.00% | 0.00% | 0.00% | 0.01% | 0.03% | 0.02% |
| █▅▁▁▁▂▃▂ | Net Charge-Off Ratio (%) | 0.15% | 0.09% | 0.00% | 0.00% | 0.00% | 0.02% | 0.04% | 0.04% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $61 | $66 | $65 | $68 | $71 | $75 | $77 | $76 |
| ▁▁▃▃▇▆██ | Gross Loans ($M) | $431 | $427 | $445 | $447 | $476 | $468 | $486 | $483 |
| ▁▁▂█▇▅██ | Total Deposits ($M) | $662 | $657 | $670 | $740 | $724 | $706 | $733 | $741 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 4% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 1% |