Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +1.12 | 0.73% |
| Return on Equity (%) | ▲ | 15.80% | +10.14 | 5.66% |
| Net Interest Margin (%) | ▼ | 4.13% | -0.09 | 4.22% |
| Efficiency Ratio (%) | ▲ | 44.46% | -10.09 | 54.55% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.67 | $3 |
| Cost of Funds (%) | ▲ | 1.48% | -0.36 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $904 | +257.90 | $646 |
| Gross Loans ($M) | ▲ | $648 | +131.13 | $517 |
| Loan Growth YoY (%) | ▼ | 81.07% | -9.70 | 90.77% |
| Total Deposits ($M) | ▲ | $784 | +227.35 | $556 |
| Shareholders Equity ($M) | ▲ | $101 | +26.34 | $74 |
| Tang. Book Value ($M) | ▲ | $76 | +10.04 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +13.16 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 81.07% | -9.70 | 90.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.23 | 0.06% |
| Allowance / Loans (%) | — | 1.97% | -0.34% | 2.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.18 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆███▆ | Net Interest Margin (%) | 3.58% | 3.61% | 3.65% | 4.22% | 4.43% | 4.43% | 4.46% | 4.13% |
| █▇▆▁▃▄▅▅ | Return on Assets (%) | 2.89% | 2.45% | 2.12% | 0.73% | 1.47% | 1.63% | 1.85% | 1.84% |
| ▁▁▄█▅▅▅▃ | Efficiency Ratio (%) | 38.6% | 39.9% | 45.7% | 54.5% | 46.9% | 46.9% | 47.6% | 44.5% |
| ██▇▅█▆▃▁ | Cost of Funds (%) | 2.03% | 2.04% | 1.97% | 1.83% | 2.09% | 1.91% | 1.66% | 1.48% |
| ▁▁▁▂▂▂▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.06% | 0.05% | 0.04% | 0.00% | 0.30% |
| ▁▁▁▃▂▂▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.08% | 0.06% | 0.06% | 0.00% | 0.26% |
| ▄▇▆▁▃▆██ | Tang. Book Value ($M) | $70 | $74 | $73 | $66 | $69 | $73 | $76 | $76 |
| ▁▁▁▅▅▅▆█ | Gross Loans ($M) | $381 | $378 | $377 | $517 | $524 | $536 | $574 | $648 |
| ▁▁▁▄▄▄▄█ | Total Deposits ($M) | $393 | $405 | $420 | $556 | $565 | $562 | $582 | $784 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |