Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.22 | 1.41% |
| Return on Equity (%) | ▲ | 17.25% | +1.19 | 16.06% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.23 | 4.31% |
| Efficiency Ratio (%) | ▲ | 54.11% | -2.63 | 56.75% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.59 | $3 |
| Cost of Funds (%) | ▲ | 0.87% | -0.14 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $692 | +32.92 | $659 |
| Gross Loans ($M) | ▲ | $380 | +22.24 | $358 |
| Loan Growth YoY (%) | ▲ | 60.26% | +0.93 | 59.33% |
| Total Deposits ($M) | ▲ | $624 | +27.27 | $597 |
| Shareholders Equity ($M) | ▲ | $64 | +4.53 | $60 |
| Tang. Book Value ($M) | ▲ | $51 | +5.75 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +5.79 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 60.26% | +0.93 | 59.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.14% | -0.01% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.77% | -0.08 | 13.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.68% | 3.74% | 3.81% | 4.31% | 4.38% | 4.46% | 4.47% | 4.54% |
| ▁▁▂▅▅▆▆█ | Return on Assets (%) | 1.08% | 1.09% | 1.20% | 1.41% | 1.43% | 1.47% | 1.45% | 1.63% |
| ███▃▃▃▃▁ | Efficiency Ratio (%) | 61.5% | 61.9% | 61.4% | 56.7% | 56.1% | 56.3% | 56.9% | 54.1% |
| ██▃▂▃▂▁▁ | Cost of Funds (%) | 1.44% | 1.47% | 1.09% | 1.01% | 1.03% | 1.01% | 0.93% | 0.87% |
| ███▇▄▃▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ███▇▄▃▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.03% | 0.03% |
| ▁▄▁▄▄▇██ | Tang. Book Value ($M) | $41 | $45 | $42 | $45 | $46 | $50 | $52 | $51 |
| ▁▂▃▅▅▆██ | Gross Loans ($M) | $324 | $335 | $347 | $358 | $361 | $365 | $385 | $380 |
| ▁▁▇▆▅▆▇█ | Total Deposits ($M) | $549 | $539 | $609 | $597 | $588 | $596 | $608 | $624 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 8% |
| Agricultural | 10% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |