Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +0.13 | 2.37% |
| Return on Equity (%) | ▼ | 37.95% | -10.99 | 48.94% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.16 | 4.19% |
| Efficiency Ratio (%) | ▲ | 47.18% | -0.37 | 47.55% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.41 | $5 |
| Cost of Funds (%) | ▲ | 1.02% | -0.14 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $847 | -7.07 | $854 |
| Gross Loans ($M) | ▲ | $533 | +10.82 | $523 |
| Loan Growth YoY (%) | ▲ | 70.58% | +3.97 | 66.61% |
| Total Deposits ($M) | ▼ | $748 | -28.89 | $777 |
| Shareholders Equity ($M) | ▲ | $55 | +13.76 | $41 |
| Tang. Book Value ($M) | ▲ | $55 | +13.76 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +14.26 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 70.58% | +3.97 | 66.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.14 | 0.01% |
| Allowance / Loans (%) | — | 1.01% | 0.06% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.25 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.40% | +1.19 | 13.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▄▁▇██▄ | Net Interest Margin (%) | 4.28% | 4.29% | 4.33% | 4.19% | 4.45% | 4.50% | 4.51% | 4.35% |
| ▁▂▄▁▇█▇▄ | Return on Assets (%) | 2.40% | 2.44% | 2.52% | 2.37% | 2.62% | 2.69% | 2.64% | 2.50% |
| █▇██▁▁▁▇ | Efficiency Ratio (%) | 47.4% | 46.9% | 47.5% | 47.5% | 44.9% | 44.7% | 45.0% | 47.2% |
| ▆██▄▄▃▂▁ | Cost of Funds (%) | 1.23% | 1.32% | 1.34% | 1.16% | 1.15% | 1.12% | 1.07% | 1.02% |
| ██▁▁▁▂▃▅ | NPA / Assets (%) | 0.30% | 0.29% | 0.02% | 0.01% | 0.03% | 0.07% | 0.10% | 0.16% |
| ██▁▁▁▂▃▅ | Net Charge-Off Ratio (%) | 0.48% | 0.44% | 0.00% | 0.00% | 0.05% | 0.11% | 0.16% | 0.25% |
| ▁▄▃▄▄▆██ | Tang. Book Value ($M) | $31 | $41 | $38 | $41 | $43 | $49 | $57 | $55 |
| ▁▄▆▆▇▆▇█ | Gross Loans ($M) | $491 | $510 | $518 | $523 | $527 | $521 | $528 | $533 |
| ▁▂▃█▄▅▆▆ | Total Deposits ($M) | $669 | $691 | $701 | $777 | $720 | $725 | $750 | $748 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 10% |