Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.41 | 1.03% |
| Return on Equity (%) | ▲ | 10.04% | +2.01 | 8.03% |
| Net Interest Margin (%) | ▲ | 4.82% | +0.68 | 4.13% |
| Efficiency Ratio (%) | ▲ | 61.04% | -5.31 | 66.35% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.88 | $3 |
| Cost of Funds (%) | ▲ | 1.17% | -0.10 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $779 | -32.98 | $812 |
| Gross Loans ($M) | ▲ | $587 | +22.21 | $565 |
| Loan Growth YoY (%) | ▲ | 88.93% | +8.33 | 80.60% |
| Total Deposits ($M) | ▼ | $653 | -40.98 | $694 |
| Shareholders Equity ($M) | ▲ | $113 | +8.06 | $105 |
| Tang. Book Value ($M) | ▲ | $110 | +8.09 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $115 | +6.82 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 88.93% | +8.33 | 80.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.37 | 0.56% |
| Allowance / Loans (%) | — | 1.12% | 0.11% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.42 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▃▄█ | Net Interest Margin (%) | 3.99% | 4.04% | 4.10% | 4.13% | 4.24% | 4.28% | 4.39% | 4.82% |
| ▁▁▃▂▂▃▄█ | Return on Assets (%) | 0.93% | 0.97% | 1.09% | 1.03% | 1.06% | 1.07% | 1.14% | 1.45% |
| █▆▅▅▄▄▃▁ | Efficiency Ratio (%) | 70.1% | 67.6% | 66.0% | 66.3% | 65.1% | 65.1% | 64.3% | 61.0% |
| ▇█▆▄▄▅▄▁ | Cost of Funds (%) | 1.38% | 1.42% | 1.34% | 1.28% | 1.27% | 1.32% | 1.28% | 1.17% |
| ▁▂▁▅▃▄▄█ | NPA / Assets (%) | 0.14% | 0.28% | 0.12% | 0.56% | 0.42% | 0.51% | 0.49% | 0.93% |
| ▁▂▁▅▄▅▄█ | Net Charge-Off Ratio (%) | 0.19% | 0.39% | 0.17% | 0.81% | 0.59% | 0.71% | 0.66% | 1.23% |
| ▁▃▄▅▆███ | Tang. Book Value ($M) | $92 | $97 | $98 | $101 | $104 | $107 | $109 | $110 |
| ▃▂▁▂▃▅▇█ | Gross Loans ($M) | $566 | $566 | $559 | $565 | $569 | $575 | $583 | $587 |
| ▂▄▇██▇▂▁ | Total Deposits ($M) | $659 | $673 | $684 | $694 | $689 | $685 | $662 | $653 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 4% |