Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.44 | 0.92% |
| Return on Equity (%) | ▲ | 9.57% | +1.83 | 7.74% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.41 | 2.97% |
| Efficiency Ratio (%) | ▲ | 60.75% | -3.82 | 64.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.18 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $536 | -11.58 | $548 |
| Gross Loans ($M) | ▲ | $327 | +4.94 | $322 |
| Loan Growth YoY (%) | ▲ | 72.65% | +4.04 | 68.62% |
| Total Deposits ($M) | ▼ | $446 | -19.00 | $465 |
| Shareholders Equity ($M) | ▲ | $76 | +9.75 | $66 |
| Tang. Book Value ($M) | ▲ | $63 | +9.84 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +10.05 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 72.65% | +4.04 | 68.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.18 | 0.48% |
| Allowance / Loans (%) | — | 1.04% | -0.02% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.22 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.22% | +1.24 | 16.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.72% | 2.74% | 2.79% | 2.97% | 3.11% | 3.17% | 3.24% | 3.38% |
| ▁▁▁▃▆▇▇█ | Return on Assets (%) | 0.73% | 0.71% | 0.74% | 0.92% | 1.19% | 1.25% | 1.25% | 1.36% |
| ███▆▁▁▁▂ | Efficiency Ratio (%) | 67.1% | 66.5% | 66.6% | 64.6% | 59.5% | 58.7% | 58.7% | 60.8% |
| ▇▇█▅▄▃▃▁ | Cost of Funds (%) | 1.51% | 1.54% | 1.58% | 1.43% | 1.40% | 1.36% | 1.34% | 1.25% |
| █▂▇██▅▁▄ | NPA / Assets (%) | 0.47% | 0.20% | 0.42% | 0.48% | 0.50% | 0.36% | 0.16% | 0.29% |
| █▂▆▇█▅▁▄ | Net Charge-Off Ratio (%) | 0.78% | 0.34% | 0.61% | 0.70% | 0.81% | 0.56% | 0.25% | 0.48% |
| ▁▄▁▂▃▇██ | Tang. Book Value ($M) | $52 | $56 | $52 | $54 | $56 | $61 | $62 | $63 |
| ▁▄▆▃▅█▄█ | Gross Loans ($M) | $319 | $323 | $325 | $322 | $324 | $327 | $323 | $327 |
| ▄▆██▄▁▂▅ | Total Deposits ($M) | $444 | $451 | $460 | $465 | $441 | $424 | $430 | $446 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 10% |
| Agricultural | 12% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |