Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.23 | 0.68% |
| Return on Equity (%) | ▲ | 9.52% | +1.41 | 8.11% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.19 | 3.51% |
| Efficiency Ratio (%) | ▲ | 70.01% | -8.44 | 78.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $1 |
| Cost of Funds (%) | ▲ | 0.95% | -0.02 | 0.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $536 | +14.25 | $522 |
| Gross Loans ($M) | ▲ | $270 | +15.54 | $254 |
| Loan Growth YoY (%) | ▲ | 55.29% | +2.38 | 52.91% |
| Total Deposits ($M) | ▲ | $483 | +7.56 | $476 |
| Shareholders Equity ($M) | ▲ | $51 | +7.00 | $44 |
| Tang. Book Value ($M) | ▲ | $44 | +7.11 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +7.28 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 55.29% | +2.38 | 52.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.09 | 0.33% |
| Allowance / Loans (%) | — | 1.01% | -0.04% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.77% | +0.09 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 3.28% | 3.27% | 3.34% | 3.51% | 3.53% | 3.59% | 3.62% | 3.70% |
| ▁▁▁▅▆▆▅█ | Return on Assets (%) | 0.42% | 0.44% | 0.46% | 0.68% | 0.77% | 0.76% | 0.72% | 0.91% |
| ███▅▃▃▂▁ | Efficiency Ratio (%) | 86.0% | 84.4% | 84.2% | 78.4% | 74.8% | 74.9% | 73.8% | 70.0% |
| ▄▆▄▂▄█▃▁ | Cost of Funds (%) | 1.03% | 1.08% | 1.04% | 0.97% | 1.03% | 1.12% | 1.00% | 0.95% |
| ▁▁▁▁▄▃██ | NPA / Assets (%) | 0.33% | 0.32% | 0.33% | 0.33% | 0.36% | 0.35% | 0.42% | 0.42% |
| ▁▁▁▆▆▆██ | Net Charge-Off Ratio (%) | 0.43% | 0.46% | 0.47% | 0.68% | 0.68% | 0.68% | 0.82% | 0.77% |
| ▁▄▁▃▃▇██ | Tang. Book Value ($M) | $33 | $37 | $34 | $37 | $36 | $41 | $44 | $44 |
| ▁▁▂▁▁▄██ | Gross Loans ($M) | $253 | $252 | $255 | $254 | $252 | $259 | $269 | $270 |
| ▁▆▄▇█▅██ | Total Deposits ($M) | $426 | $467 | $453 | $476 | $478 | $456 | $480 | $483 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 7% |