Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.47% | +0.45 | 2.02% |
| Return on Equity (%) | ▲ | 24.64% | +4.77 | 19.87% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.30 | 3.88% |
| Efficiency Ratio (%) | ▲ | 39.89% | -8.64 | 48.52% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.11 | $4 |
| Cost of Funds (%) | ▲ | 2.19% | -0.22 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $915 | +114.12 | $801 |
| Gross Loans ($M) | ▲ | $825 | +119.70 | $705 |
| Loan Growth YoY (%) | ▲ | 107.14% | +6.17 | 100.96% |
| Total Deposits ($M) | ▲ | $763 | +70.35 | $692 |
| Shareholders Equity ($M) | ▲ | $93 | +8.88 | $84 |
| Tang. Book Value ($M) | ▲ | $92 | +8.88 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +8.28 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 107.14% | +6.17 | 100.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.03 | 0.01% |
| Allowance / Loans (%) | — | 0.92% | 0.07% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.03 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.82 | 11.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▃▁▃▇██ | Net Interest Margin (%) | 3.92% | 3.97% | 3.97% | 3.88% | 3.99% | 4.13% | 4.19% | 4.18% |
| ▅▆▆▁▁▃▃█ | Return on Assets (%) | 2.27% | 2.34% | 2.31% | 2.02% | 2.04% | 2.15% | 2.17% | 2.47% |
| ▃▂▃██▇█▁ | Efficiency Ratio (%) | 43.0% | 42.0% | 42.9% | 48.5% | 48.5% | 47.3% | 47.5% | 39.9% |
| ▆█▅▄▃▂▁▁ | Cost of Funds (%) | 2.52% | 2.66% | 2.46% | 2.40% | 2.33% | 2.30% | 2.22% | 2.19% |
| ▇▁▂▃▄▄▄█ | NPA / Assets (%) | 0.04% | 0.00% | 0.01% | 0.01% | 0.02% | 0.02% | 0.02% | 0.04% |
| █▁▂▃▄▃▄█ | Net Charge-Off Ratio (%) | 0.05% | 0.00% | 0.01% | 0.02% | 0.02% | 0.01% | 0.02% | 0.05% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $75 | $79 | $80 | $83 | $83 | $86 | $88 | $92 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $646 | $675 | $682 | $705 | $744 | $760 | $799 | $825 |
| ▁▃▅▄▅▆██ | Total Deposits ($M) | $625 | $669 | $706 | $692 | $710 | $724 | $753 | $763 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 18% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 8% |