Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.65% | +0.41 | 2.25% |
| Return on Equity (%) | ▲ | 27.00% | +2.01 | 24.99% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.38 | 3.44% |
| Efficiency Ratio (%) | ▲ | 30.86% | -3.69 | 34.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.63 | $3 |
| Cost of Funds (%) | ▲ | 1.10% | -0.04 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $448 | -24.15 | $472 |
| Gross Loans ($M) | ▲ | $250 | +1.43 | $249 |
| Loan Growth YoY (%) | ▲ | 62.65% | +4.81 | 57.84% |
| Total Deposits ($M) | ▼ | $395 | -30.91 | $426 |
| Shareholders Equity ($M) | ▲ | $49 | +5.15 | $44 |
| Tang. Book Value ($M) | ▲ | $49 | +5.15 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +5.40 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 62.65% | +4.81 | 57.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.39 | 0.49% |
| Allowance / Loans (%) | — | 1.25% | 0.12% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.76 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▂▁▃▅▅█ | Net Interest Margin (%) | 3.56% | 3.51% | 3.49% | 3.44% | 3.56% | 3.64% | 3.65% | 3.81% |
| ▂▂▁▂▂▃▂█ | Return on Assets (%) | 2.21% | 2.22% | 2.15% | 2.25% | 2.23% | 2.31% | 2.25% | 2.65% |
| ▇▇█▄▇▄▇▁ | Efficiency Ratio (%) | 37.9% | 37.4% | 39.3% | 34.5% | 37.3% | 34.9% | 37.7% | 30.9% |
| ▁▅▆▂▇█▆▁ | Cost of Funds (%) | 1.11% | 1.24% | 1.29% | 1.14% | 1.33% | 1.37% | 1.27% | 1.10% |
| ██▇▇██▁▁ | NPA / Assets (%) | 0.59% | 0.56% | 0.50% | 0.49% | 0.54% | 0.53% | 0.08% | 0.09% |
| ███▇██▁▁ | Net Charge-Off Ratio (%) | 1.02% | 1.00% | 0.97% | 0.92% | 1.07% | 1.07% | 0.16% | 0.17% |
| ▁▄▃▄▃▆██ | Tang. Book Value ($M) | $39 | $43 | $42 | $44 | $42 | $45 | $49 | $49 |
| ▁▂▅▆▅▆█▇ | Gross Loans ($M) | $230 | $235 | $244 | $249 | $244 | $249 | $256 | $250 |
| ▁▂▅▅▅▆█▃ | Total Deposits ($M) | $343 | $376 | $429 | $426 | $429 | $452 | $491 | $395 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |