Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.11 | 1.38% |
| Return on Equity (%) | ▲ | 13.92% | +0.14 | 13.78% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.21 | 4.25% |
| Efficiency Ratio (%) | ▼ | 55.94% | +0.14 | 55.80% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.21 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.25 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $507 | +26.24 | $481 |
| Gross Loans ($M) | ▲ | $351 | +28.07 | $323 |
| Loan Growth YoY (%) | ▲ | 77.06% | +2.70 | 74.37% |
| Total Deposits ($M) | ▲ | $449 | +20.83 | $428 |
| Shareholders Equity ($M) | ▲ | $54 | +5.76 | $48 |
| Tang. Book Value ($M) | ▲ | $53 | +5.95 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +6.14 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 77.06% | +2.70 | 74.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.22 | 0.39% |
| Allowance / Loans (%) | — | 1.37% | 0.03% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.37 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▄▁▄▆██ | Net Interest Margin (%) | 4.33% | 4.34% | 4.35% | 4.25% | 4.34% | 4.40% | 4.46% | 4.46% |
| ▃▃▁▁▇▇▇█ | Return on Assets (%) | 1.41% | 1.41% | 1.37% | 1.38% | 1.47% | 1.47% | 1.48% | 1.50% |
| ▄▄█▂▂▁▂▂ | Efficiency Ratio (%) | 56.7% | 56.3% | 58.2% | 55.8% | 55.8% | 55.2% | 55.8% | 55.9% |
| ▆██▇▆▆▅▁ | Cost of Funds (%) | 1.68% | 1.80% | 1.78% | 1.73% | 1.69% | 1.70% | 1.65% | 1.47% |
| ▃▁▄█▂▁▁▁ | NPA / Assets (%) | 0.24% | 0.17% | 0.27% | 0.39% | 0.20% | 0.18% | 0.19% | 0.17% |
| ▃▁▄█▂▂▂▁ | Net Charge-Off Ratio (%) | 0.34% | 0.24% | 0.38% | 0.59% | 0.29% | 0.27% | 0.26% | 0.21% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $43 | $45 | $45 | $47 | $49 | $51 | $51 | $53 |
| ▁▁▃▂▄▆▇█ | Gross Loans ($M) | $315 | $319 | $324 | $323 | $328 | $337 | $343 | $351 |
| ▁▁▃▅▅▆▅█ | Total Deposits ($M) | $396 | $397 | $413 | $428 | $424 | $435 | $427 | $449 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 8% |
| Agricultural | 8% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |