Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.31 | 1.06% |
| Return on Equity (%) | ▲ | 11.32% | +2.10 | 9.22% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.39 | 3.55% |
| Efficiency Ratio (%) | ▲ | 54.78% | -5.84 | 60.62% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.66 | $2 |
| Cost of Funds (%) | ▲ | 1.90% | -0.17 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $489 | +31.99 | $457 |
| Gross Loans ($M) | ▲ | $381 | +38.41 | $342 |
| Loan Growth YoY (%) | ▲ | 92.13% | +4.24 | 87.89% |
| Total Deposits ($M) | ▲ | $409 | +23.30 | $386 |
| Shareholders Equity ($M) | ▲ | $59 | +6.66 | $53 |
| Tang. Book Value ($M) | ▲ | $58 | +6.66 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +6.67 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 92.13% | +4.24 | 87.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.00 | 0.50% |
| Allowance / Loans (%) | — | 1.09% | 0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.64% | -0.03 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.36% | 3.36% | 3.43% | 3.55% | 3.66% | 3.74% | 3.80% | 3.94% |
| ▁▁▂▂▄▄▆█ | Return on Assets (%) | 0.98% | 1.00% | 1.04% | 1.06% | 1.13% | 1.17% | 1.22% | 1.37% |
| ██▇▇▅▃▂▁ | Efficiency Ratio (%) | 62.3% | 61.6% | 61.2% | 60.6% | 59.0% | 57.5% | 56.5% | 54.8% |
| ███▄▅▅▄▁ | Cost of Funds (%) | 2.23% | 2.27% | 2.26% | 2.07% | 2.10% | 2.10% | 2.08% | 1.90% |
| ▁▁▆▇█▆▆▇ | NPA / Assets (%) | 0.02% | 0.00% | 0.45% | 0.50% | 0.61% | 0.43% | 0.44% | 0.50% |
| ▁▁▆▇█▆▆▇ | Net Charge-Off Ratio (%) | 0.02% | 0.00% | 0.59% | 0.66% | 0.80% | 0.58% | 0.58% | 0.64% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $47 | $50 | $49 | $51 | $53 | $55 | $57 | $58 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $323 | $325 | $337 | $342 | $350 | $356 | $368 | $381 |
| ▁▄▄▆▅▇██ | Total Deposits ($M) | $339 | $366 | $368 | $386 | $380 | $399 | $404 | $409 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 16% |
| Agricultural | 17% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |