Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.52% | +0.06 | 2.47% |
| Return on Equity (%) | ▼ | 19.63% | -0.03 | 19.66% |
| Net Interest Margin (%) | ▼ | 3.24% | -0.02 | 3.26% |
| Efficiency Ratio (%) | ▲ | 23.95% | -0.50 | 24.45% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.52 | $5 |
| Cost of Funds (%) | ▲ | 1.86% | -0.06 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $937 | +78.07 | $859 |
| Gross Loans ($M) | ▲ | $413 | +9.23 | $404 |
| Loan Growth YoY (%) | ▼ | 49.98% | -3.30 | 53.28% |
| Total Deposits ($M) | ▲ | $813 | +67.93 | $745 |
| Shareholders Equity ($M) | ▲ | $121 | +10.23 | $110 |
| Tang. Book Value ($M) | ▲ | $119 | +10.31 | $109 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +13.41 | $127 |
| Loan / Deposit Ratio (%) | ▼ | 49.98% | -3.30 | 53.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.13 | 0.10% |
| Allowance / Loans (%) | — | 1.59% | -0.06% | 1.66% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.31 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇███▆ | Net Interest Margin (%) | 2.72% | 2.81% | 2.93% | 3.26% | 3.35% | 3.39% | 3.42% | 3.24% |
| ▁▂▁▇▇█▅█ | Return on Assets (%) | 1.99% | 2.08% | 1.98% | 2.47% | 2.46% | 2.55% | 2.29% | 2.52% |
| ▄▃█▁▃▂▇▁ | Efficiency Ratio (%) | 29.3% | 28.5% | 36.1% | 24.5% | 27.1% | 25.6% | 33.9% | 24.0% |
| █▇▄▂▂▂▁▁ | Cost of Funds (%) | 2.19% | 2.15% | 2.01% | 1.93% | 1.92% | 1.94% | 1.89% | 1.86% |
| ▂▆▅▁▂███ | NPA / Assets (%) | 0.12% | 0.19% | 0.18% | 0.10% | 0.13% | 0.22% | 0.24% | 0.22% |
| ▁▆▅▁▂▇██ | Net Charge-Off Ratio (%) | 0.04% | 0.22% | 0.18% | 0.00% | 0.08% | 0.29% | 0.34% | 0.31% |
| ▁▆▁▄▄▆██ | Tang. Book Value ($M) | $102 | $113 | $102 | $109 | $110 | $114 | $118 | $119 |
| ▁▁▅▆▇███ | Gross Loans ($M) | $382 | $383 | $402 | $404 | $409 | $411 | $415 | $413 |
| ▁▂▂▂▅▆██ | Total Deposits ($M) | $724 | $740 | $740 | $745 | $770 | $788 | $809 | $813 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 17% |
| Agricultural | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 7% |