Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.03 | 1.00% |
| Return on Equity (%) | ▼ | 11.02% | -1.24 | 12.26% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.05 | 3.51% |
| Efficiency Ratio (%) | ▲ | 65.18% | -3.39 | 68.57% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▼ | 1.38% | +0.06 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $305 | +5.31 | $300 |
| Gross Loans ($M) | ▲ | $166 | +9.78 | $156 |
| Loan Growth YoY (%) | ▲ | 59.68% | +2.34 | 57.34% |
| Total Deposits ($M) | ▲ | $276 | +5.61 | $270 |
| Shareholders Equity ($M) | ▲ | $29 | +4.43 | $24 |
| Tang. Book Value ($M) | ▲ | $25 | +4.43 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.41 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 59.68% | +2.34 | 57.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.36 | 0.14% |
| Allowance / Loans (%) | — | 0.87% | 0.02% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.88 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.86% | +1.52 | 13.34% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 3.39% | 3.40% | 3.43% | 3.51% | 3.52% | 3.53% | 3.55% | 3.55% |
| ██▁▃▂▄▁▄ | Return on Assets (%) | 1.15% | 1.16% | 0.91% | 1.00% | 0.97% | 1.01% | 0.94% | 1.03% |
| ▂▁▆▅█▆█▁ | Efficiency Ratio (%) | 66.0% | 65.2% | 69.1% | 68.6% | 70.7% | 69.6% | 71.4% | 65.2% |
| ▆█▄▁▇▇▇▄ | Cost of Funds (%) | 1.42% | 1.47% | 1.38% | 1.32% | 1.45% | 1.44% | 1.44% | 1.38% |
| ▇▂▁▁█▅▅█ | NPA / Assets (%) | 0.43% | 0.20% | 0.13% | 0.14% | 0.51% | 0.36% | 0.36% | 0.50% |
| ▇▂▁▁▇▆▆█ | Net Charge-Off Ratio (%) | 0.78% | 0.14% | 0.02% | 0.04% | 0.71% | 0.67% | 0.64% | 0.92% |
| ▁▅▂▃▃▇██ | Tang. Book Value ($M) | $19 | $22 | $20 | $21 | $21 | $24 | $25 | $25 |
| ▃▁▁▁▁▄█▆ | Gross Loans ($M) | $159 | $155 | $154 | $156 | $156 | $162 | $172 | $166 |
| ▁▁▁▆▁▇██ | Total Deposits ($M) | $258 | $257 | $257 | $270 | $259 | $273 | $276 | $276 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 19% |
| Agricultural | 23% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |