Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.39 | 0.71% |
| Return on Equity (%) | ▲ | 10.57% | +2.95 | 7.62% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.62 | 3.06% |
| Efficiency Ratio (%) | ▲ | 59.63% | -9.02 | 68.65% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.00 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.32 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $767 | -9.77 | $777 |
| Gross Loans ($M) | ▲ | $613 | +28.33 | $585 |
| Loan Growth YoY (%) | ▲ | 90.21% | +6.69 | 83.52% |
| Total Deposits ($M) | ▼ | $669 | -19.50 | $688 |
| Shareholders Equity ($M) | ▲ | $80 | +8.95 | $71 |
| Tang. Book Value ($M) | ▲ | $77 | +9.02 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +8.59 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 90.21% | +6.69 | 83.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.65% | -0.10% | 1.76% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.34% | +0.86 | 11.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▁▃▄█ | Net Interest Margin (%) | 3.15% | 3.13% | 3.13% | 3.06% | 3.09% | 3.23% | 3.33% | 3.68% |
| ▁▁▁▂▃▄▅█ | Return on Assets (%) | 0.62% | 0.61% | 0.64% | 0.71% | 0.79% | 0.85% | 0.90% | 1.10% |
| ███▅▅▄▃▁ | Efficiency Ratio (%) | 73.9% | 74.1% | 72.7% | 68.6% | 67.3% | 65.8% | 64.9% | 59.6% |
| ▇█▇▆▄▃▃▁ | Cost of Funds (%) | 2.02% | 2.11% | 2.05% | 1.99% | 1.85% | 1.83% | 1.79% | 1.68% |
| █▅▅▁▁▁▁▁ | NPA / Assets (%) | 0.40% | 0.23% | 0.25% | 0.05% | 0.01% | 0.01% | 0.01% | 0.01% |
| █▅▅▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.50% | 0.30% | 0.28% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▃▄▁▃▅▇█ | Tang. Book Value ($M) | $67 | $70 | $71 | $68 | $70 | $73 | $75 | $77 |
| ▃▂▁▃▂▁▃█ | Gross Loans ($M) | $584 | $581 | $577 | $585 | $580 | $572 | $583 | $613 |
| ▁▅▇▆█▅▅▅ | Total Deposits ($M) | $592 | $669 | $694 | $688 | $720 | $671 | $666 | $669 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 17% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 11% |