Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.13 | 1.49% |
| Return on Equity (%) | ▼ | 18.81% | -0.73 | 19.54% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.27 | 3.97% |
| Efficiency Ratio (%) | ▲ | 56.15% | -1.96 | 58.11% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.54 | $3 |
| Cost of Funds (%) | ▲ | 1.34% | -0.14 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $702 | +37.59 | $665 |
| Gross Loans ($M) | ▲ | $410 | +53.98 | $356 |
| Loan Growth YoY (%) | ▲ | 64.21% | +5.96 | 58.25% |
| Total Deposits ($M) | ▲ | $635 | +27.30 | $607 |
| Shareholders Equity ($M) | ▲ | $61 | +9.97 | $51 |
| Tang. Book Value ($M) | ▲ | $56 | +10.94 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +10.53 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 64.21% | +5.96 | 58.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.05 | 0.03% |
| Allowance / Loans (%) | — | 0.53% | -0.01% | 0.54% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.09 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.28% | -0.18 | 13.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 3.81% | 3.81% | 3.84% | 3.97% | 4.09% | 4.15% | 4.15% | 4.25% |
| ▁▁▃▆▇███ | Return on Assets (%) | 1.22% | 1.27% | 1.34% | 1.49% | 1.56% | 1.62% | 1.64% | 1.62% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 63.6% | 62.4% | 60.9% | 58.1% | 57.2% | 56.5% | 56.2% | 56.1% |
| ▅█▅▃▄▄▂▁ | Cost of Funds (%) | 1.58% | 1.76% | 1.60% | 1.48% | 1.53% | 1.51% | 1.42% | 1.34% |
| ▆█▂▁▂▄▁▂ | NPA / Assets (%) | 0.30% | 0.39% | 0.08% | 0.03% | 0.11% | 0.19% | 0.03% | 0.09% |
| ▆█▂▁▂▄▁▂ | Net Charge-Off Ratio (%) | 0.52% | 0.71% | 0.14% | 0.06% | 0.20% | 0.34% | 0.05% | 0.15% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $40 | $46 | $43 | $45 | $47 | $53 | $55 | $56 |
| ▁▁▃▁▃▃█▇ | Gross Loans ($M) | $357 | $357 | $378 | $356 | $373 | $373 | $418 | $410 |
| ▁▁▄▅▅▄██ | Total Deposits ($M) | $562 | $563 | $595 | $607 | $603 | $597 | $637 | $635 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 38% |
| C&I / Commercial | 9% |
| Agricultural | 48% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 11% |