Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.02 | 0.76% |
| Return on Equity (%) | ▲ | 6.59% | +0.26 | 6.33% |
| Net Interest Margin (%) | ▼ | 3.65% | -0.06 | 3.71% |
| Efficiency Ratio (%) | ▲ | 64.55% | -2.93 | 67.47% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.04 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $271 | +16.06 | $255 |
| Gross Loans ($M) | ▲ | $185 | +4.70 | $181 |
| Loan Growth YoY (%) | ▼ | 82.55% | -2.07 | 84.62% |
| Total Deposits ($M) | ▲ | $222 | +10.83 | $211 |
| Shareholders Equity ($M) | ▲ | $32 | +1.69 | $30 |
| Tang. Book Value ($M) | ▲ | $21 | +1.86 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.34 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 82.55% | -2.07 | 84.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.07% | +1.91 | 0.16% |
| Allowance / Loans (%) | — | 0.91% | 0.05% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 3.01% | +2.80 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.15% | +1.69 | 10.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇█▁▂▁▁▁ | Net Interest Margin (%) | 4.24% | 4.31% | 4.47% | 3.71% | 3.76% | 3.72% | 3.74% | 3.65% |
| ▆█▇▁▃▁▃▂ | Return on Assets (%) | 0.91% | 0.99% | 0.93% | 0.76% | 0.82% | 0.74% | 0.82% | 0.78% |
| ▄▁▂█▆▃▃▆ | Efficiency Ratio (%) | 63.1% | 59.0% | 60.5% | 67.5% | 64.4% | 62.2% | 61.8% | 64.5% |
| ▁▇▆▆▅▆█▅ | Cost of Funds (%) | 1.31% | 1.58% | 1.55% | 1.55% | 1.49% | 1.54% | 1.66% | 1.50% |
| ▁▁▁▁▃▇██ | NPA / Assets (%) | 0.14% | 0.05% | 0.03% | 0.16% | 0.71% | 1.76% | 2.04% | 2.07% |
| ▁▁▁▁▃▇██ | Net Charge-Off Ratio (%) | 0.24% | 0.07% | 0.04% | 0.21% | 1.01% | 2.47% | 2.89% | 3.01% |
| ▁▁▁▇████ | Tang. Book Value ($M) | $7 | $8 | $8 | $19 | $20 | $20 | $21 | $21 |
| ▁▁▁█████ | Gross Loans ($M) | $59 | $69 | $74 | $181 | $184 | $192 | $189 | $185 |
| ▁▁▁█████ | Total Deposits ($M) | $84 | $89 | $85 | $211 | $216 | $220 | $217 | $222 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 7% |
| Agricultural | 17% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |