Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.21 | 1.49% |
| Return on Equity (%) | ▲ | 9.33% | +0.33 | 9.00% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.28 | 3.91% |
| Efficiency Ratio (%) | ▲ | 50.34% | -3.48 | 53.82% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.37 | $3 |
| Cost of Funds (%) | ▲ | 1.18% | -0.17 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $530 | +14.74 | $516 |
| Gross Loans ($M) | ▲ | $348 | +3.65 | $345 |
| Loan Growth YoY (%) | ▼ | 84.37% | -0.78 | 85.15% |
| Total Deposits ($M) | ▲ | $408 | +7.71 | $400 |
| Shareholders Equity ($M) | ▲ | $97 | +10.37 | $86 |
| Tang. Book Value ($M) | ▲ | $93 | +10.37 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +9.87 | $88 |
| Loan / Deposit Ratio (%) | ▼ | 84.37% | -0.78 | 85.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -1.17 | 1.40% |
| Allowance / Loans (%) | — | 1.16% | 0.06% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -1.74 | 2.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.46% | 3.51% | 3.60% | 3.91% | 3.95% | 3.98% | 4.06% | 4.19% |
| ▁▁▂▅▆▆▇█ | Return on Assets (%) | 1.22% | 1.21% | 1.30% | 1.49% | 1.53% | 1.52% | 1.59% | 1.70% |
| ██▇▃▃▃▂▁ | Efficiency Ratio (%) | 59.7% | 60.7% | 58.5% | 53.8% | 53.1% | 53.5% | 52.9% | 50.3% |
| █▇▅▃▃▂▁▁ | Cost of Funds (%) | 1.64% | 1.56% | 1.44% | 1.35% | 1.33% | 1.29% | 1.24% | 1.18% |
| ▁▁▃█▁▁▁▁ | NPA / Assets (%) | 0.20% | 0.09% | 0.48% | 1.40% | 0.15% | 0.21% | 0.19% | 0.23% |
| ▁▁▃█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.31% | 0.14% | 0.68% | 2.09% | 0.23% | 0.32% | 0.27% | 0.35% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $74 | $78 | $79 | $82 | $85 | $88 | $91 | $93 |
| ▁▁▆▄▃▂█▄ | Gross Loans ($M) | $329 | $326 | $356 | $345 | $342 | $335 | $372 | $348 |
| ▁▄▅▆▅▅▆█ | Total Deposits ($M) | $378 | $391 | $395 | $400 | $396 | $395 | $400 | $408 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 7% |
| Agricultural | 42% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |