Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.59% | +0.33 | 2.25% |
| Return on Equity (%) | ▲ | 21.23% | +1.68 | 19.55% |
| Net Interest Margin (%) | ▲ | 4.98% | +0.47 | 4.51% |
| Efficiency Ratio (%) | ▲ | 39.15% | -3.58 | 42.72% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.41 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.36 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $369 | +9.61 | $360 |
| Gross Loans ($M) | ▲ | $277 | +6.85 | $270 |
| Loan Growth YoY (%) | ▼ | 85.76% | -2.66 | 88.42% |
| Total Deposits ($M) | ▲ | $319 | +16.55 | $303 |
| Shareholders Equity ($M) | ▲ | $46 | +3.59 | $43 |
| Tang. Book Value ($M) | ▲ | $43 | +4.54 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +4.36 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 85.76% | -2.66 | 88.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -1.03 | 1.44% |
| Allowance / Loans (%) | — | 1.16% | 0.24% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -1.37 | 1.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▃▃▅█ | Net Interest Margin (%) | 4.54% | 4.50% | 4.46% | 4.51% | 4.65% | 4.63% | 4.73% | 4.98% |
| ▄▄▃▆▁▂▄█ | Return on Assets (%) | 2.03% | 2.02% | 1.96% | 2.25% | 1.62% | 1.85% | 2.09% | 2.59% |
| ▆▆█▄▆▆▇▁ | Efficiency Ratio (%) | 44.7% | 44.8% | 47.0% | 42.7% | 44.9% | 44.2% | 45.4% | 39.1% |
| ▆▇█▆▄▂▄▁ | Cost of Funds (%) | 1.78% | 1.86% | 1.94% | 1.75% | 1.64% | 1.47% | 1.64% | 1.40% |
| █▅▅▅▆▁▁▁ | NPA / Assets (%) | 2.24% | 1.45% | 1.44% | 1.44% | 1.54% | 0.31% | 0.35% | 0.41% |
| █▆▅▅▅▁▁▁ | Net Charge-Off Ratio (%) | 3.25% | 2.20% | 1.95% | 1.92% | 2.06% | 0.43% | 0.46% | 0.55% |
| ▁▅▁▃▅█▅█ | Tang. Book Value ($M) | $37 | $39 | $36 | $38 | $39 | $42 | $40 | $43 |
| ▁▁▅▆▂▃█▇ | Gross Loans ($M) | $249 | $245 | $266 | $270 | $251 | $255 | $282 | $277 |
| ▆█▇▄▁▃██ | Total Deposits ($M) | $312 | $320 | $313 | $303 | $289 | $300 | $321 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 12% |
| Agricultural | 26% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |