Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +1.01 | 0.45% |
| Return on Equity (%) | ▲ | 14.60% | +9.78 | 4.82% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.25 | 3.94% |
| Efficiency Ratio (%) | ▲ | 42.61% | -10.56 | 53.17% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.91 | $2 |
| Cost of Funds (%) | ▲ | 2.64% | -0.07 | 2.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $406 | +55.86 | $350 |
| Gross Loans ($M) | ▲ | $337 | +52.98 | $284 |
| Loan Growth YoY (%) | ▲ | 97.41% | +3.73 | 93.69% |
| Total Deposits ($M) | ▲ | $341 | +42.56 | $299 |
| Shareholders Equity ($M) | ▲ | $41 | +7.72 | $33 |
| Tang. Book Value ($M) | ▲ | $41 | +7.72 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 97.41% | +3.73 | 93.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.80% | -1.16 | 1.96% |
| Allowance / Loans (%) | — | 1.46% | -0.14% | 1.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.96% | -1.45 | 2.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.54% | +0.63 | 10.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▄▅▄ | Net Interest Margin (%) | 4.39% | 4.45% | 4.38% | 3.94% | 4.06% | 4.19% | 4.24% | 4.19% |
| ▆▆▆▁▁▁▃█ | Return on Assets (%) | 1.08% | 1.10% | 1.09% | 0.45% | 0.42% | 0.51% | 0.73% | 1.46% |
| ██▇▆▄▃▂▁ | Efficiency Ratio (%) | 57.8% | 57.3% | 54.5% | 53.2% | 48.5% | 46.5% | 45.0% | 42.6% |
| ▁█▆▃▄▆█▁ | Cost of Funds (%) | 2.64% | 2.87% | 2.80% | 2.71% | 2.74% | 2.80% | 2.86% | 2.64% |
| ▁▁▁█▂▁▃▄ | NPA / Assets (%) | 0.21% | 0.25% | 0.08% | 1.96% | 0.44% | 0.04% | 0.65% | 0.80% |
| ▁▁▁█▂▁▃▄ | Net Charge-Off Ratio (%) | 0.25% | 0.29% | 0.10% | 2.41% | 0.53% | 0.05% | 0.76% | 0.96% |
| ▁▂▂▄▇▇██ | Tang. Book Value ($M) | $26 | $29 | $30 | $33 | $37 | $38 | $39 | $41 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $232 | $251 | $270 | $284 | $307 | $319 | $337 | $337 |
| ▁▂▄▅▆▇██ | Total Deposits ($M) | $228 | $245 | $271 | $299 | $311 | $318 | $333 | $341 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Agricultural | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 32% |