Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.50% | -0.11 | 2.61% |
| Return on Equity (%) | ▼ | 20.06% | -2.67 | 22.73% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.10 | 4.17% |
| Efficiency Ratio (%) | ▼ | 39.89% | +0.10 | 39.79% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.16 | $3 |
| Cost of Funds (%) | ▲ | 1.65% | -0.12 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $513 | +37.17 | $475 |
| Gross Loans ($M) | ▲ | $425 | +36.42 | $389 |
| Loan Growth YoY (%) | ▲ | 96.42% | +0.52 | 95.90% |
| Total Deposits ($M) | ▲ | $433 | +35.25 | $398 |
| Shareholders Equity ($M) | ▲ | $64 | +8.39 | $56 |
| Tang. Book Value ($M) | ▲ | $64 | +8.58 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +8.77 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 96.42% | +0.52 | 95.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.15 | 0.31% |
| Allowance / Loans (%) | — | 1.69% | -0.06% | 1.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.17 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆██▇ | Net Interest Margin (%) | 3.86% | 3.90% | 4.00% | 4.17% | 4.22% | 4.36% | 4.40% | 4.28% |
| ▄▃▁▇▆█▆▅ | Return on Assets (%) | 2.43% | 2.41% | 2.23% | 2.61% | 2.57% | 2.72% | 2.59% | 2.50% |
| ▇▄█▃▄▁▆▄ | Efficiency Ratio (%) | 41.7% | 40.4% | 42.8% | 39.8% | 40.3% | 38.1% | 41.3% | 39.9% |
| ▃█▇▃▃▄▂▁ | Cost of Funds (%) | 1.78% | 2.04% | 1.95% | 1.77% | 1.79% | 1.81% | 1.72% | 1.65% |
| █▇▂▂▁▁▁▄ | NPA / Assets (%) | 0.91% | 0.73% | 0.26% | 0.31% | 0.23% | 0.14% | 0.21% | 0.46% |
| █▇▂▂▂▁▁▄ | Net Charge-Off Ratio (%) | 1.03% | 0.89% | 0.29% | 0.38% | 0.29% | 0.18% | 0.27% | 0.56% |
| ▁▂▁▃▄▆▇█ | Tang. Book Value ($M) | $52 | $54 | $53 | $56 | $58 | $60 | $62 | $64 |
| ▁▁▃▃▂▃▅█ | Gross Loans ($M) | $375 | $379 | $389 | $389 | $386 | $394 | $401 | $425 |
| ▂▁▂▁▂▅▆█ | Total Deposits ($M) | $405 | $400 | $406 | $398 | $406 | $416 | $423 | $433 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |