Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.06 | 0.98% |
| Return on Equity (%) | ▲ | 12.00% | +0.23 | 11.77% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.07 | 3.46% |
| Efficiency Ratio (%) | ▲ | 58.67% | -2.98 | 61.65% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.75% | -0.08 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $432 | +34.78 | $397 |
| Gross Loans ($M) | ▲ | $274 | +7.03 | $267 |
| Loan Growth YoY (%) | ▼ | 71.52% | -4.80 | 76.31% |
| Total Deposits ($M) | ▲ | $380 | +33.68 | $346 |
| Shareholders Equity ($M) | ▲ | $38 | +4.91 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +4.93 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +5.03 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 71.52% | -4.80 | 76.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.56 | 0.75% |
| Allowance / Loans (%) | — | 0.96% | -0.20% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.80 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇████ | Net Interest Margin (%) | 3.08% | 3.15% | 3.24% | 3.46% | 3.52% | 3.55% | 3.58% | 3.53% |
| ▁▂▃▆▄▅▆█ | Return on Assets (%) | 0.82% | 0.85% | 0.89% | 0.98% | 0.93% | 0.95% | 0.96% | 1.04% |
| █▇▆▄▃▂▁▁ | Efficiency Ratio (%) | 64.7% | 63.6% | 62.5% | 61.6% | 60.2% | 59.7% | 58.7% | 58.7% |
| ▇█▆▂▄▄▁▁ | Cost of Funds (%) | 2.04% | 2.10% | 1.98% | 1.83% | 1.90% | 1.91% | 1.78% | 1.75% |
| ▄▄▅█▄▁▁▁ | NPA / Assets (%) | 0.43% | 0.45% | 0.51% | 0.75% | 0.42% | 0.21% | 0.18% | 0.19% |
| ▄▄▅█▄▁▁▁ | Net Charge-Off Ratio (%) | 0.65% | 0.67% | 0.72% | 1.09% | 0.61% | 0.31% | 0.28% | 0.29% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $30 | $32 | $31 | $33 | $33 | $35 | $36 | $38 |
| ▁▁▆▄▄▅█▇ | Gross Loans ($M) | $258 | $259 | $271 | $267 | $267 | $269 | $277 | $274 |
| ▁▁▁▃▂▂██ | Total Deposits ($M) | $339 | $333 | $334 | $346 | $344 | $341 | $383 | $380 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 14% |
| Agricultural | 12% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 20% |