Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.03 | 1.33% |
| Return on Equity (%) | ▼ | 13.76% | -1.50 | 15.26% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.25 | 3.28% |
| Efficiency Ratio (%) | ▼ | 58.88% | +0.52 | 58.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.16 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $333 | +13.54 | $319 |
| Gross Loans ($M) | ▲ | $224 | +14.47 | $210 |
| Loan Growth YoY (%) | ▲ | 77.02% | +2.37 | 74.65% |
| Total Deposits ($M) | ▲ | $289 | +10.14 | $278 |
| Shareholders Equity ($M) | ▲ | $33 | +4.40 | $29 |
| Tang. Book Value ($M) | ▲ | $30 | +4.40 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +4.01 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 77.02% | +2.37 | 74.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.02 | 0.08% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.05 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.31% | +0.06 | 12.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 2.97% | 2.97% | 3.01% | 3.28% | 3.29% | 3.34% | 3.38% | 3.53% |
| ▂▂▁█▇▅▄█ | Return on Assets (%) | 0.95% | 0.96% | 0.85% | 1.33% | 1.27% | 1.14% | 1.05% | 1.36% |
| ▇▇█▁▁▂▄▁ | Efficiency Ratio (%) | 67.9% | 67.3% | 69.9% | 58.4% | 59.4% | 60.0% | 63.6% | 58.9% |
| ▆██▄▃▄▃▁ | Cost of Funds (%) | 1.90% | 2.02% | 2.03% | 1.81% | 1.77% | 1.80% | 1.78% | 1.65% |
| ▄▃▆▅▁▃██ | NPA / Assets (%) | 0.07% | 0.07% | 0.09% | 0.08% | 0.05% | 0.07% | 0.11% | 0.11% |
| ▅▄▅▄▁▃██ | Net Charge-Off Ratio (%) | 0.12% | 0.11% | 0.12% | 0.11% | 0.07% | 0.10% | 0.16% | 0.16% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $23 | $26 | $24 | $25 | $26 | $29 | $29 | $30 |
| ▁▁▁▃▅▅▆█ | Gross Loans ($M) | $205 | $205 | $207 | $210 | $215 | $216 | $218 | $224 |
| ▃▇▁▁▅▁▄█ | Total Deposits ($M) | $281 | $287 | $277 | $278 | $283 | $278 | $282 | $289 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 19% |
| Agricultural | 26% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 11% |