Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.18% | -0.08 | 2.26% |
| Return on Equity (%) | ▼ | 11.87% | -1.02 | 12.89% |
| Net Interest Margin (%) | ▼ | 4.98% | -0.13 | 5.11% |
| Efficiency Ratio (%) | ▼ | 42.82% | +1.73 | 41.09% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.15 | $4 |
| Cost of Funds (%) | ▼ | 1.02% | +0.01 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $621 | +55.19 | $566 |
| Gross Loans ($M) | ▲ | $440 | +28.64 | $411 |
| Loan Growth YoY (%) | ▼ | 86.44% | -2.11 | 88.55% |
| Total Deposits ($M) | ▲ | $503 | +43.68 | $459 |
| Shareholders Equity ($M) | ▲ | $113 | +13.46 | $99 |
| Tang. Book Value ($M) | ▲ | $113 | +13.46 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +14.95 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 86.44% | -2.11 | 88.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.23 | 0.40% |
| Allowance / Loans (%) | — | 1.19% | 0.06% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.26 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▇███▅ | Net Interest Margin (%) | 4.76% | 4.89% | 4.98% | 5.11% | 5.17% | 5.19% | 5.19% | 4.98% |
| ▁▃▅▅▇██▃ | Return on Assets (%) | 2.11% | 2.19% | 2.26% | 2.26% | 2.34% | 2.38% | 2.40% | 2.18% |
| █▇▅▄▂▁▁▇ | Efficiency Ratio (%) | 43.6% | 42.6% | 41.7% | 41.1% | 39.6% | 39.1% | 38.7% | 42.8% |
| ▂▆▂▁▁█▆▂ | Cost of Funds (%) | 1.02% | 1.05% | 1.02% | 1.00% | 1.01% | 1.08% | 1.06% | 1.02% |
| ▇▄██▃▄▁▁ | NPA / Assets (%) | 0.37% | 0.28% | 0.41% | 0.40% | 0.23% | 0.27% | 0.18% | 0.16% |
| █▅▇█▂▃▁▁ | Net Charge-Off Ratio (%) | 0.52% | 0.38% | 0.48% | 0.49% | 0.27% | 0.32% | 0.24% | 0.23% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $89 | $94 | $96 | $99 | $103 | $107 | $111 | $113 |
| ▁▁▃▄▄▆▇█ | Gross Loans ($M) | $391 | $391 | $405 | $411 | $411 | $424 | $433 | $440 |
| ▂▁▁▃▆▆▆█ | Total Deposits ($M) | $444 | $435 | $443 | $459 | $485 | $482 | $479 | $503 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 7% |
| Agricultural | 4% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 9% |