Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.02 | 1.99% |
| Return on Equity (%) | ▼ | 19.06% | -1.29 | 20.35% |
| Net Interest Margin (%) | ▲ | 5.03% | +0.19 | 4.84% |
| Efficiency Ratio (%) | ▲ | 38.61% | -2.67 | 41.29% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.52 | $4 |
| Cost of Funds (%) | ▲ | 2.04% | -0.16 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $564 | +11.03 | $553 |
| Gross Loans ($M) | ▲ | $459 | +11.54 | $448 |
| Loan Growth YoY (%) | ▼ | 90.45% | -0.36 | 90.81% |
| Total Deposits ($M) | ▲ | $499 | +13.36 | $486 |
| Shareholders Equity ($M) | ▲ | $61 | +6.70 | $54 |
| Tang. Book Value ($M) | ▲ | $58 | +7.09 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +7.71 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 90.45% | -0.36 | 90.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.21% | +0.83 | 0.37% |
| Allowance / Loans (%) | — | 1.71% | 0.22% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +0.67 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▅▃▁▁▁▅ | Net Interest Margin (%) | 5.27% | 5.13% | 5.03% | 4.84% | 4.67% | 4.67% | 4.68% | 5.03% |
| ▇▆▂█▄▃▁█ | Return on Assets (%) | 1.97% | 1.92% | 1.79% | 1.99% | 1.87% | 1.81% | 1.74% | 2.01% |
| █▇█▂▄▄▅▁ | Efficiency Ratio (%) | 48.6% | 48.2% | 50.1% | 41.3% | 43.2% | 43.6% | 45.5% | 38.6% |
| ▁▄█▄▆▇▅▂ | Cost of Funds (%) | 1.93% | 2.17% | 2.53% | 2.20% | 2.31% | 2.40% | 2.27% | 2.04% |
| ▁▂▁▁▄▄▇█ | NPA / Assets (%) | 0.41% | 0.49% | 0.39% | 0.37% | 0.76% | 0.75% | 1.03% | 1.21% |
| ▁▂▁▁▅▅█▇ | Net Charge-Off Ratio (%) | 0.43% | 0.56% | 0.45% | 0.43% | 0.91% | 0.89% | 1.27% | 1.11% |
| ▁▂▁▃▄▆▇█ | Tang. Book Value ($M) | $48 | $50 | $48 | $51 | $52 | $54 | $56 | $58 |
| ▁▂▂▅▆█▆▇ | Gross Loans ($M) | $412 | $424 | $421 | $448 | $454 | $472 | $451 | $459 |
| ▁▁▁▇▇█▆█ | Total Deposits ($M) | $400 | $400 | $409 | $486 | $487 | $509 | $479 | $499 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 7% |
| Agricultural | 24% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 37% |