Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.22 | 1.56% |
| Return on Equity (%) | ▲ | 16.46% | +1.24 | 15.22% |
| Net Interest Margin (%) | ▼ | 4.41% | -0.16 | 4.57% |
| Efficiency Ratio (%) | ▼ | 55.34% | +3.37 | 51.97% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.15 | $3 |
| Cost of Funds (%) | ▲ | 1.71% | -0.22 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $644 | +50.12 | $594 |
| Gross Loans ($M) | ▲ | $468 | +29.38 | $439 |
| Loan Growth YoY (%) | ▲ | 85.26% | +1.83 | 83.43% |
| Total Deposits ($M) | ▲ | $542 | +22.38 | $519 |
| Shareholders Equity ($M) | ▲ | $70 | +9.31 | $60 |
| Tang. Book Value ($M) | ▲ | $68 | +9.31 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +9.48 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 85.26% | +1.83 | 83.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.98% | +2.79 | 0.19% |
| Allowance / Loans (%) | — | 1.34% | 0.09% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 4.09% | +3.85 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▅▇▄ | Net Interest Margin (%) | 4.28% | 4.25% | 4.28% | 4.57% | 4.48% | 4.45% | 4.49% | 4.41% |
| ███▃▁▄▅▆ | Return on Assets (%) | 1.98% | 1.95% | 1.92% | 1.56% | 1.39% | 1.62% | 1.71% | 1.78% |
| ▅▄▃▁▃▂▃█ | Efficiency Ratio (%) | 53.8% | 53.6% | 53.0% | 52.0% | 53.2% | 52.8% | 53.2% | 55.3% |
| ▅█▇▃▄▅▃▁ | Cost of Funds (%) | 2.07% | 2.31% | 2.20% | 1.93% | 1.99% | 2.04% | 1.87% | 1.71% |
| ▃▄▃▁▃▄▇█ | NPA / Assets (%) | 1.02% | 1.47% | 1.01% | 0.19% | 1.13% | 1.34% | 2.52% | 2.98% |
| ▃▄▃▁▃▄▇█ | Net Charge-Off Ratio (%) | 1.38% | 2.01% | 1.37% | 0.24% | 1.52% | 1.84% | 3.50% | 4.09% |
| ▁▅▃▁▁▅██ | Tang. Book Value ($M) | $59 | $64 | $62 | $59 | $60 | $64 | $68 | $68 |
| ▁▄▃▂▃▆▇█ | Gross Loans ($M) | $432 | $449 | $443 | $439 | $444 | $456 | $462 | $468 |
| ▁▁▃▃▄▇█▆ | Total Deposits ($M) | $505 | $509 | $524 | $519 | $527 | $547 | $556 | $542 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 18% |
| Agricultural | 15% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 18% |