Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.09 | 1.87% |
| Return on Equity (%) | ▲ | 21.38% | +0.77 | 20.61% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.21 | 4.48% |
| Efficiency Ratio (%) | ▲ | 56.57% | -3.10 | 59.68% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.71 | $3 |
| Cost of Funds (%) | ▲ | 1.73% | -0.19 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $727 | +68.70 | $659 |
| Gross Loans ($M) | ▲ | $616 | +80.63 | $535 |
| Loan Growth YoY (%) | ▲ | 101.81% | +5.46 | 96.35% |
| Total Deposits ($M) | ▲ | $599 | +48.93 | $550 |
| Shareholders Equity ($M) | ▲ | $67 | +6.49 | $60 |
| Tang. Book Value ($M) | ▲ | $65 | +6.48 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +6.18 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 101.81% | +5.46 | 96.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.86 | 1.32% |
| Allowance / Loans (%) | — | 0.99% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -1.08 | 1.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇███ | Net Interest Margin (%) | 4.25% | 4.31% | 4.34% | 4.48% | 4.59% | 4.68% | 4.68% | 4.70% |
| ▁▁▂▆██▇▇ | Return on Assets (%) | 1.45% | 1.50% | 1.57% | 1.87% | 1.97% | 2.04% | 1.90% | 1.97% |
| ██▆▄▂▁▂▁ | Efficiency Ratio (%) | 64.6% | 64.5% | 62.6% | 59.7% | 58.1% | 57.4% | 57.7% | 56.6% |
| ▅█▇▆▆▆▂▁ | Cost of Funds (%) | 1.90% | 2.03% | 1.96% | 1.92% | 1.94% | 1.95% | 1.80% | 1.73% |
| ▁▁▄█▄▄▃▃ | NPA / Assets (%) | 0.04% | 0.02% | 0.65% | 1.32% | 0.59% | 0.53% | 0.49% | 0.46% |
| ▁▁▄█▄▄▃▃ | Net Charge-Off Ratio (%) | 0.04% | 0.02% | 0.79% | 1.62% | 0.70% | 0.64% | 0.60% | 0.54% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $55 | $57 | $57 | $59 | $60 | $62 | $64 | $65 |
| ▁▁▂▂▃▄▆█ | Gross Loans ($M) | $509 | $512 | $535 | $535 | $544 | $558 | $585 | $616 |
| ▁▁▃▄▃▄██ | Total Deposits ($M) | $513 | $521 | $541 | $550 | $546 | $548 | $601 | $599 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 19% |
| Agricultural | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |