Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.78% | -0.38 | 2.16% |
| Return on Equity (%) | ▼ | 21.99% | -8.00 | 29.99% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.10 | 4.38% |
| Efficiency Ratio (%) | ▼ | 49.15% | +0.09 | 49.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.10 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.21 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $404 | +18.51 | $386 |
| Gross Loans ($M) | ▲ | $291 | +27.97 | $263 |
| Loan Growth YoY (%) | ▲ | 77.69% | +2.08 | 75.62% |
| Total Deposits ($M) | ▲ | $369 | +26.15 | $343 |
| Shareholders Equity ($M) | ▲ | $33 | +3.77 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +3.77 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.06 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 77.69% | +2.08 | 75.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.52% | +1.22 | 0.30% |
| Allowance / Loans (%) | — | 1.60% | 0.03% | 1.57% |
| Net Charge-Off Ratio (%) | ▼ | 2.11% | +1.68 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇█▅ | Net Interest Margin (%) | 4.22% | 4.20% | 4.25% | 4.38% | 4.51% | 4.59% | 4.68% | 4.48% |
| ▁▂▂█▂▄▃▂ | Return on Assets (%) | 1.71% | 1.79% | 1.79% | 2.16% | 1.82% | 1.89% | 1.84% | 1.78% |
| █▇▇▁▂▁▁▁ | Efficiency Ratio (%) | 55.8% | 54.8% | 54.1% | 49.1% | 49.9% | 49.2% | 48.8% | 49.1% |
| ▃█▆▆▆▅▃▁ | Cost of Funds (%) | 1.34% | 1.58% | 1.49% | 1.47% | 1.49% | 1.46% | 1.34% | 1.26% |
| ▁▂▁▁█▆▆█ | NPA / Assets (%) | 0.26% | 0.38% | 0.13% | 0.30% | 1.60% | 1.06% | 1.19% | 1.52% |
| ▁▂▁▁█▆▆█ | Net Charge-Off Ratio (%) | 0.38% | 0.56% | 0.19% | 0.44% | 2.19% | 1.45% | 1.59% | 2.11% |
| ▂▇▁▄▇▇▇█ | Tang. Book Value ($M) | $26 | $31 | $25 | $28 | $30 | $31 | $30 | $32 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $247 | $249 | $253 | $263 | $269 | $276 | $283 | $291 |
| ▁▅▃▅▄▅▅█ | Total Deposits ($M) | $304 | $337 | $326 | $343 | $331 | $340 | $340 | $369 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 11% |
| Agricultural | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |