Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.06% | +0.27 | 1.79% |
| Return on Equity (%) | ▲ | 18.38% | +0.42 | 17.96% |
| Net Interest Margin (%) | ▲ | 4.76% | +0.14 | 4.62% |
| Efficiency Ratio (%) | ▲ | 43.21% | -5.74 | 48.95% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.44 | $2 |
| Cost of Funds (%) | ▲ | 1.00% | -0.17 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $337 | +25.90 | $311 |
| Gross Loans ($M) | ▲ | $211 | +9.28 | $202 |
| Loan Growth YoY (%) | ▼ | 70.61% | -1.76 | 72.37% |
| Total Deposits ($M) | ▲ | $296 | +19.56 | $276 |
| Shareholders Equity ($M) | ▲ | $38 | +6.17 | $32 |
| Tang. Book Value ($M) | ▲ | $38 | +6.43 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +6.42 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 70.61% | -1.76 | 72.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.49 | 0.79% |
| Allowance / Loans (%) | — | 1.17% | 0.11% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.74 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 3.99% | 4.04% | 4.13% | 4.62% | 4.71% | 4.76% | 4.73% | 4.76% |
| ▁▁▁▅▄▄▄█ | Return on Assets (%) | 1.48% | 1.42% | 1.40% | 1.79% | 1.66% | 1.73% | 1.67% | 2.06% |
| ▇▇█▅▆▅▇▁ | Efficiency Ratio (%) | 52.2% | 52.8% | 54.4% | 48.9% | 50.9% | 49.3% | 52.0% | 43.2% |
| ▇█▅▄▃▃▁▁ | Cost of Funds (%) | 1.34% | 1.43% | 1.24% | 1.17% | 1.14% | 1.13% | 1.02% | 1.00% |
| ▁▄▁█▇▃▁▃ | NPA / Assets (%) | 0.15% | 0.44% | 0.12% | 0.79% | 0.70% | 0.32% | 0.14% | 0.30% |
| ▁▅▁█▇▃▁▃ | Net Charge-Off Ratio (%) | 0.24% | 0.77% | 0.20% | 1.22% | 1.04% | 0.53% | 0.24% | 0.48% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $27 | $29 | $30 | $32 | $33 | $35 | $37 | $38 |
| ▃▁▃▆█▄▅█ | Gross Loans ($M) | $190 | $178 | $188 | $202 | $212 | $191 | $196 | $211 |
| ▁▁▃▁▂▃██ | Total Deposits ($M) | $277 | $278 | $283 | $276 | $281 | $283 | $296 | $296 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 14% |
| Agricultural | 35% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |