Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.00 | 1.52% |
| Return on Equity (%) | ▼ | 16.47% | -1.79 | 18.26% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.09 | 3.59% |
| Efficiency Ratio (%) | ▲ | 48.96% | -0.63 | 49.59% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.21 | $2 |
| Cost of Funds (%) | ▲ | 1.49% | -0.19 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $507 | +22.89 | $484 |
| Gross Loans ($M) | ▲ | $262 | +19.94 | $242 |
| Loan Growth YoY (%) | ▲ | 57.11% | +2.36 | 54.75% |
| Total Deposits ($M) | ▲ | $451 | +17.06 | $434 |
| Shareholders Equity ($M) | ▲ | $47 | +6.10 | $41 |
| Tang. Book Value ($M) | ▲ | $47 | +6.10 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +6.10 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 57.11% | +2.36 | 54.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.03 | 0.16% |
| Allowance / Loans (%) | — | 1.57% | -0.15% | 1.72% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.12 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.64% | +0.16 | 17.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▇▁▄▇▇█ | Net Interest Margin (%) | 3.64% | 3.68% | 3.66% | 3.59% | 3.63% | 3.66% | 3.66% | 3.68% |
| ▁▄▄███▆█ | Return on Assets (%) | 1.43% | 1.48% | 1.47% | 1.52% | 1.51% | 1.51% | 1.50% | 1.52% |
| █▇█▂▃▃▄▁ | Efficiency Ratio (%) | 53.3% | 52.4% | 52.8% | 49.6% | 50.4% | 50.1% | 51.0% | 49.0% |
| ██▅▅▅▆▂▁ | Cost of Funds (%) | 1.80% | 1.83% | 1.70% | 1.68% | 1.70% | 1.74% | 1.57% | 1.49% |
| ▁▃▂▃█▅▂▃ | NPA / Assets (%) | 0.05% | 0.13% | 0.12% | 0.16% | 0.36% | 0.23% | 0.12% | 0.13% |
| ▁▂▂▃█▃▂▂ | Net Charge-Off Ratio (%) | 0.09% | 0.22% | 0.22% | 0.32% | 0.71% | 0.30% | 0.19% | 0.20% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $36 | $39 | $39 | $41 | $43 | $45 | $47 | $47 |
| ▁▅▃▁▃▄█▇ | Gross Loans ($M) | $243 | $256 | $249 | $242 | $248 | $252 | $265 | $262 |
| ▁▁▅▆▇▇██ | Total Deposits ($M) | $386 | $388 | $426 | $434 | $441 | $436 | $450 | $451 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 14% |
| Agricultural | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |