Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.31 | 0.59% |
| Return on Equity (%) | ▲ | 8.69% | +2.88 | 5.81% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.30 | 2.99% |
| Efficiency Ratio (%) | ▲ | 71.82% | -7.52 | 79.34% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.24 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $550 | +40.72 | $509 |
| Gross Loans ($M) | ▲ | $420 | +11.47 | $409 |
| Loan Growth YoY (%) | ▼ | 84.77% | -4.30 | 89.06% |
| Total Deposits ($M) | ▲ | $490 | +36.52 | $454 |
| Shareholders Equity ($M) | ▲ | $56 | +3.68 | $53 |
| Tang. Book Value ($M) | ▲ | $52 | +3.68 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +2.79 | $51 |
| Loan / Deposit Ratio (%) | ▼ | 84.77% | -4.30 | 89.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.01 | 0.08% |
| Allowance / Loans (%) | — | 1.09% | -0.03% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.01 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.67% | -1.32 | 11.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 2.42% | 2.50% | 2.59% | 2.99% | 3.11% | 3.18% | 3.21% | 3.29% |
| ▁▂▃▅▆▆▆█ | Return on Assets (%) | 0.28% | 0.43% | 0.44% | 0.59% | 0.68% | 0.69% | 0.73% | 0.90% |
| █▆▆▄▃▃▃▁ | Efficiency Ratio (%) | 88.7% | 83.6% | 83.8% | 79.3% | 77.3% | 77.2% | 76.2% | 71.8% |
| ███▄▆▃▄▁ | Cost of Funds (%) | 2.36% | 2.31% | 2.33% | 2.02% | 2.16% | 1.99% | 2.01% | 1.78% |
| ▁▁▁█▆▇▆▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.08% | 0.06% | 0.06% | 0.06% | 0.07% |
| ▁▁▁█▆▇▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.10% | 0.07% | 0.07% | 0.07% | 0.09% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $45 | $47 | $47 | $48 | $50 | $51 | $52 | $52 |
| ▁▃▆▅█▆██ | Gross Loans ($M) | $392 | $402 | $410 | $409 | $417 | $413 | $420 | $420 |
| ▂▁▂▁▃▁▅█ | Total Deposits ($M) | $460 | $458 | $461 | $454 | $464 | $453 | $475 | $490 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 7% |
| Agricultural | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 6% |