Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.28 | 1.09% |
| Return on Equity (%) | ▲ | 14.00% | +1.89 | 12.11% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.36 | 3.31% |
| Efficiency Ratio (%) | ▲ | 59.84% | -5.24 | 65.07% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.16 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $273 | +13.10 | $260 |
| Gross Loans ($M) | ▲ | $207 | +17.22 | $190 |
| Loan Growth YoY (%) | ▲ | 88.37% | +5.05 | 83.33% |
| Total Deposits ($M) | ▲ | $232 | +6.66 | $225 |
| Shareholders Equity ($M) | ▲ | $27 | +3.02 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +3.16 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.62 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 88.37% | +5.05 | 83.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.05 | 0.28% |
| Allowance / Loans (%) | — | 1.03% | -0.11% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.08 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.81% | 2.91% | 3.00% | 3.31% | 3.43% | 3.45% | 3.50% | 3.67% |
| ▁▂▃▄▆▇▇█ | Return on Assets (%) | 0.84% | 0.95% | 1.01% | 1.09% | 1.24% | 1.27% | 1.26% | 1.37% |
| █▆▅▆▃▂▃▁ | Efficiency Ratio (%) | 67.3% | 65.2% | 64.2% | 65.1% | 61.8% | 60.8% | 61.9% | 59.8% |
| █▇▆▄▆▆▆▁ | Cost of Funds (%) | 2.15% | 2.11% | 2.06% | 1.98% | 2.04% | 2.05% | 2.06% | 1.83% |
| █▅▂▂▁▁▁▁ | NPA / Assets (%) | 0.70% | 0.48% | 0.26% | 0.28% | 0.17% | 0.19% | 0.23% | 0.23% |
| █▅▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.99% | 0.67% | 0.35% | 0.38% | 0.24% | 0.25% | 0.29% | 0.30% |
| ▁▃▂▃▅█▇█ | Tang. Book Value ($M) | $20 | $22 | $21 | $22 | $23 | $24 | $24 | $25 |
| ▁▁▃▄▄▅▇█ | Gross Loans ($M) | $179 | $180 | $186 | $190 | $191 | $195 | $201 | $207 |
| ▁▁▃▆█▇▅█ | Total Deposits ($M) | $207 | $206 | $216 | $225 | $229 | $227 | $222 | $232 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 10% |
| Agricultural | 21% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 7% |