Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.10% | +1.65 | 1.45% |
| Return on Equity (%) | ▲ | 28.52% | +14.42 | 14.10% |
| Net Interest Margin (%) | ▲ | 4.78% | +1.73 | 3.05% |
| Efficiency Ratio (%) | ▲ | 31.72% | -20.64 | 52.36% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.73 | $1 |
| Cost of Funds (%) | ▲ | 2.71% | -0.11 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $390 | +25.10 | $364 |
| Gross Loans ($M) | ▲ | $279 | +16.46 | $263 |
| Loan Growth YoY (%) | ▲ | 79.89% | +1.11 | 78.77% |
| Total Deposits ($M) | ▲ | $337 | +15.26 | $322 |
| Shareholders Equity ($M) | ▲ | $42 | +4.69 | $38 |
| Tang. Book Value ($M) | ▲ | $42 | +4.69 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +5.65 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 79.89% | +1.11 | 78.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.96% | -0.37 | 2.33% |
| Allowance / Loans (%) | — | 3.47% | 0.04% | 3.43% |
| Net Charge-Off Ratio (%) | ▲ | 2.74% | -0.49 | 3.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.99% | +0.83 | 14.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▃▃█ | Net Interest Margin (%) | 2.40% | 2.47% | 2.56% | 3.05% | 3.09% | 3.11% | 3.12% | 4.78% |
| ▁▁▁▃▄▃▃█ | Return on Assets (%) | 0.88% | 0.99% | 1.00% | 1.45% | 1.73% | 1.71% | 1.67% | 3.10% |
| █▅▆▇▆▆▆▁ | Efficiency Ratio (%) | 56.4% | 46.3% | 48.9% | 52.4% | 48.1% | 47.5% | 49.0% | 31.7% |
| ███▃▄▄▃▁ | Cost of Funds (%) | 3.06% | 3.10% | 3.09% | 2.82% | 2.88% | 2.87% | 2.84% | 2.71% |
| ▅█▂▃▆▇▄▁ | NPA / Assets (%) | 2.50% | 3.02% | 2.22% | 2.33% | 2.70% | 2.76% | 2.43% | 1.96% |
| ▅█▂▃▅▆▄▁ | Net Charge-Off Ratio (%) | 3.54% | 4.23% | 3.04% | 3.23% | 3.66% | 3.76% | 3.38% | 2.74% |
| ▂▃▁▂▅▇▆█ | Tang. Book Value ($M) | $38 | $39 | $37 | $38 | $40 | $42 | $41 | $42 |
| ▁▂▂▁▃▆▅█ | Gross Loans ($M) | $261 | $264 | $264 | $263 | $267 | $273 | $270 | $279 |
| ▁▃▂▂▁▃▅█ | Total Deposits ($M) | $318 | $323 | $321 | $322 | $317 | $324 | $330 | $337 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 16% |
| Agricultural | 30% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 15% |