Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.93% | +0.08 | 1.85% |
| Return on Equity (%) | ▼ | 20.95% | -2.21 | 23.16% |
| Net Interest Margin (%) | ▼ | 4.04% | -0.18 | 4.22% |
| Efficiency Ratio (%) | ▲ | 53.55% | -3.48 | 57.03% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.33 | $2 |
| Cost of Funds (%) | ▲ | 1.34% | -0.17 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $574 | +56.41 | $517 |
| Gross Loans ($M) | ▲ | $343 | +1.38 | $342 |
| Loan Growth YoY (%) | ▼ | 65.19% | -6.44 | 71.62% |
| Total Deposits ($M) | ▲ | $517 | +47.97 | $469 |
| Shareholders Equity ($M) | ▲ | $52 | +9.37 | $42 |
| Tang. Book Value ($M) | ▲ | $52 | +9.37 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +9.91 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 65.19% | -6.44 | 71.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.24 | 0.02% |
| Allowance / Loans (%) | — | 1.82% | 0.08% | 1.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.41 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.25% | +1.89 | 16.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▆▅▆██▁ | Net Interest Margin (%) | 4.24% | 4.25% | 4.26% | 4.22% | 4.28% | 4.36% | 4.35% | 4.04% |
| ▁▁▂▅▆██▇ | Return on Assets (%) | 1.59% | 1.63% | 1.68% | 1.85% | 1.90% | 2.04% | 2.01% | 1.93% |
| ██▆▃▂▁▁▁ | Efficiency Ratio (%) | 63.4% | 62.4% | 60.9% | 57.0% | 55.5% | 53.8% | 53.6% | 53.6% |
| ▄██▆▆▄▃▁ | Cost of Funds (%) | 1.44% | 1.57% | 1.55% | 1.51% | 1.50% | 1.44% | 1.41% | 1.34% |
| ▁▂▁▁▅▆██ | NPA / Assets (%) | 0.02% | 0.07% | 0.02% | 0.02% | 0.16% | 0.19% | 0.27% | 0.26% |
| ▁▂▁▁▅▆██ | Net Charge-Off Ratio (%) | 0.02% | 0.10% | 0.03% | 0.03% | 0.25% | 0.29% | 0.44% | 0.44% |
| █▃▁▂▄▇▇█ | Tang. Book Value ($M) | $53 | $43 | $39 | $42 | $45 | $50 | $51 | $52 |
| ▇▆▄▅█▁▃▅ | Gross Loans ($M) | $348 | $344 | $340 | $342 | $350 | $332 | $338 | $343 |
| ▁▁▃▄▅▄▅█ | Total Deposits ($M) | $437 | $442 | $459 | $469 | $487 | $468 | $485 | $517 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |