Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.13 | 1.02% |
| Return on Equity (%) | ▲ | 11.90% | +0.84 | 11.06% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.07 | 3.96% |
| Efficiency Ratio (%) | ▼ | 68.64% | +0.61 | 68.03% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.91% | -0.35 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $509 | +59.59 | $450 |
| Gross Loans ($M) | ▲ | $387 | +42.49 | $344 |
| Loan Growth YoY (%) | ▲ | 89.52% | +1.73 | 87.79% |
| Total Deposits ($M) | ▲ | $428 | +40.12 | $388 |
| Shareholders Equity ($M) | ▲ | $50 | +8.29 | $42 |
| Tang. Book Value ($M) | ▲ | $48 | +8.29 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +9.47 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 89.52% | +1.73 | 87.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.66% | -0.20 | 0.85% |
| Allowance / Loans (%) | — | 1.01% | -0.17% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.18 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▅▇███ | Net Interest Margin (%) | 3.78% | 3.87% | 3.92% | 3.96% | 4.02% | 4.05% | 4.06% | 4.03% |
| ▁▁▁▃▅▇█▆ | Return on Assets (%) | 0.97% | 0.94% | 0.93% | 1.02% | 1.11% | 1.18% | 1.26% | 1.15% |
| ▇▆▆█▃▂▁█ | Efficiency Ratio (%) | 67.4% | 66.9% | 66.7% | 68.0% | 65.2% | 64.2% | 63.2% | 68.6% |
| ██▆▄▃▃▂▁ | Cost of Funds (%) | 2.58% | 2.62% | 2.44% | 2.26% | 2.13% | 2.16% | 2.03% | 1.91% |
| █▇▆▃▂▁▁▂ | NPA / Assets (%) | 1.73% | 1.55% | 1.34% | 0.85% | 0.68% | 0.61% | 0.48% | 0.66% |
| ▄▁▁█▇▆▅▇ | Net Charge-Off Ratio (%) | 0.56% | 0.22% | 0.20% | 1.04% | 0.93% | 0.83% | 0.64% | 0.86% |
| ▁▂▁▂▂▄▅█ | Tang. Book Value ($M) | $38 | $40 | $39 | $40 | $40 | $42 | $44 | $48 |
| ▁▂▂▂▁▂▄█ | Gross Loans ($M) | $340 | $343 | $347 | $344 | $334 | $347 | $357 | $387 |
| ▂▁▂▂▄▄▅█ | Total Deposits ($M) | $383 | $376 | $383 | $388 | $396 | $398 | $405 | $428 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 8% |
| Agricultural | 27% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 18% |