Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.66% | -0.15 | 1.82% |
| Return on Equity (%) | ▼ | 15.54% | -2.34 | 17.88% |
| Net Interest Margin (%) | ▼ | 5.54% | -0.28 | 5.83% |
| Efficiency Ratio (%) | ▼ | 59.93% | +1.48 | 58.45% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.03 | $5 |
| Cost of Funds (%) | ▼ | 0.56% | +0.01 | 0.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $960 | +62.80 | $898 |
| Gross Loans ($M) | ▲ | $627 | +24.39 | $603 |
| Loan Growth YoY (%) | ▼ | 73.05% | -1.64 | 74.68% |
| Total Deposits ($M) | ▲ | $849 | +51.28 | $798 |
| Shareholders Equity ($M) | ▲ | $104 | +11.92 | $92 |
| Tang. Book Value ($M) | ▲ | $103 | +12.08 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +11.56 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 73.05% | -1.64 | 74.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.51 | 0.27% |
| Allowance / Loans (%) | — | 1.08% | -0.04% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.20% | +0.79 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆█▄▆▅▅▁ | Net Interest Margin (%) | 5.96% | 6.02% | 6.26% | 5.83% | 6.00% | 5.98% | 5.96% | 5.54% |
| ▃▄█▄▅▄▄▁ | Return on Assets (%) | 1.79% | 1.81% | 2.01% | 1.82% | 1.86% | 1.79% | 1.83% | 1.66% |
| ▄▅▁▅▅█▆█ | Efficiency Ratio (%) | 57.7% | 58.4% | 56.0% | 58.4% | 58.5% | 59.9% | 58.7% | 59.9% |
| ▁█▄▅▇█▇▆ | Cost of Funds (%) | 0.43% | 0.62% | 0.50% | 0.54% | 0.57% | 0.62% | 0.59% | 0.56% |
| ▂▂▁▁▁▁▂█ | NPA / Assets (%) | 0.33% | 0.34% | 0.24% | 0.27% | 0.25% | 0.30% | 0.33% | 0.78% |
| ▂▂▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.49% | 0.50% | 0.36% | 0.41% | 0.35% | 0.44% | 0.51% | 1.20% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $82 | $86 | $87 | $91 | $95 | $99 | $101 | $103 |
| ▁▁▃▅█▇██ | Gross Loans ($M) | $570 | $564 | $587 | $603 | $625 | $618 | $619 | $627 |
| ▁▁▃▅▃▅██ | Total Deposits ($M) | $754 | $742 | $772 | $798 | $777 | $803 | $850 | $849 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 12% |
| Agricultural | 32% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 1% |