Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.01 | 2.02% |
| Return on Equity (%) | ▼ | 21.75% | -1.85 | 23.60% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.28 | 4.37% |
| Efficiency Ratio (%) | ▼ | 57.25% | +3.75 | 53.49% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.10 | $4 |
| Cost of Funds (%) | ▲ | 1.46% | -0.25 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $667 | -5.15 | $672 |
| Gross Loans ($M) | ▲ | $515 | +11.48 | $503 |
| Loan Growth YoY (%) | ▲ | 84.84% | +3.01 | 81.83% |
| Total Deposits ($M) | ▼ | $599 | -8.06 | $607 |
| Shareholders Equity ($M) | ▲ | $62 | +4.13 | $58 |
| Tang. Book Value ($M) | ▲ | $62 | +4.13 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +3.94 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 84.84% | +3.01 | 81.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.09 | 0.00% |
| Allowance / Loans (%) | — | 1.24% | -0.02% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 4.20% | 4.21% | 4.28% | 4.37% | 4.48% | 4.53% | 4.59% | 4.65% |
| ▁▂▃▄▇██▄ | Return on Assets (%) | 1.80% | 1.89% | 1.96% | 2.02% | 2.16% | 2.21% | 2.27% | 2.02% |
| ▄▃▃▃▁▁▁█ | Efficiency Ratio (%) | 54.4% | 53.2% | 53.3% | 53.5% | 52.5% | 51.8% | 51.8% | 57.2% |
| ██▇▄▂▂▁▁ | Cost of Funds (%) | 1.95% | 1.90% | 1.85% | 1.70% | 1.57% | 1.54% | 1.49% | 1.46% |
| ▃▃▁▁▁▂█▄ | NPA / Assets (%) | 0.07% | 0.06% | 0.00% | 0.00% | 0.02% | 0.03% | 0.21% | 0.09% |
| ▃▁▁▁▁▂█▄ | Net Charge-Off Ratio (%) | 0.08% | 0.01% | 0.01% | 0.00% | 0.02% | 0.05% | 0.27% | 0.11% |
| ▁▄▂▄▅█▇█ | Tang. Book Value ($M) | $55 | $58 | $56 | $58 | $59 | $63 | $62 | $62 |
| ▂▂▁▄▂▃▄█ | Gross Loans ($M) | $498 | $497 | $494 | $503 | $499 | $500 | $504 | $515 |
| ▁█▁▄▂▃▁▂ | Total Deposits ($M) | $594 | $625 | $597 | $607 | $599 | $605 | $596 | $599 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 9% |