Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.02 | 0.68% |
| Return on Equity (%) | ▼ | 7.03% | -0.60 | 7.63% |
| Net Interest Margin (%) | ▲ | 2.84% | +0.25 | 2.60% |
| Efficiency Ratio (%) | ▼ | 74.43% | +0.25 | 74.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.98% | -0.10 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $724 | +3.63 | $720 |
| Gross Loans ($M) | ▼ | $475 | -23.65 | $499 |
| Loan Growth YoY (%) | ▼ | 79.40% | -4.58 | 83.98% |
| Total Deposits ($M) | ▲ | $593 | +3.79 | $589 |
| Shareholders Equity ($M) | ▲ | $67 | +3.50 | $64 |
| Tang. Book Value ($M) | ▲ | $59 | +3.50 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +4.31 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 79.40% | -4.58 | 83.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.23 | 0.00% |
| Allowance / Loans (%) | — | 0.88% | 0.11% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.35 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.17% | +0.49 | 13.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▄▁▁▃▄█ | Net Interest Margin (%) | 2.77% | 2.74% | 2.71% | 2.60% | 2.62% | 2.66% | 2.71% | 2.84% |
| █▆▂▂▃▄▅▁ | Return on Assets (%) | 0.80% | 0.75% | 0.69% | 0.68% | 0.70% | 0.71% | 0.74% | 0.66% |
| ▁▄██▇▇▆█ | Efficiency Ratio (%) | 70.5% | 72.2% | 74.4% | 74.2% | 73.9% | 73.8% | 73.4% | 74.4% |
| ▇██▄▇▆▅▁ | Cost of Funds (%) | 2.14% | 2.19% | 2.19% | 2.08% | 2.16% | 2.11% | 2.09% | 1.98% |
| ▁▁▁▁▁▁█▇ | NPA / Assets (%) | 0.03% | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.28% | 0.23% |
| ▁▁▁▁▁▁█▇ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.01% | 0.00% | 0.00% | 0.00% | 0.41% | 0.35% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $52 | $55 | $53 | $55 | $56 | $59 | $60 | $59 |
| ▁▄▅█▅▂▄▁ | Gross Loans ($M) | $474 | $483 | $487 | $499 | $488 | $479 | $485 | $475 |
| ▂▂▁▇█▆▆▇ | Total Deposits ($M) | $565 | $566 | $556 | $589 | $599 | $584 | $588 | $593 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 16% |