Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.64% | +0.23 | 2.40% |
| Return on Equity (%) | ▲ | 16.99% | +0.49 | 16.50% |
| Net Interest Margin (%) | ▲ | 5.27% | +0.35 | 4.92% |
| Efficiency Ratio (%) | ▲ | 45.43% | -2.56 | 47.99% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.68 | $4 |
| Cost of Funds (%) | ▲ | 1.57% | -0.26 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $716 | +13.14 | $703 |
| Gross Loans ($M) | ▲ | $479 | +47.37 | $432 |
| Loan Growth YoY (%) | ▲ | 77.87% | +7.33 | 70.54% |
| Total Deposits ($M) | ▲ | $596 | +2.71 | $593 |
| Shareholders Equity ($M) | ▲ | $113 | +9.52 | $104 |
| Tang. Book Value ($M) | ▲ | $113 | +9.52 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +10.28 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 77.87% | +7.33 | 70.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.02 | 0.10% |
| Allowance / Loans (%) | — | 3.08% | 0.07% | 3.01% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.85% | +0.55 | 22.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▅███ | Net Interest Margin (%) | 5.24% | 5.21% | 5.22% | 4.92% | 5.12% | 5.27% | 5.27% | 5.27% |
| █▅▃▂▃▅▁▄ | Return on Assets (%) | 3.08% | 2.71% | 2.46% | 2.40% | 2.55% | 2.66% | 2.24% | 2.64% |
| ▁▂██▇▆▇▅ | Efficiency Ratio (%) | 41.4% | 42.3% | 47.3% | 48.0% | 46.8% | 46.0% | 46.6% | 45.4% |
| ▆███▇▅▄▁ | Cost of Funds (%) | 1.76% | 1.84% | 1.86% | 1.83% | 1.79% | 1.74% | 1.68% | 1.57% |
| ▆█▃▂▂▅▁▁ | NPA / Assets (%) | 0.15% | 0.18% | 0.11% | 0.10% | 0.10% | 0.13% | 0.08% | 0.08% |
| ▄█▁▁▁▅▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.10% | 0.01% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% |
| ▁▃▁▃▆█▆█ | Tang. Book Value ($M) | $100 | $104 | $99 | $104 | $108 | $112 | $109 | $113 |
| ▁▃▁▂▄▅▇█ | Gross Loans ($M) | $423 | $442 | $427 | $432 | $444 | $457 | $466 | $479 |
| ▁▂▇█▇███ | Total Deposits ($M) | $505 | $527 | $583 | $593 | $577 | $588 | $597 | $596 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 11% |