Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.14 | 1.01% |
| Return on Equity (%) | ▲ | 8.07% | +0.41 | 7.66% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.27 | 4.14% |
| Efficiency Ratio (%) | ▼ | 59.88% | +0.83 | 59.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.43% | -0.20 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $190 | -3.42 | $194 |
| Gross Loans ($M) | ▲ | $129 | +8.53 | $120 |
| Loan Growth YoY (%) | ▲ | 83.18% | +8.03 | 75.15% |
| Total Deposits ($M) | ▼ | $152 | -5.56 | $158 |
| Shareholders Equity ($M) | ▲ | $28 | +1.58 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +1.58 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +1.05 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 83.18% | +8.03 | 75.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.10 | 0.32% |
| Allowance / Loans (%) | — | 1.50% | 0.31% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.18 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 3.57% | 3.66% | 3.75% | 4.14% | 4.25% | 4.30% | 4.34% | 4.41% |
| ▆▆▆▁█▅▇▅ | Return on Assets (%) | 1.20% | 1.20% | 1.21% | 1.01% | 1.30% | 1.18% | 1.24% | 1.16% |
| █▇▆▃▁▃▃▅ | Efficiency Ratio (%) | 62.8% | 61.4% | 61.3% | 59.1% | 56.9% | 58.4% | 58.8% | 59.9% |
| █▆▅▃▄▃▂▁ | Cost of Funds (%) | 2.06% | 1.90% | 1.77% | 1.63% | 1.68% | 1.63% | 1.57% | 1.43% |
| ▅▆▅▅▁█▃▃ | NPA / Assets (%) | 0.29% | 0.34% | 0.30% | 0.32% | 0.15% | 0.43% | 0.25% | 0.23% |
| ▆▇▅▆▁█▃▂ | Net Charge-Off Ratio (%) | 0.53% | 0.60% | 0.50% | 0.52% | 0.23% | 0.67% | 0.39% | 0.34% |
| ▁▆▂▄▆█▆█ | Tang. Book Value ($M) | $25 | $28 | $26 | $27 | $28 | $29 | $28 | $28 |
| ▁▃▆▅▇███ | Gross Loans ($M) | $108 | $114 | $121 | $120 | $126 | $127 | $128 | $129 |
| █▆▆▇▂▁▄▃ | Total Deposits ($M) | $161 | $156 | $158 | $158 | $151 | $148 | $154 | $152 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 29% |
| Agricultural | 22% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 91% |
| Brokered / Other | 4% |