Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.32 | 1.12% |
| Return on Equity (%) | ▲ | 12.46% | +1.87 | 10.59% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.51 | 3.13% |
| Efficiency Ratio (%) | ▲ | 55.17% | -1.40 | 56.57% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.66 | $3 |
| Cost of Funds (%) | ▲ | 1.90% | -0.41 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $814 | +18.37 | $795 |
| Gross Loans ($M) | ▲ | $642 | +25.63 | $616 |
| Loan Growth YoY (%) | ▲ | 88.48% | +2.45 | 86.03% |
| Total Deposits ($M) | ▲ | $715 | +8.22 | $707 |
| Shareholders Equity ($M) | ▲ | $94 | +10.17 | $84 |
| Tang. Book Value ($M) | ▲ | $82 | +10.29 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +10.18 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 88.48% | +2.45 | 86.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.08 | 0.24% |
| Allowance / Loans (%) | — | 1.41% | 0.11% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.04 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.92% | 2.93% | 2.98% | 3.13% | 3.27% | 3.32% | 3.36% | 3.63% |
| ▁▁▁▄▆▆▆█ | Return on Assets (%) | 0.97% | 0.92% | 0.92% | 1.12% | 1.29% | 1.30% | 1.25% | 1.43% |
| ▇██▃▁▁▂▁ | Efficiency Ratio (%) | 61.6% | 63.0% | 62.5% | 56.6% | 54.3% | 55.0% | 56.1% | 55.2% |
| ███▅▆▄▃▁ | Cost of Funds (%) | 2.52% | 2.57% | 2.52% | 2.31% | 2.33% | 2.22% | 2.07% | 1.90% |
| ▁▄▁▂█▅█▄ | NPA / Assets (%) | 0.12% | 0.32% | 0.13% | 0.24% | 0.59% | 0.41% | 0.64% | 0.32% |
| ▁▄▁▂▇▅█▃ | Net Charge-Off Ratio (%) | 0.15% | 0.42% | 0.16% | 0.31% | 0.71% | 0.54% | 0.82% | 0.35% |
| ▁▄▂▃▃▇██ | Tang. Book Value ($M) | $68 | $73 | $69 | $71 | $72 | $78 | $80 | $82 |
| ▁▂▃▅▅▅██ | Gross Loans ($M) | $580 | $591 | $603 | $616 | $617 | $614 | $635 | $642 |
| ▁▂▅█▅███ | Total Deposits ($M) | $612 | $632 | $670 | $707 | $671 | $703 | $712 | $715 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 10% |
| Agricultural | 20% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 15% |