Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.02 | 1.27% |
| Return on Equity (%) | ▼ | 10.93% | -0.52 | 11.45% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.41 | 3.05% |
| Efficiency Ratio (%) | ▼ | 51.03% | +3.01 | 48.02% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 2.29% | -0.57 | 2.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $389 | +88.29 | $301 |
| Gross Loans ($M) | ▲ | $266 | +48.30 | $217 |
| Loan Growth YoY (%) | ▼ | 87.99% | -15.47 | 103.45% |
| Total Deposits ($M) | ▲ | $299 | +91.47 | $208 |
| Shareholders Equity ($M) | ▲ | $45 | +11.11 | $34 |
| Tang. Book Value ($M) | ▲ | $42 | +7.81 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +9.11 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 87.99% | -15.47 | 103.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.41 | 0.00% |
| Allowance / Loans (%) | — | 0.86% | -0.20% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.60 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.63% | -0.40 | 13.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▁▂▁▄█ | Net Interest Margin (%) | 3.16% | 3.11% | 3.09% | 3.05% | 3.10% | 3.06% | 3.24% | 3.46% |
| ██▆▄██▁▅ | Return on Assets (%) | 1.37% | 1.36% | 1.32% | 1.27% | 1.36% | 1.36% | 1.18% | 1.29% |
| ▂▂▃▃▁▁█▆ | Efficiency Ratio (%) | 46.5% | 46.2% | 47.5% | 48.0% | 46.0% | 44.9% | 54.2% | 51.0% |
| ▇█▆▇▆▂▅▁ | Cost of Funds (%) | 2.92% | 3.01% | 2.80% | 2.86% | 2.78% | 2.41% | 2.72% | 2.29% |
| ▁▂▁▁▁█▂▆ | NPA / Assets (%) | 0.02% | 0.13% | 0.02% | 0.00% | 0.00% | 0.55% | 0.11% | 0.41% |
| ▁▂▁▁▁█▂▆ | Net Charge-Off Ratio (%) | 0.02% | 0.18% | 0.02% | 0.00% | 0.00% | 0.81% | 0.16% | 0.60% |
| ▁▂▁▂▃███ | Tang. Book Value ($M) | $32 | $34 | $33 | $34 | $35 | $41 | $41 | $42 |
| ▁▁▄▃▃▇▇█ | Gross Loans ($M) | $198 | $200 | $225 | $217 | $216 | $255 | $254 | $266 |
| ▁▁▁▂▂▇▇█ | Total Deposits ($M) | $197 | $191 | $202 | $208 | $212 | $278 | $286 | $299 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 10% |
| Agricultural | 28% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 20% |