Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.39 | 1.44% |
| Return on Equity (%) | ▲ | 17.73% | +5.85 | 11.88% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.48 | 3.27% |
| Efficiency Ratio (%) | ▲ | 49.37% | -8.17 | 57.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.30 | $2 |
| Cost of Funds (%) | ▲ | 2.12% | -0.27 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $642 | +135.71 | $507 |
| Gross Loans ($M) | ▲ | $469 | +91.83 | $377 |
| Loan Growth YoY (%) | ▼ | 81.23% | -3.16 | 84.38% |
| Total Deposits ($M) | ▲ | $569 | +130.29 | $439 |
| Shareholders Equity ($M) | ▲ | $67 | +5.20 | $61 |
| Tang. Book Value ($M) | ▲ | $62 | +0.53 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +1.40 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 81.23% | -3.16 | 84.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.02 | 0.12% |
| Allowance / Loans (%) | — | 1.39% | -0.38% | 1.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.05 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▁▃▄█ | Net Interest Margin (%) | 3.16% | 3.21% | 3.23% | 3.27% | 3.15% | 3.34% | 3.40% | 3.75% |
| ▁▁▁▃▂▃▃█ | Return on Assets (%) | 1.26% | 1.32% | 1.32% | 1.44% | 1.36% | 1.44% | 1.42% | 1.83% |
| ███▆▇██▁ | Efficiency Ratio (%) | 60.6% | 59.5% | 60.2% | 57.5% | 58.1% | 59.5% | 60.2% | 49.4% |
| ▄▅█▇▁█▄▃ | Cost of Funds (%) | 2.18% | 2.28% | 2.45% | 2.39% | 2.01% | 2.44% | 2.19% | 2.12% |
| █▄▂▂▅█▁▄ | NPA / Assets (%) | 0.21% | 0.15% | 0.12% | 0.12% | 0.16% | 0.20% | 0.10% | 0.14% |
| █▄▁▁▅█▁▄ | Net Charge-Off Ratio (%) | 0.26% | 0.18% | 0.14% | 0.14% | 0.20% | 0.26% | 0.13% | 0.19% |
| ▃█▅█▁▆▇█ | Tang. Book Value ($M) | $58 | $62 | $60 | $61 | $56 | $60 | $61 | $62 |
| ▁▁▂▂█▇██ | Gross Loans ($M) | $358 | $370 | $374 | $377 | $464 | $462 | $478 | $469 |
| ▁▁▂▃▇▆██ | Total Deposits ($M) | $387 | $403 | $426 | $439 | $530 | $523 | $567 | $569 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 3% |
| Agricultural | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 11% |