Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.27 | 1.27% |
| Return on Equity (%) | ▲ | 12.69% | +0.24 | 12.45% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.19 | 2.79% |
| Efficiency Ratio (%) | ▲ | 52.71% | -2.98 | 55.69% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $2 |
| Cost of Funds (%) | ▲ | 1.16% | -0.08 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $626 | +27.55 | $599 |
| Gross Loans ($M) | ▼ | $156 | -3.28 | $160 |
| Loan Growth YoY (%) | ▼ | 28.09% | -1.34 | 29.44% |
| Total Deposits ($M) | ▲ | $548 | +13.43 | $534 |
| Shareholders Equity ($M) | ▲ | $76 | +13.93 | $62 |
| Tang. Book Value ($M) | ▲ | $76 | +13.93 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +14.80 | $83 |
| Loan / Deposit Ratio (%) | ▼ | 28.09% | -1.34 | 29.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.04 | 0.26% |
| Allowance / Loans (%) | — | 1.69% | 0.11% | 1.58% |
| Net Charge-Off Ratio (%) | ▲ | 0.88% | -0.08 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆██ | Net Interest Margin (%) | 2.58% | 2.61% | 2.63% | 2.79% | 2.86% | 2.87% | 2.93% | 2.97% |
| ▁▁▂▅▂▄▆█ | Return on Assets (%) | 0.98% | 1.01% | 1.07% | 1.27% | 1.07% | 1.24% | 1.35% | 1.54% |
| ██▇▄▅▃▁▁ | Efficiency Ratio (%) | 60.2% | 60.0% | 58.6% | 55.7% | 57.2% | 55.3% | 53.6% | 52.7% |
| ██▇▅▄▃▁▁ | Cost of Funds (%) | 1.31% | 1.31% | 1.29% | 1.24% | 1.23% | 1.20% | 1.18% | 1.16% |
| ▁▁███▆▆▇ | NPA / Assets (%) | 0.06% | 0.06% | 0.26% | 0.26% | 0.25% | 0.20% | 0.21% | 0.22% |
| ▁▁███▇▇█ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.97% | 0.96% | 0.92% | 0.75% | 0.83% | 0.88% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $53 | $61 | $59 | $62 | $66 | $72 | $76 | $76 |
| ▁▁▇▇██▅▅ | Gross Loans ($M) | $147 | $146 | $160 | $160 | $163 | $162 | $155 | $156 |
| ▁▁▄▅▂▆██ | Total Deposits ($M) | $516 | $516 | $532 | $534 | $521 | $536 | $548 | $548 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 21% |
| Agricultural | 9% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |