Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.99% | +0.13 | 2.86% |
| Return on Equity (%) | ▲ | 22.88% | +2.14 | 20.74% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.04 | 4.14% |
| Efficiency Ratio (%) | ▲ | 30.33% | -2.19 | 32.52% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.07 | $9 |
| Cost of Funds (%) | ▲ | 1.57% | -0.07 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,343 | +76.51 | $1,267 |
| Gross Loans ($M) | ▲ | $739 | +50.52 | $689 |
| Loan Growth YoY (%) | ▲ | 65.10% | +0.13 | 64.97% |
| Total Deposits ($M) | ▲ | $1,129 | +73.96 | $1,055 |
| Shareholders Equity ($M) | ▲ | $168 | +0.45 | $168 |
| Tang. Book Value ($M) | ▲ | $161 | +0.45 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $186 | +3.88 | $182 |
| Loan / Deposit Ratio (%) | ▲ | 65.10% | +0.13 | 64.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.02 | 0.16% |
| Allowance / Loans (%) | — | 0.57% | 0.11% | 0.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.03 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇███▇ | Net Interest Margin (%) | 3.30% | 3.39% | 3.57% | 4.14% | 4.27% | 4.33% | 4.33% | 4.19% |
| ▁▁▂▇██▇█ | Return on Assets (%) | 2.10% | 2.16% | 2.27% | 2.86% | 2.91% | 2.97% | 2.85% | 2.99% |
| ███▃▃▂▇▁ | Efficiency Ratio (%) | 37.5% | 37.5% | 37.6% | 32.5% | 32.8% | 32.0% | 36.0% | 30.3% |
| ██▄▁▁▁▁▁ | Cost of Funds (%) | 2.16% | 2.10% | 1.82% | 1.63% | 1.63% | 1.63% | 1.58% | 1.57% |
| ▃▃▃▆▁▃█▆ | NPA / Assets (%) | 0.08% | 0.08% | 0.08% | 0.16% | 0.00% | 0.08% | 0.24% | 0.18% |
| ▃▃▃▆▁▃█▆ | Net Charge-Off Ratio (%) | 0.15% | 0.16% | 0.14% | 0.29% | 0.00% | 0.14% | 0.45% | 0.32% |
| ▁▃▇▁▂▅█▁ | Tang. Book Value ($M) | $161 | $166 | $175 | $161 | $164 | $170 | $179 | $161 |
| ▁▁▄▁▄▆██ | Gross Loans ($M) | $683 | $684 | $707 | $689 | $706 | $723 | $738 | $739 |
| ▁▂▄▅▅▆██ | Total Deposits ($M) | $975 | $1,007 | $1,039 | $1,055 | $1,060 | $1,087 | $1,129 | $1,129 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |