Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 1.39% | 0.00 | 1.39% |
| Return on Equity (%) | ▼ | 19.18% | -0.88 | 20.06% |
| Net Interest Margin (%) | ▼ | 3.29% | -0.06 | 3.35% |
| Efficiency Ratio (%) | ▼ | 45.01% | +0.33 | 44.68% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.12 | $3 |
| Cost of Funds (%) | ▲ | 2.13% | -0.17 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $596 | +28.28 | $568 |
| Gross Loans ($M) | ▲ | $362 | +33.28 | $329 |
| Loan Growth YoY (%) | ▲ | 71.26% | +6.59 | 64.67% |
| Total Deposits ($M) | ▼ | $502 | -0.05 | $502 |
| Shareholders Equity ($M) | ▲ | $43 | +3.87 | $39 |
| Tang. Book Value ($M) | ▲ | $43 | +3.87 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +3.88 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 71.26% | +6.59 | 64.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.20 | 0.59% |
| Allowance / Loans (%) | — | 1.35% | -0.06% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.68 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.04% | +0.31 | 19.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆██▄ | Net Interest Margin (%) | 3.17% | 3.19% | 3.18% | 3.35% | 3.36% | 3.41% | 3.44% | 3.29% |
| █▅▁▆█▆▅▆ | Return on Assets (%) | 1.45% | 1.36% | 1.24% | 1.39% | 1.44% | 1.38% | 1.35% | 1.39% |
| ▁▄▆▅▄▅█▆ | Efficiency Ratio (%) | 43.7% | 44.5% | 44.8% | 44.7% | 44.4% | 44.7% | 45.5% | 45.0% |
| ▄██▅▅▂▂▁ | Cost of Funds (%) | 2.28% | 2.44% | 2.44% | 2.30% | 2.31% | 2.20% | 2.19% | 2.13% |
| ▁▆▇▆█▇▄▄ | NPA / Assets (%) | 0.15% | 0.54% | 0.63% | 0.59% | 0.74% | 0.62% | 0.43% | 0.39% |
| ▁▆▇▆█▇▂▁ | Net Charge-Off Ratio (%) | 0.27% | 0.98% | 1.13% | 1.01% | 1.27% | 1.04% | 0.48% | 0.33% |
| ██▃▂▁▄▄▄ | Tang. Book Value ($M) | $51 | $52 | $40 | $39 | $35 | $42 | $43 | $43 |
| ▁▁▂▃▄▆▆█ | Gross Loans ($M) | $309 | $315 | $323 | $329 | $331 | $344 | $348 | $362 |
| ▁▁▅▃▅█▇▃ | Total Deposits ($M) | $489 | $493 | $512 | $502 | $509 | $527 | $520 | $502 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 5% |
| Agricultural | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 34% |