Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.22 | 1.38% |
| Return on Equity (%) | ▲ | 16.06% | +0.49 | 15.57% |
| Net Interest Margin (%) | ▲ | 4.68% | +0.37 | 4.31% |
| Efficiency Ratio (%) | ▲ | 55.53% | -3.19 | 58.72% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.52 | $3 |
| Cost of Funds (%) | ▲ | 2.00% | -0.40 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $601 | +38.47 | $562 |
| Gross Loans ($M) | ▲ | $465 | +8.12 | $457 |
| Loan Growth YoY (%) | ▼ | 85.41% | -3.40 | 88.81% |
| Total Deposits ($M) | ▲ | $537 | +29.10 | $508 |
| Shareholders Equity ($M) | ▲ | $60 | +8.87 | $51 |
| Tang. Book Value ($M) | ▲ | $60 | +8.87 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +8.64 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 85.41% | -3.40 | 88.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.20 | 0.61% |
| Allowance / Loans (%) | — | 1.38% | 0.09% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.28 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.96% | +1.57 | 12.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆██ | Net Interest Margin (%) | 3.78% | 3.83% | 3.90% | 4.31% | 4.34% | 4.44% | 4.61% | 4.68% |
| ▁▁▁▅▆▇▇█ | Return on Assets (%) | 1.03% | 1.08% | 1.06% | 1.38% | 1.42% | 1.45% | 1.47% | 1.59% |
| █▇█▃▂▂▂▁ | Efficiency Ratio (%) | 65.7% | 64.4% | 65.3% | 58.7% | 58.0% | 57.9% | 56.9% | 55.5% |
| ▇██▅▄▄▂▁ | Cost of Funds (%) | 2.59% | 2.68% | 2.61% | 2.40% | 2.33% | 2.33% | 2.11% | 2.00% |
| █▇▇▆▅▅▄▁ | NPA / Assets (%) | 0.73% | 0.68% | 0.65% | 0.61% | 0.61% | 0.60% | 0.53% | 0.42% |
| █▆▆▅▄▄▂▁ | Net Charge-Off Ratio (%) | 0.97% | 0.85% | 0.82% | 0.75% | 0.70% | 0.68% | 0.56% | 0.47% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $46 | $48 | $48 | $51 | $53 | $55 | $58 | $60 |
| ▁▅▅▇▇███ | Gross Loans ($M) | $411 | $447 | $445 | $457 | $461 | $467 | $470 | $465 |
| ▁▁▂▂▆▄▅█ | Total Deposits ($M) | $498 | $501 | $507 | $508 | $524 | $514 | $521 | $537 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |