Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.25 | 1.12% |
| Return on Equity (%) | ▲ | 16.28% | +3.38 | 12.90% |
| Net Interest Margin (%) | ▼ | 3.76% | -0.04 | 3.80% |
| Efficiency Ratio (%) | ▲ | 51.40% | -3.43 | 54.83% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.96 | $5 |
| Cost of Funds (%) | ▼ | 2.08% | +0.03 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,196 | +132.60 | $1,064 |
| Gross Loans ($M) | ▲ | $1,045 | +120.62 | $924 |
| Loan Growth YoY (%) | ▼ | 97.75% | -0.71 | 98.45% |
| Total Deposits ($M) | ▲ | $1,054 | +128.01 | $926 |
| Shareholders Equity ($M) | ▲ | $103 | +8.92 | $94 |
| Tang. Book Value ($M) | ▲ | $103 | +8.92 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +9.33 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 97.75% | -0.71 | 98.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.59% | +0.76 | 0.83% |
| Allowance / Loans (%) | — | 1.38% | 0.04% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 1.43% | +0.47 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇██▃ | Net Interest Margin (%) | 3.69% | 3.72% | 3.77% | 3.80% | 3.85% | 3.88% | 3.86% | 3.76% |
| ▄▇█▃▁▄▅█ | Return on Assets (%) | 1.17% | 1.29% | 1.36% | 1.12% | 1.03% | 1.16% | 1.21% | 1.37% |
| █▆▅█▆▄▂▁ | Efficiency Ratio (%) | 54.8% | 53.8% | 53.2% | 54.8% | 53.6% | 52.9% | 52.1% | 51.4% |
| █▆▄▁▂▁▁▂ | Cost of Funds (%) | 2.29% | 2.22% | 2.15% | 2.05% | 2.10% | 2.04% | 2.04% | 2.08% |
| ▃▃▃▃▁▂▁█ | NPA / Assets (%) | 0.80% | 0.90% | 0.87% | 0.83% | 0.53% | 0.70% | 0.62% | 1.59% |
| ▅▆▅▅▃▄▁█ | Net Charge-Off Ratio (%) | 0.92% | 1.04% | 1.00% | 0.96% | 0.61% | 0.80% | 0.31% | 1.43% |
| ▁▄▁▄▅▇▆█ | Tang. Book Value ($M) | $88 | $94 | $90 | $94 | $96 | $101 | $98 | $103 |
| ▁▂▂▃▃▅██ | Gross Loans ($M) | $870 | $902 | $906 | $924 | $927 | $975 | $1,024 | $1,045 |
| ▁▁▄▃▃▅██ | Total Deposits ($M) | $866 | $885 | $940 | $926 | $930 | $965 | $1,050 | $1,054 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |