Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.92% | +0.32 | 1.60% |
| Return on Equity (%) | ▲ | 13.52% | +2.35 | 11.17% |
| Net Interest Margin (%) | ▲ | 4.81% | +0.08 | 4.73% |
| Efficiency Ratio (%) | ▲ | 50.25% | -3.03 | 53.28% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 1.86% | -0.28 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $573 | +38.59 | $535 |
| Gross Loans ($M) | ▼ | $361 | -15.84 | $377 |
| Loan Growth YoY (%) | ▼ | 76.50% | -8.84 | 85.34% |
| Total Deposits ($M) | ▲ | $464 | +28.91 | $436 |
| Shareholders Equity ($M) | ▲ | $82 | +3.96 | $78 |
| Tang. Book Value ($M) | ▲ | $71 | +6.22 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +7.46 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 76.50% | -8.84 | 85.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.42% | +0.12 | 1.30% |
| Allowance / Loans (%) | — | 1.65% | 0.22% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 1.70% | +0.12 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.30% | +1.22 | 16.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅█████ | Net Interest Margin (%) | 3.42% | 3.99% | 4.23% | 4.73% | 4.71% | 4.73% | 4.75% | 4.81% |
| ▁▃▄▆▆▅▆█ | Return on Assets (%) | 0.86% | 1.20% | 1.26% | 1.60% | 1.53% | 1.51% | 1.59% | 1.92% |
| ▆▄█▆██▇▁ | Efficiency Ratio (%) | 53.2% | 52.5% | 54.5% | 53.3% | 54.8% | 54.6% | 53.7% | 50.2% |
| █▄▄▄▃▂▁▁ | Cost of Funds (%) | 2.51% | 2.18% | 2.14% | 2.14% | 2.05% | 2.01% | 1.91% | 1.86% |
| █▁▂▂▆▄▃▃ | NPA / Assets (%) | 1.85% | 1.17% | 1.32% | 1.30% | 1.66% | 1.46% | 1.40% | 1.42% |
| █▁▂▂▆▄▄▃ | Net Charge-Off Ratio (%) | 2.40% | 1.45% | 1.59% | 1.58% | 2.16% | 1.86% | 1.89% | 1.70% |
| ▁▄▂▅▃▆▇█ | Tang. Book Value ($M) | $58 | $64 | $61 | $64 | $63 | $67 | $69 | $71 |
| ▁▃██▆█▅▃ | Gross Loans ($M) | $354 | $360 | $379 | $377 | $371 | $377 | $370 | $361 |
| ▁▃▃▃▃▅██ | Total Deposits ($M) | $419 | $431 | $432 | $436 | $436 | $443 | $459 | $464 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 18% |
| Agricultural | 23% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |