Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.26 | 0.73% |
| Return on Equity (%) | ▲ | 10.57% | +1.80 | 8.77% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.43 | 2.57% |
| Efficiency Ratio (%) | ▲ | 67.96% | -4.48 | 72.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 2.21% | -0.31 | 2.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $285 | +4.80 | $280 |
| Gross Loans ($M) | ▲ | $153 | +9.62 | $144 |
| Loan Growth YoY (%) | ▲ | 70.57% | +4.98 | 65.59% |
| Total Deposits ($M) | ▼ | $214 | -1.96 | $216 |
| Shareholders Equity ($M) | ▲ | $26 | +3.21 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +3.21 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.93 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 70.57% | +4.98 | 65.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.58 | 0.67% |
| Allowance / Loans (%) | — | 1.31% | 0.07% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -1.14 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.40% | -0.04 | 17.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.20% | 2.25% | 2.35% | 2.57% | 2.77% | 2.85% | 2.92% | 3.00% |
| ▁▁▃▆████ | Return on Assets (%) | 0.29% | 0.32% | 0.48% | 0.73% | 0.91% | 0.92% | 0.93% | 0.99% |
| █▇▅▃▁▁▁▁ | Efficiency Ratio (%) | 84.4% | 80.4% | 76.8% | 72.4% | 67.4% | 66.2% | 65.9% | 68.0% |
| ███▅▄▅▄▁ | Cost of Funds (%) | 2.83% | 2.78% | 2.82% | 2.52% | 2.49% | 2.55% | 2.51% | 2.21% |
| ▁▁▁██▁▂▁ | NPA / Assets (%) | 0.06% | 0.05% | 0.03% | 0.67% | 0.66% | 0.04% | 0.13% | 0.09% |
| ▁▁▁██▁▂▁ | Net Charge-Off Ratio (%) | 0.11% | 0.09% | 0.06% | 1.31% | 1.17% | 0.07% | 0.23% | 0.17% |
| ▁▄▂▂▁▆█▇ | Tang. Book Value ($M) | $22 | $25 | $23 | $23 | $23 | $25 | $27 | $26 |
| ▁▃▄▃▆██▆ | Gross Loans ($M) | $136 | $143 | $146 | $144 | $155 | $163 | $161 | $153 |
| ▅▆▁█▄▃▂█ | Total Deposits ($M) | $209 | $211 | $198 | $216 | $206 | $203 | $203 | $214 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 15% |
| Agricultural | 12% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |