Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.00 | 0.28% |
| Return on Equity (%) | ▲ | 2.61% | +0.15 | 2.46% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.51 | 3.32% |
| Efficiency Ratio (%) | ▼ | 91.13% | +0.62 | 90.51% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▲ | 2.33% | -0.05 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $441 | +32.33 | $409 |
| Gross Loans ($M) | ▲ | $336 | +50.14 | $286 |
| Loan Growth YoY (%) | ▲ | 91.96% | +6.50 | 85.46% |
| Total Deposits ($M) | ▲ | $363 | +30.94 | $332 |
| Shareholders Equity ($M) | ▲ | $47 | +0.59 | $46 |
| Tang. Book Value ($M) | ▲ | $47 | +0.59 | $46 |
| TBV excl. AOCI ($M)** | ▼ | $48 | -1.04 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 91.96% | +6.50 | 85.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.05 | 0.19% |
| Allowance / Loans (%) | — | 0.61% | -0.08% | 0.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.09 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.79% | -1.72 | 15.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▂▃▄▅█ | Net Interest Margin (%) | 3.33% | 3.28% | 3.18% | 3.32% | 3.38% | 3.47% | 3.54% | 3.82% |
| ▄▇▅▁██▆▁ | Return on Assets (%) | 0.38% | 0.46% | 0.40% | 0.28% | 0.51% | 0.49% | 0.44% | 0.28% |
| ▄▁▃█▁▂▄█ | Efficiency Ratio (%) | 86.4% | 83.7% | 85.6% | 90.5% | 83.5% | 84.4% | 86.5% | 91.1% |
| ▂▆█▁▂▃▂▁ | Cost of Funds (%) | 2.40% | 2.69% | 2.88% | 2.38% | 2.45% | 2.50% | 2.45% | 2.33% |
| ▁▂▄▅▃▃█▃ | NPA / Assets (%) | 0.09% | 0.13% | 0.18% | 0.19% | 0.15% | 0.15% | 0.27% | 0.14% |
| ▁▃▅▆▃▃█▃ | Net Charge-Off Ratio (%) | 0.13% | 0.19% | 0.26% | 0.28% | 0.21% | 0.19% | 0.36% | 0.19% |
| ▁▆▃▄▇██▇ | Tang. Book Value ($M) | $46 | $47 | $46 | $46 | $47 | $47 | $47 | $47 |
| ▁▂▃▃▅▆██ | Gross Loans ($M) | $257 | $267 | $284 | $286 | $298 | $315 | $327 | $336 |
| ▁▅▅▅▅▆██ | Total Deposits ($M) | $293 | $331 | $336 | $332 | $331 | $339 | $361 | $363 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 8% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 33% |