Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.02 | 1.12% |
| Return on Equity (%) | ▼ | 12.88% | -1.91 | 14.79% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.08 | 3.62% |
| Efficiency Ratio (%) | ▼ | 60.67% | +0.17 | 60.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.29% | -0.13 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $597 | +22.23 | $575 |
| Gross Loans ($M) | ▲ | $283 | +6.32 | $276 |
| Loan Growth YoY (%) | ▼ | 51.12% | -0.24 | 51.36% |
| Total Deposits ($M) | ▲ | $543 | +14.76 | $528 |
| Shareholders Equity ($M) | ▲ | $52 | +7.27 | $45 |
| Tang. Book Value ($M) | ▲ | $52 | +7.43 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +8.00 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 51.12% | -0.24 | 51.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.10 | 0.11% |
| Allowance / Loans (%) | — | 1.90% | -0.03% | 1.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.21 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▁▅▇█▅ | Net Interest Margin (%) | 3.64% | 3.66% | 3.71% | 3.62% | 3.71% | 3.74% | 3.77% | 3.70% |
| █▇█▁▄▅▇▂ | Return on Assets (%) | 1.26% | 1.23% | 1.25% | 1.12% | 1.18% | 1.20% | 1.23% | 1.14% |
| ▁▂▂█▆▆▅█ | Efficiency Ratio (%) | 56.6% | 57.4% | 57.1% | 60.5% | 59.5% | 59.4% | 59.1% | 60.7% |
| ▇█▇▄▅▄▃▁ | Cost of Funds (%) | 1.57% | 1.62% | 1.56% | 1.42% | 1.47% | 1.45% | 1.39% | 1.29% |
| ▁▁▁██▁▁▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.11% | 0.11% | 0.01% | 0.01% | 0.01% |
| ▁▁▁██▁▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 0.22% | 0.22% | 0.02% | 0.02% | 0.02% |
| ▁▄▂▃▃▇██ | Tang. Book Value ($M) | $40 | $46 | $42 | $44 | $44 | $49 | $52 | $52 |
| ▆▂▁▁▅▃█▅ | Gross Loans ($M) | $284 | $278 | $277 | $276 | $282 | $280 | $287 | $283 |
| ▃▆▅▄▁▆▅█ | Total Deposits ($M) | $526 | $535 | $533 | $528 | $517 | $536 | $531 | $543 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 2% |
| Agricultural | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 9% |