Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.05 | 0.74% |
| Return on Equity (%) | ▲ | 8.47% | +0.26 | 8.21% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.32 | 3.51% |
| Efficiency Ratio (%) | ▲ | 71.87% | -9.75 | 81.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.61 | $1 |
| Cost of Funds (%) | ▲ | 2.40% | -0.30 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $557 | +19.64 | $538 |
| Gross Loans ($M) | ▲ | $446 | +17.07 | $429 |
| Loan Growth YoY (%) | ▲ | 92.54% | +1.21 | 91.33% |
| Total Deposits ($M) | ▲ | $475 | +12.26 | $463 |
| Shareholders Equity ($M) | ▲ | $51 | +3.07 | $48 |
| Tang. Book Value ($M) | ▲ | $51 | +3.32 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +3.35 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 92.54% | +1.21 | 91.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Allowance / Loans (%) | — | 1.40% | -0.03% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.04 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.59% | +0.02 | 11.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▃▅▆█ | Net Interest Margin (%) | 3.47% | 3.53% | 3.53% | 3.51% | 3.59% | 3.65% | 3.71% | 3.83% |
| ▁▇█▆▁▃▅▇ | Return on Assets (%) | 0.63% | 0.78% | 0.81% | 0.74% | 0.61% | 0.66% | 0.71% | 0.78% |
| ▆▆▅█▆▄▄▁ | Efficiency Ratio (%) | 78.5% | 78.3% | 77.9% | 81.6% | 78.2% | 76.7% | 76.2% | 71.9% |
| ▆██▄▄▄▂▁ | Cost of Funds (%) | 2.94% | 3.12% | 3.05% | 2.70% | 2.71% | 2.72% | 2.55% | 2.40% |
| ▃█▁▁▁▁▁▁ | NPA / Assets (%) | 0.48% | 1.33% | 0.06% | 0.07% | 0.18% | 0.10% | 0.04% | 0.04% |
| ▃█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.60% | 1.58% | 0.07% | 0.08% | 0.23% | 0.12% | 0.05% | 0.05% |
| ▁▃▃▄▃▆▇█ | Tang. Book Value ($M) | $45 | $47 | $47 | $48 | $47 | $49 | $50 | $51 |
| ▁█▆▁▃▃▃█ | Gross Loans ($M) | $431 | $448 | $443 | $429 | $436 | $434 | $436 | $446 |
| █▃▂▃▃▃▁▇ | Total Deposits ($M) | $481 | $463 | $461 | $463 | $465 | $463 | $456 | $475 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 8% |
| Agricultural | 26% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |