Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.00 | 1.33% |
| Return on Equity (%) | ▼ | 13.93% | -0.08 | 14.01% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.10 | 3.55% |
| Efficiency Ratio (%) | ▼ | 64.80% | +0.14 | 64.66% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.48% | -0.10 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $501 | +30.41 | $470 |
| Gross Loans ($M) | ▲ | $329 | +18.19 | $310 |
| Loan Growth YoY (%) | ▲ | 73.46% | +0.19 | 73.27% |
| Total Deposits ($M) | ▲ | $442 | +23.55 | $418 |
| Shareholders Equity ($M) | ▲ | $47 | +2.95 | $44 |
| Tang. Book Value ($M) | ▲ | $46 | +3.10 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +3.34 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 73.46% | +0.19 | 73.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.19% | -0.04% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.03 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.54% | +0.19 | 13.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▇▇█ | Net Interest Margin (%) | 3.37% | 3.39% | 3.40% | 3.55% | 3.57% | 3.60% | 3.61% | 3.65% |
| ▁▁▁█▇█▆█ | Return on Assets (%) | 1.10% | 1.11% | 1.12% | 1.33% | 1.30% | 1.31% | 1.26% | 1.32% |
| ███▁▁▁▃▁ | Efficiency Ratio (%) | 67.7% | 67.7% | 67.6% | 64.7% | 64.8% | 64.6% | 65.7% | 64.8% |
| ▂█▇▅██▃▁ | Cost of Funds (%) | 1.51% | 1.65% | 1.61% | 1.58% | 1.64% | 1.64% | 1.54% | 1.48% |
| ██▆▇▇▁▁▂ | NPA / Assets (%) | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.01% |
| ██▇▇▇▁▁▂ | Net Charge-Off Ratio (%) | 0.05% | 0.06% | 0.05% | 0.05% | 0.05% | 0.00% | 0.00% | 0.01% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $40 | $41 | $41 | $42 | $43 | $44 | $44 | $46 |
| ▁▁▁▄▅▄▇█ | Gross Loans ($M) | $298 | $298 | $298 | $310 | $317 | $310 | $321 | $329 |
| ▂▁▂▅▅▄▇█ | Total Deposits ($M) | $400 | $391 | $403 | $418 | $417 | $412 | $431 | $442 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 12% |
| Agricultural | 17% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 11% |