Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.44% | +0.22 | 2.22% |
| Return on Equity (%) | ▲ | 20.95% | +2.51 | 18.44% |
| Net Interest Margin (%) | ▼ | 4.45% | -1.05 | 5.50% |
| Efficiency Ratio (%) | ▼ | 38.32% | +1.34 | 36.97% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.25 | $4 |
| Cost of Funds (%) | ▼ | 1.25% | +0.00 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $620 | +17.66 | $602 |
| Gross Loans ($M) | ▲ | $364 | +11.01 | $353 |
| Loan Growth YoY (%) | ▲ | 65.16% | +0.63 | 64.53% |
| Total Deposits ($M) | ▲ | $547 | +11.26 | $536 |
| Shareholders Equity ($M) | ▲ | $71 | +6.36 | $65 |
| Tang. Book Value ($M) | ▲ | $65 | +8.56 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +7.75 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 65.16% | +0.63 | 64.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.93% | -0.23 | 2.16% |
| Allowance / Loans (%) | — | 2.00% | 0.02% | 1.98% |
| Net Charge-Off Ratio (%) | ▲ | 3.13% | -0.56 | 3.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.50% | +1.69 | 15.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁██▇▇▄ | Net Interest Margin (%) | 3.77% | 3.91% | 3.94% | 5.50% | 5.34% | 5.28% | 5.08% | 4.45% |
| ▁▁▁▅██▆█ | Return on Assets (%) | 1.98% | 2.01% | 2.03% | 2.22% | 2.40% | 2.45% | 2.33% | 2.44% |
| ▇██▁▁▂▄▂ | Efficiency Ratio (%) | 42.9% | 44.2% | 44.5% | 37.0% | 36.8% | 38.0% | 40.1% | 38.3% |
| ▆█▃▁▂▂▁▁ | Cost of Funds (%) | 1.46% | 1.55% | 1.33% | 1.25% | 1.29% | 1.30% | 1.23% | 1.25% |
| ▆▅▁███▇▆ | NPA / Assets (%) | 1.88% | 1.85% | 1.39% | 2.16% | 2.17% | 2.08% | 2.05% | 1.93% |
| ▇▅▁█▇▅▅▅ | Net Charge-Off Ratio (%) | 3.44% | 3.21% | 2.49% | 3.69% | 3.43% | 3.19% | 3.17% | 3.13% |
| ▁▂▇▃▆▇██ | Tang. Book Value ($M) | $52 | $55 | $63 | $57 | $61 | $63 | $66 | $65 |
| ▁▁▂▇████ | Gross Loans ($M) | $247 | $257 | $267 | $353 | $365 | $364 | $379 | $364 |
| ▁▁▂█▇▇██ | Total Deposits ($M) | $396 | $387 | $410 | $536 | $507 | $516 | $541 | $547 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 10% |
| Agricultural | 23% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |