Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.56 | 0.87% |
| Return on Equity (%) | ▲ | 11.62% | +4.51 | 7.11% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.62 | 3.35% |
| Efficiency Ratio (%) | ▲ | 62.12% | -11.45 | 73.57% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.35 | $2 |
| Cost of Funds (%) | ▲ | 0.93% | -0.05 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $806 | +11.72 | $795 |
| Gross Loans ($M) | ▲ | $552 | +14.69 | $537 |
| Loan Growth YoY (%) | ▲ | 77.90% | +1.27 | 76.63% |
| Total Deposits ($M) | ▲ | $700 | +7.30 | $693 |
| Shareholders Equity ($M) | ▲ | $100 | +4.10 | $96 |
| Tang. Book Value ($M) | ▲ | $97 | +4.51 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +4.35 | $102 |
| Loan / Deposit Ratio (%) | ▲ | 77.90% | +1.27 | 76.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.04 | 0.14% |
| Allowance / Loans (%) | — | 1.05% | 0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.05 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▆█ | Net Interest Margin (%) | 3.15% | 3.23% | 3.26% | 3.35% | 3.49% | 3.63% | 3.74% | 3.98% |
| ▁▂▂▁▃▆▇█ | Return on Assets (%) | 0.86% | 0.95% | 1.00% | 0.87% | 1.07% | 1.28% | 1.34% | 1.44% |
| █▇▇█▅▃▁▁ | Efficiency Ratio (%) | 74.1% | 72.0% | 71.4% | 73.6% | 68.7% | 65.2% | 63.5% | 62.1% |
| ▁▅█▄▃▄▄▃ | Cost of Funds (%) | 0.88% | 0.99% | 1.08% | 0.98% | 0.93% | 0.96% | 0.97% | 0.93% |
| ▁▃▂▁██▄▅ | NPA / Assets (%) | 0.14% | 0.15% | 0.15% | 0.14% | 0.21% | 0.21% | 0.17% | 0.18% |
| ▁▂▁▁██▄▅ | Net Charge-Off Ratio (%) | 0.22% | 0.23% | 0.22% | 0.21% | 0.30% | 0.30% | 0.25% | 0.26% |
| ▁▁▃▁▃▅██ | Tang. Book Value ($M) | $92 | $92 | $93 | $92 | $94 | $94 | $97 | $97 |
| ▁▂▃▅▇▇█▇ | Gross Loans ($M) | $508 | $517 | $524 | $537 | $553 | $554 | $564 | $552 |
| █▂▁▇████ | Total Deposits ($M) | $700 | $673 | $668 | $693 | $699 | $699 | $701 | $700 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |