Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.23% | +0.25 | 2.98% |
| Return on Equity (%) | ▲ | 27.20% | +1.44 | 25.76% |
| Net Interest Margin (%) | ▼ | 5.27% | -0.03 | 5.30% |
| Efficiency Ratio (%) | ▲ | 39.85% | -0.50 | 40.35% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.09 | $8 |
| Cost of Funds (%) | ▲ | 1.23% | -0.16 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $956 | +5.74 | $950 |
| Gross Loans ($M) | ▼ | $693 | -25.09 | $718 |
| Loan Growth YoY (%) | ▼ | 82.06% | -3.10 | 85.16% |
| Total Deposits ($M) | ▲ | $833 | +0.90 | $832 |
| Shareholders Equity ($M) | ▲ | $115 | +4.36 | $111 |
| Tang. Book Value ($M) | ▲ | $115 | +4.36 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +3.89 | $114 |
| Loan / Deposit Ratio (%) | ▼ | 82.06% | -3.10 | 85.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.24 | 0.27% |
| Allowance / Loans (%) | — | 1.39% | 0.04% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.35 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▂▆█▇▁ | Net Interest Margin (%) | 5.42% | 5.46% | 5.47% | 5.30% | 5.41% | 5.46% | 5.43% | 5.27% |
| ███▁▆▇█▄ | Return on Assets (%) | 3.44% | 3.49% | 3.49% | 2.98% | 3.31% | 3.41% | 3.45% | 3.23% |
| ▂▁▁█▂▁▂▇ | Efficiency Ratio (%) | 37.9% | 37.4% | 37.6% | 40.4% | 38.0% | 37.5% | 38.1% | 39.9% |
| ▇█▆▄▆▄▂▁ | Cost of Funds (%) | 1.53% | 1.58% | 1.46% | 1.39% | 1.45% | 1.38% | 1.28% | 1.23% |
| ▁▂▂▃▃▁█▆ | NPA / Assets (%) | 0.11% | 0.24% | 0.21% | 0.27% | 0.27% | 0.14% | 0.74% | 0.51% |
| ▁▂▂▂▂▁█▆ | Net Charge-Off Ratio (%) | 0.15% | 0.31% | 0.27% | 0.35% | 0.33% | 0.18% | 1.00% | 0.70% |
| ▁▆▂▅▅▅▅█ | Tang. Book Value ($M) | $104 | $111 | $106 | $111 | $110 | $111 | $111 | $115 |
| ▁▃▄█▆▂▄▄ | Gross Loans ($M) | $669 | $685 | $691 | $718 | $706 | $678 | $691 | $693 |
| ▃▁▄█▁▄▇█ | Total Deposits ($M) | $807 | $792 | $809 | $832 | $791 | $808 | $824 | $833 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 10% |
| Agricultural | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 1% |