Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.61 | 0.66% |
| Return on Equity (%) | ▲ | 14.45% | +6.62 | 7.83% |
| Net Interest Margin (%) | ▼ | 4.08% | -0.15 | 4.23% |
| Efficiency Ratio (%) | ▲ | 68.41% | -4.97 | 73.38% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.41 | $2 |
| Cost of Funds (%) | ▲ | 1.87% | -0.13 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $602 | +26.08 | $576 |
| Gross Loans ($M) | ▲ | $422 | +13.62 | $408 |
| Loan Growth YoY (%) | ▼ | 76.33% | -0.57 | 76.90% |
| Total Deposits ($M) | ▲ | $546 | +20.46 | $526 |
| Shareholders Equity ($M) | ▲ | $54 | +5.62 | $48 |
| Tang. Book Value ($M) | ▲ | $48 | +5.62 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +6.06 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 76.33% | -0.57 | 76.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.98 | 0.29% |
| Allowance / Loans (%) | — | 1.22% | 0.20% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 1.70% | +1.29 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▇███▃ | Net Interest Margin (%) | 3.96% | 3.97% | 4.09% | 4.23% | 4.27% | 4.28% | 4.28% | 4.08% |
| ▃▁▄▃▆▇▇█ | Return on Assets (%) | 0.59% | 0.34% | 0.71% | 0.66% | 0.94% | 1.05% | 1.12% | 1.27% |
| ██▅▄▃▂▁▁ | Efficiency Ratio (%) | 78.2% | 78.9% | 74.0% | 73.4% | 71.4% | 70.7% | 68.1% | 68.4% |
| ▅█▆▃▂▂▁▁ | Cost of Funds (%) | 2.10% | 2.30% | 2.15% | 2.01% | 1.98% | 1.96% | 1.92% | 1.87% |
| ▁▁▁▁▄▃▂█ | NPA / Assets (%) | 0.40% | 0.40% | 0.31% | 0.29% | 0.68% | 0.62% | 0.52% | 1.27% |
| ▁▁▁▁▄▄▂█ | Net Charge-Off Ratio (%) | 0.51% | 0.50% | 0.42% | 0.41% | 0.98% | 0.91% | 0.68% | 1.70% |
| ▁▃▁▂▃▇██ | Tang. Book Value ($M) | $41 | $43 | $41 | $42 | $43 | $47 | $47 | $48 |
| ▁▃▄▅▄▅██ | Gross Loans ($M) | $391 | $402 | $403 | $408 | $405 | $408 | $419 | $422 |
| ▁▂▃▅▆▇█▇ | Total Deposits ($M) | $489 | $504 | $508 | $526 | $533 | $540 | $556 | $546 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Agricultural | 5% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 19% |