Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.33 | 1.01% |
| Return on Equity (%) | ▲ | 14.76% | +3.76 | 11.00% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.47 | 3.56% |
| Efficiency Ratio (%) | ▲ | 63.16% | -5.63 | 68.79% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.67 | $2 |
| Cost of Funds (%) | ▲ | 2.64% | -0.21 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $643 | +48.77 | $594 |
| Gross Loans ($M) | ▲ | $559 | +39.18 | $520 |
| Loan Growth YoY (%) | ▼ | 98.38% | -1.50 | 99.88% |
| Total Deposits ($M) | ▲ | $561 | +46.66 | $515 |
| Shareholders Equity ($M) | ▲ | $58 | +3.30 | $55 |
| Tang. Book Value ($M) | ▲ | $58 | +3.30 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +3.31 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 98.38% | -1.50 | 99.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.58% | -0.14 | 1.72% |
| Allowance / Loans (%) | — | 1.29% | 0.10% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 1.41% | -0.25 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 3.47% | 3.50% | 3.49% | 3.56% | 3.69% | 3.77% | 3.85% | 4.02% |
| ▁▂▁▂▃▄▄█ | Return on Assets (%) | 0.95% | 1.01% | 1.00% | 1.01% | 1.09% | 1.12% | 1.10% | 1.34% |
| ██▇▅▄▄▃▁ | Efficiency Ratio (%) | 73.9% | 72.9% | 71.8% | 68.8% | 67.8% | 67.7% | 66.8% | 63.2% |
| ▅██▅▅▄▃▁ | Cost of Funds (%) | 2.89% | 3.05% | 3.04% | 2.85% | 2.89% | 2.84% | 2.78% | 2.64% |
| ▆▄█▅▁▂▁▄ | NPA / Assets (%) | 1.87% | 1.57% | 2.13% | 1.72% | 1.27% | 1.38% | 1.19% | 1.58% |
| ▇▅█▅▁▁▁▄ | Net Charge-Off Ratio (%) | 1.93% | 1.59% | 2.24% | 1.66% | 1.03% | 1.03% | 0.90% | 1.41% |
| ▁▂▃▅▅▆██ | Tang. Book Value ($M) | $50 | $52 | $53 | $55 | $55 | $56 | $59 | $58 |
| ▁▃▃▄▅▇██ | Gross Loans ($M) | $486 | $505 | $512 | $520 | $527 | $545 | $559 | $559 |
| ▁▂▃▄▆▇██ | Total Deposits ($M) | $478 | $491 | $506 | $515 | $531 | $542 | $556 | $561 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 20% |