Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.15% | +0.19 | 1.96% |
| Return on Equity (%) | ▲ | 18.90% | +0.08 | 18.82% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.18 | 2.98% |
| Efficiency Ratio (%) | ▲ | 30.87% | -1.74 | 32.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $2 |
| Cost of Funds (%) | ▲ | 1.10% | -0.19 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $441 | +26.40 | $415 |
| Gross Loans ($M) | ▼ | $58 | -16.49 | $75 |
| Loan Growth YoY (%) | ▼ | 14.48% | -5.27 | 19.75% |
| Total Deposits ($M) | ▲ | $390 | +20.50 | $369 |
| Shareholders Equity ($M) | ▲ | $51 | +5.90 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +5.90 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +8.18 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 14.48% | -5.27 | 19.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.03 | 0.29% |
| Allowance / Loans (%) | — | 2.95% | 0.68% | 2.27% |
| Net Charge-Off Ratio (%) | ▼ | 1.98% | +0.39 | 1.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 41.37% | +16.94 | 24.43% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 2.01% | 2.06% | 2.25% | 2.98% | 3.03% | 3.09% | 3.14% | 3.16% |
| ▁▁▂▇▇▇▇█ | Return on Assets (%) | 1.15% | 1.19% | 1.29% | 1.96% | 2.02% | 1.98% | 1.99% | 2.15% |
| ███▂▁▃▃▁ | Efficiency Ratio (%) | 42.0% | 42.5% | 42.6% | 32.6% | 32.3% | 33.9% | 35.0% | 30.9% |
| ███▆▅▃▃▁ | Cost of Funds (%) | 1.36% | 1.38% | 1.36% | 1.29% | 1.25% | 1.21% | 1.18% | 1.10% |
| █▆▆█▃▁▁▄ | NPA / Assets (%) | 0.29% | 0.27% | 0.28% | 0.29% | 0.26% | 0.25% | 0.24% | 0.26% |
| ▂▁▁▅▃▂▂█ | Net Charge-Off Ratio (%) | 1.37% | 1.20% | 1.27% | 1.60% | 1.45% | 1.37% | 1.34% | 1.98% |
| ▁▄▃▅▆▇██ | Tang. Book Value ($M) | $38 | $43 | $41 | $45 | $46 | $49 | $49 | $51 |
| ▆██▅▅▅▆▁ | Gross Loans ($M) | $80 | $90 | $89 | $75 | $75 | $78 | $79 | $58 |
| ▁▂▅▅▅▆██ | Total Deposits ($M) | $346 | $352 | $369 | $369 | $371 | $378 | $386 | $390 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 22% |
| C&I / Commercial | 15% |
| Agricultural | 62% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 14% |