Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.15% | +0.06 | 2.09% |
| Return on Equity (%) | ▲ | 21.34% | +0.17 | 21.17% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.39 | 3.65% |
| Efficiency Ratio (%) | ▲ | 39.56% | -1.28 | 40.84% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.00 | $4 |
| Cost of Funds (%) | ▲ | 2.40% | -0.44 | 2.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $848 | +137.03 | $711 |
| Gross Loans ($M) | ▲ | $738 | +123.78 | $614 |
| Loan Growth YoY (%) | ▲ | 104.21% | +0.97 | 103.24% |
| Total Deposits ($M) | ▲ | $700 | +112.11 | $588 |
| Shareholders Equity ($M) | ▲ | $85 | +15.20 | $70 |
| Tang. Book Value ($M) | ▲ | $76 | +12.72 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +12.73 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 104.21% | +0.97 | 103.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.01 | 0.48% |
| Allowance / Loans (%) | — | 1.14% | -0.02% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.25 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▅█ | Net Interest Margin (%) | 3.50% | 3.50% | 3.57% | 3.65% | 3.80% | 3.85% | 3.82% | 4.04% |
| ▁▁▁▆▇█▆▇ | Return on Assets (%) | 1.88% | 1.91% | 1.89% | 2.09% | 2.12% | 2.20% | 2.11% | 2.15% |
| ▇▆█▄▁▁▂▂ | Efficiency Ratio (%) | 44.3% | 43.7% | 45.8% | 40.8% | 37.8% | 38.4% | 39.6% | 39.6% |
| ██▆▄▅▅▃▁ | Cost of Funds (%) | 3.31% | 3.29% | 3.05% | 2.84% | 2.89% | 2.86% | 2.70% | 2.40% |
| ▄█▁▆▅▄▆▆ | NPA / Assets (%) | 0.38% | 0.57% | 0.25% | 0.48% | 0.42% | 0.41% | 0.48% | 0.47% |
| ▆█▁▄▆▆▇▇ | Net Charge-Off Ratio (%) | 0.44% | 0.68% | 0.02% | 0.29% | 0.47% | 0.47% | 0.54% | 0.54% |
| ▁▂▂▃▄▅▆█ | Tang. Book Value ($M) | $56 | $60 | $60 | $64 | $64 | $68 | $70 | $76 |
| ▁▁▂▃▄▄▆█ | Gross Loans ($M) | $556 | $564 | $595 | $614 | $632 | $643 | $670 | $738 |
| ▁▂▂▄▄▅▅█ | Total Deposits ($M) | $519 | $556 | $562 | $588 | $589 | $613 | $629 | $700 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| C&I / Commercial | 12% |
| Agricultural | 42% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |