Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.33 | 1.50% |
| Return on Equity (%) | ▲ | 14.13% | +1.73 | 12.40% |
| Net Interest Margin (%) | ▲ | 5.39% | +0.44 | 4.96% |
| Efficiency Ratio (%) | ▲ | 55.80% | -1.87 | 57.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 1.72% | -0.20 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $451 | +12.30 | $439 |
| Gross Loans ($M) | ▲ | $329 | +10.48 | $319 |
| Loan Growth YoY (%) | ▼ | 83.87% | -1.52 | 85.40% |
| Total Deposits ($M) | ▲ | $386 | +19.15 | $367 |
| Shareholders Equity ($M) | ▲ | $57 | +4.73 | $53 |
| Tang. Book Value ($M) | ▲ | $57 | +4.73 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +4.71 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 83.87% | -1.52 | 85.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.13 | 0.50% |
| Allowance / Loans (%) | — | 1.59% | -0.05% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.00 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▄▅▆█ | Net Interest Margin (%) | 4.79% | 4.87% | 4.92% | 4.96% | 5.06% | 5.17% | 5.23% | 5.39% |
| ▃▄▆▁▃▃▄█ | Return on Assets (%) | 1.61% | 1.66% | 1.72% | 1.50% | 1.59% | 1.59% | 1.62% | 1.83% |
| ▄▁▁█▅▄█▃ | Efficiency Ratio (%) | 56.1% | 54.9% | 54.7% | 57.7% | 56.5% | 56.2% | 57.5% | 55.8% |
| ███▆▇▆▆▁ | Cost of Funds (%) | 2.03% | 2.02% | 2.02% | 1.92% | 1.97% | 1.94% | 1.94% | 1.72% |
| ▁▂▇▄█▄▄█ | NPA / Assets (%) | 0.39% | 0.42% | 0.57% | 0.50% | 0.63% | 0.49% | 0.51% | 0.63% |
| ▁▂▆▄█▁▁▄ | Net Charge-Off Ratio (%) | 0.51% | 0.55% | 0.68% | 0.62% | 0.79% | 0.50% | 0.48% | 0.62% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $48 | $51 | $51 | $53 | $54 | $55 | $56 | $57 |
| ▂▁▁▃▆███ | Gross Loans ($M) | $316 | $316 | $314 | $319 | $325 | $330 | $329 | $329 |
| ▁▁▁▄▅▄▄█ | Total Deposits ($M) | $351 | $348 | $349 | $367 | $370 | $366 | $363 | $386 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 14% |
| Agricultural | 8% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |