Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.12% | +0.31 | 1.81% |
| Return on Equity (%) | ▲ | 20.01% | +3.14 | 16.87% |
| Net Interest Margin (%) | ▼ | 4.92% | -0.11 | 5.02% |
| Efficiency Ratio (%) | ▲ | 53.69% | -3.19 | 56.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.40 | $2 |
| Cost of Funds (%) | ▲ | 1.65% | -0.22 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $363 | +46.24 | $316 |
| Gross Loans ($M) | ▲ | $285 | +27.00 | $258 |
| Loan Growth YoY (%) | ▼ | 88.24% | -3.53 | 91.77% |
| Total Deposits ($M) | ▲ | $319 | +40.94 | $278 |
| Shareholders Equity ($M) | ▲ | $40 | +4.97 | $35 |
| Tang. Book Value ($M) | ▲ | $40 | +5.00 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +4.88 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 88.24% | -3.53 | 91.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.24 | 0.24% |
| Allowance / Loans (%) | — | 1.27% | 0.14% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.30 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.11 | 13.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▆▆███▁ | Net Interest Margin (%) | 5.03% | 5.01% | 5.02% | 5.02% | 5.05% | 5.06% | 5.06% | 4.92% |
| ▅▆▆▁▃▅▅█ | Return on Assets (%) | 1.97% | 2.03% | 2.02% | 1.81% | 1.92% | 2.01% | 2.00% | 2.12% |
| █▇█▇▄▄▃▁ | Efficiency Ratio (%) | 57.4% | 56.8% | 57.0% | 56.9% | 55.5% | 55.4% | 54.7% | 53.7% |
| ██▆▄▅▆▄▁ | Cost of Funds (%) | 2.07% | 2.12% | 1.98% | 1.86% | 1.91% | 1.97% | 1.82% | 1.65% |
| ▅█▂▂▁▁▁▁ | NPA / Assets (%) | 0.68% | 1.28% | 0.28% | 0.24% | 0.03% | 0.03% | 0.01% | 0.00% |
| ▅█▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.83% | 1.61% | 0.37% | 0.30% | 0.04% | 0.04% | 0.01% | 0.00% |
| ▁▅▅▅▆▇██ | Tang. Book Value ($M) | $27 | $33 | $34 | $35 | $35 | $37 | $39 | $40 |
| ▁▁▂▃▄▅█▇ | Gross Loans ($M) | $237 | $237 | $247 | $258 | $262 | $273 | $299 | $285 |
| ▁▁▄▃▄▄█▇ | Total Deposits ($M) | $253 | $261 | $284 | $278 | $286 | $291 | $333 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 35% |
| C&I / Commercial | 20% |
| Agricultural | 43% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 18% |