Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.24% | +0.17 | 2.08% |
| Return on Equity (%) | ▲ | 19.29% | +0.34 | 18.95% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.58 | 2.95% |
| Efficiency Ratio (%) | ▲ | 43.89% | -4.37 | 48.26% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.67 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.28 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $584 | +14.60 | $569 |
| Gross Loans ($M) | ▲ | $502 | +15.01 | $487 |
| Loan Growth YoY (%) | ▲ | 98.11% | +0.91 | 97.21% |
| Total Deposits ($M) | ▲ | $504 | +11.27 | $493 |
| Shareholders Equity ($M) | ▲ | $68 | +5.23 | $63 |
| Tang. Book Value ($M) | ▲ | $66 | +5.08 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +4.69 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 98.11% | +0.91 | 97.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.01 | 0.15% |
| Allowance / Loans (%) | — | 1.45% | -0.15% | 1.60% |
| Net Charge-Off Ratio (%) | — | 0.18% | 0.00 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.77% | +0.13 | 13.65% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.49% | 2.57% | 2.67% | 2.95% | 3.05% | 3.12% | 3.20% | 3.53% |
| ▁▁▃▇▇▇▇█ | Return on Assets (%) | 1.30% | 1.33% | 1.55% | 2.08% | 2.12% | 2.07% | 2.03% | 2.24% |
| ██▇▄▄▃▃▁ | Efficiency Ratio (%) | 53.3% | 52.8% | 51.0% | 48.3% | 47.5% | 46.8% | 46.5% | 43.9% |
| ▇█▇▄▅▄▃▁ | Cost of Funds (%) | 2.28% | 2.39% | 2.26% | 2.08% | 2.10% | 2.06% | 2.00% | 1.80% |
| ▂▁▆▆█▇▇▇ | NPA / Assets (%) | 0.07% | 0.06% | 0.14% | 0.15% | 0.18% | 0.16% | 0.16% | 0.16% |
| ▂▁▆▇█▇▇▇ | Net Charge-Off Ratio (%) | 0.09% | 0.07% | 0.16% | 0.18% | 0.21% | 0.19% | 0.18% | 0.18% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $57 | $60 | $60 | $61 | $63 | $64 | $65 | $66 |
| ▁▂▅▄▅▆██ | Gross Loans ($M) | $474 | $481 | $493 | $487 | $491 | $494 | $504 | $502 |
| ▁▁▃▄▂▆▅█ | Total Deposits ($M) | $483 | $485 | $490 | $493 | $486 | $497 | $496 | $504 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 4% |
| Agricultural | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |