Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.05 | 1.70% |
| Return on Equity (%) | ▼ | 16.80% | -1.04 | 17.84% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.22 | 4.02% |
| Efficiency Ratio (%) | ▼ | 53.94% | +0.42 | 53.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $2 |
| Cost of Funds (%) | ▲ | 1.83% | -0.20 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $506 | +29.79 | $477 |
| Gross Loans ($M) | ▲ | $384 | +14.32 | $370 |
| Loan Growth YoY (%) | ▼ | 83.52% | -1.50 | 85.02% |
| Total Deposits ($M) | ▲ | $452 | +23.88 | $428 |
| Shareholders Equity ($M) | ▲ | $53 | +5.96 | $47 |
| Tang. Book Value ($M) | ▲ | $53 | +5.96 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +6.03 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 83.52% | -1.50 | 85.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.25 | 0.13% |
| Allowance / Loans (%) | — | 1.76% | 0.15% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.33 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.38% | 3.41% | 3.51% | 4.02% | 4.10% | 4.16% | 4.21% | 4.24% |
| ▁▁▂▇███▇ | Return on Assets (%) | 1.22% | 1.27% | 1.32% | 1.70% | 1.83% | 1.85% | 1.82% | 1.75% |
| ██▇▂▁▁▁▃ | Efficiency Ratio (%) | 59.0% | 58.6% | 57.8% | 53.5% | 52.4% | 51.9% | 52.0% | 53.9% |
| ▇██▃▄▄▃▁ | Cost of Funds (%) | 2.24% | 2.37% | 2.34% | 2.03% | 2.06% | 2.07% | 2.00% | 1.83% |
| ██▁▁▂▂▁▄ | NPA / Assets (%) | 0.77% | 0.79% | 0.12% | 0.13% | 0.21% | 0.24% | 0.20% | 0.38% |
| ██▁▁▁▂▁▄ | Net Charge-Off Ratio (%) | 1.02% | 1.05% | 0.16% | 0.17% | 0.27% | 0.31% | 0.25% | 0.50% |
| ▁▃▂▄▄▆▇█ | Tang. Book Value ($M) | $43 | $45 | $44 | $47 | $46 | $49 | $50 | $53 |
| ▁▁▄▃▄▆██ | Gross Loans ($M) | $363 | $361 | $371 | $370 | $372 | $377 | $382 | $384 |
| ▄▄▂▁▂▃▂█ | Total Deposits ($M) | $440 | $438 | $432 | $428 | $433 | $434 | $432 | $452 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 21% |
| Agricultural | 20% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 15% |