Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.10 | 1.21% |
| Return on Equity (%) | ▲ | 11.88% | +0.82 | 11.06% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.08 | 3.58% |
| Efficiency Ratio (%) | ▲ | 54.50% | -2.51 | 57.01% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▼ | 1.45% | +0.13 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $341 | +25.97 | $315 |
| Gross Loans ($M) | ▲ | $224 | +17.43 | $206 |
| Loan Growth YoY (%) | ▲ | 91.97% | +3.74 | 88.23% |
| Total Deposits ($M) | ▲ | $241 | +9.25 | $231 |
| Shareholders Equity ($M) | ▲ | $37 | +2.46 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +2.50 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +2.29 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 91.97% | +3.74 | 88.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.87% | -0.72 | 1.59% |
| Allowance / Loans (%) | — | 1.09% | 0.04% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 1.33% | -1.09 | 2.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▃▆██▅ | Net Interest Margin (%) | 3.47% | 3.55% | 3.56% | 3.58% | 3.69% | 3.76% | 3.77% | 3.65% |
| ▁▂▂▁█▇▇▄ | Return on Assets (%) | 1.19% | 1.23% | 1.25% | 1.21% | 1.48% | 1.44% | 1.43% | 1.31% |
| ▅▅▅█▁▁▁▄ | Efficiency Ratio (%) | 54.8% | 54.7% | 54.8% | 57.0% | 52.6% | 52.2% | 52.1% | 54.5% |
| ▁▅▆▂▃▇█▆ | Cost of Funds (%) | 1.25% | 1.42% | 1.45% | 1.32% | 1.34% | 1.51% | 1.56% | 1.45% |
| █▁▁▆▇▅▃▂ | NPA / Assets (%) | 2.28% | 0.60% | 0.42% | 1.59% | 1.93% | 1.36% | 0.90% | 0.87% |
| █▁▁▆▇▄▃▃ | Net Charge-Off Ratio (%) | 3.39% | 0.77% | 0.52% | 2.42% | 2.77% | 1.92% | 1.28% | 1.33% |
| ▁▄▃▅▄▇██ | Tang. Book Value ($M) | $31 | $33 | $33 | $34 | $34 | $35 | $37 | $36 |
| ▁▂▁▂▇██▇ | Gross Loans ($M) | $205 | $206 | $202 | $206 | $226 | $230 | $228 | $224 |
| █▁▂▆▇▆▅█ | Total Deposits ($M) | $237 | $213 | $218 | $231 | $236 | $232 | $227 | $241 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 8% |
| Agricultural | 32% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |