Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.05 | 1.02% |
| Return on Equity (%) | ▼ | 7.81% | -0.27 | 8.08% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.27 | 2.96% |
| Efficiency Ratio (%) | ▲ | 46.87% | -4.03 | 50.91% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.68 | $3 |
| Cost of Funds (%) | ▲ | 1.86% | -0.31 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $914 | +18.89 | $895 |
| Gross Loans ($M) | ▲ | $506 | +13.94 | $493 |
| Loan Growth YoY (%) | ▲ | 76.82% | +0.85 | 75.97% |
| Total Deposits ($M) | ▲ | $639 | +10.28 | $628 |
| Shareholders Equity ($M) | ▲ | $125 | +10.49 | $115 |
| Tang. Book Value ($M) | ▲ | $125 | +10.49 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +10.19 | $129 |
| Loan / Deposit Ratio (%) | ▲ | 76.82% | +0.85 | 75.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.43 | 0.25% |
| Allowance / Loans (%) | — | 3.11% | 0.05% | 3.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.22% | +0.77 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▁▂▃▅█ | Net Interest Margin (%) | 3.05% | 3.01% | 2.99% | 2.96% | 3.00% | 3.06% | 3.10% | 3.23% |
| ▆▇█▂▁▂▆▃ | Return on Assets (%) | 1.16% | 1.18% | 1.24% | 1.02% | 0.98% | 1.03% | 1.16% | 1.07% |
| ▁▁▁█▅▅▄▃ | Efficiency Ratio (%) | 45.0% | 45.6% | 45.4% | 50.9% | 48.2% | 47.9% | 47.3% | 46.9% |
| ▄▅███▇▂▁ | Cost of Funds (%) | 1.99% | 2.06% | 2.18% | 2.16% | 2.15% | 2.11% | 1.93% | 1.86% |
| ▂▂▁▃▁▁▁█ | NPA / Assets (%) | 0.16% | 0.10% | 0.06% | 0.25% | 0.05% | 0.01% | 0.03% | 0.68% |
| ▃▂▁▃▁▁▁█ | Net Charge-Off Ratio (%) | 0.31% | 0.20% | 0.10% | 0.45% | 0.09% | 0.01% | 0.04% | 1.22% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $106 | $116 | $110 | $115 | $116 | $122 | $124 | $125 |
| ▁▁▇▆▅▆██ | Gross Loans ($M) | $439 | $447 | $500 | $493 | $486 | $495 | $516 | $506 |
| ▁▁▆▇▇▄▅█ | Total Deposits ($M) | $591 | $590 | $623 | $628 | $630 | $611 | $618 | $639 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 6% |
| Agricultural | 27% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 12% |